January 07, 2023
Angola: President Authorises Commercial Operation of Angosat-2
Angolan head of State João Lourenço has authorised the commercial exploitation of ANGOSAT-2, on the eve of the inauguration of the Satellite Mission and Control… Read more »
January 06, 2023
Zambia: Angola, DRC and Zambia Sign Transport Facilitation Agreement
An agreement for Lobito Corridor Traffic Transport Facilitation Agency (LCTTFA) will be signed in Angola's coastal Benguela Read more »
January 05, 2023
Angola: Angola Aims to Reduce Weight of Oil Sector in GDP
Angola government foresees an average annual economic growth of 3.5 percent to reduce the weight of the oil sector to just 20 percent of the Gross Domestic Product (GDP) in 2027,… Read more »
Angola: Commitment to Domestic Production Reduces Inflation By 13 Percent
The drop in inflation by around 13% in 2022, compared to the previous year, owed to the increase in national production, the minister of Economy and Planning (MEP) Mário… Read more »
Angola: Arab Bank Pledges to Invest Over Usd 1 Billion in Angola
The Arab Bank for Economic Development in Africa (BADEA) has announced plans to invest over 1 billion US dollars in economic projects in Angola. Read more »
January 03, 2023
Angola: Mining Exploitation in Tundavala Tourist Zone Reproved
The Provincial Office for Environment, Waste Management and Community Services on Monday reproved the exploitation of construction aggregates in Tundavala tourist zone. Read more »
Angola: Angola At Annual Meeting of African Investment Agencies
Angola will participate in the first Edition of the Annual African Private Equity and Venture Capital Association (AVCA) Conference from 25 to 28 January in Accra, Ghana. Read more »
Angola: Electricity Debt Estimated At Akz 1 Billion
Electricity bills in southern Cunene province stands at AKz 1.5 billion, an amount accumulated from 2015 to 2022, said the National Electricity Firm (ENDE) in the region. Read more »
January 09, 2023
Angola: Raxio Group to Invests in First Data Technology Center
Raxio Group, one of the main pan-African builders and operators of data centers, announced Tuesday it is investing in the first Tier IIII Certified Data Technology Center in… Read more »
January 08, 2023
Angola: Economy Minister Mário Caetano Wants Agricultural Investment in Special Economic Zone
The minister of Economy and Planning, Mário Caetano João, recommended Wednesday in Luanda the new Chairman of the Special Economic Zone (ZEE) Board of Directors to… Read more »
Angola: Labour Income Tax Adjustments Also Imply Expenses
The General Council of Tax Administration (AGT) said on Tuesday in case of making adjustments in terms of Labour Income Tax (IRT) it must also be done in terms of expenditure. Read more »
Angola: Three Missing After Fishing Boat Sinks Off Nzeto Coast
Three people, who have been missing since Tuesday (17th), were onboard a fishing boat which is believed to have sunk off Nzeto municipality, northern Zaire province. Read more »
January 06, 2023
Angola: Parliament Speaker Expects State Budget Responds to Families' Concerns
National Assembly Speaker Carolina Cerqueira on Monday said she hopes that the 2023 State Budget (OGE) will be drafted with the contribution of political parties and gradually… Read more »
Angola: 2023 Draft State Budget Passed in Generality
National Assembly (AN) on Monday approved in general terms the State Budget Proposal (OGE) for the 2023 economic year. Read more »
Angola: Inflation Reaches 1.19 Pct in December
The overall inflation recorded in December 2022 stood at 1.19 percent, with imported products recording 0.71 percentage points, or 60 percent, a slowdown of 1.08 percent compared… Read more »
January 02, 2023
Angola: Parliament Passes Budget Execution Reports
National Assembly (AN) approved Thursday the draft Resolutions on the Execution Reports of the General State Budget (OGE) for the 1st and 2nd quarters of 2022. Read more »
January 01, 2023
Zambia: Angola and Zambia Envisage Strengthened Cooperation in Raw Materials
Angola and Zambian businesspeople plan to strengthen raw material trade cooperation to bolster commercial relations between the two countries. Read more »
Africa: Need for Fertilizers Brings Together African Leaders in Senegal
African Heads of State will meet in June this year in Senegal to analyse issues related to soils and access to fertilizers, the commissioner for Rural Economy and Agriculture of… Read more »
January 10, 2023
Angola: Central Bank Establishes New Rules for Foreign Transactions
Banking institutions must subscribe to the Swift FIN Inform transaction reporting system to ensure that data from international payments and receipts operations carried out are… Read more »
Angola: Angolan State Issues 1.80 Billion Kwanzas Debt in 2022
The Angolan state issued 1.80 billion kwanzas in domestic debt securities to banks in 2022, according to weekly information on the Angolan economy published Monday in Luanda, by… Read more »
Angola: Over 2,000 Diamond Stones Seized in 2022
At least 2028 diamond stones of several carats as well as USD 49,751, were seized in Lunda Norte Province, by the defence and security bodies in 2022, as part of the fight against… Read more »
Angola: MPLA Reiterates Commitment to Construction of Social Infrastructure
The MPLA's first secretary in the eastern Lunda Sul province Daniel Neto reaffirmed Tuesday his party's commitment to keep building social infrastructure, under the 2022/2027… Read more »
Angola: More Than U.S$17 Million Spent On Rehabilitation of Soyo Streets
Over USD17 million has been invested since July last year in the rehabilitation of major urban roads of Soyo city, northern Zaire province. Read more »
January 09, 2023
Angola: Angola Seeks Partnership in Future Minerals Forum
Staff of the National Agency for Mineral Resources (ANRM) are in Riyadh, capital city of Saudi Arabia, where they are setting up contacts with strategic partners aiming to produce… Read more »
January 08, 2023
Angola: Cuando Cubango - Over 5,000 Seedlings Distributed to Farming Families
Farming families in south-east Cuando Cubango province received 5,395 different seedlings in 2022, the Forestry Development Institute (IDF) has announced. Read more »