Angola
Vai alla Scheda Paese »There is not a single day, even tomorrow the sun will shine.
— Angolan proverb
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Oxford Economics Africa sees growth in Angola accelerating from 2% in 2022 to 2.3% this year
British consultancy Oxford Economics forecasts growth of 2.3% for Angola this year, following last year's economic expansion of 2%, mainly driven by the non-oil sector, which grew 4%. "Real gross domestic product (GDP) growth in 2022 was 3%, slightly better than our estimate of 2.9%; the non-oil economy, which accounts ...
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Democracy Still Best For Africa Despite Recent Coups – Buhari
Two outgoing Ambassadors to Nigeria were on Thursday hosted in farewell audiences at the State House, Abuja, by President Muhammadu Buhari, and they had kind words to say about their tour of duty in Nigeria. His Excellency, Dr Eustaquio Januario Quibato of Republic of Angola thanked the President for ...
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The Angola Startup Summit 2023 takes place this month
The Angola Startup Summit 2023 will be held from April 27 to 29 at Instituto Superior Politécnico de Tecnologias e Ciências (ISPTEC), in Luanda, in an initiative of the Ministry of Economy and Planning. Under the slogan 'Innovation and technology as a vector for the immersion of startups in Angola,' ...
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Angolans continue to experience a “serious” political, social, and judicial crisis in 21 years of peace – UNITA
UNITA (National Union for the Total Independence of Angola) said today that, 21 years after the conquest of peace, Angolans continue to live a "serious" political, judicial, economic-financial, and social crisis characterized by the "regression" of the democratic rule of law indicators. For UNITA (the largest opposition party), the current ...
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Angola defends greater dynamics in financial cooperation with Portugal
"We already have many Portuguese companies operating in Angola, in several areas, especially in civil construction, but there is always room to do more, and we believe that this visit gives an important impulse for what we want to do from now on," said Angolan Finance Minister Vera Daves de ...
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Portuguese Finance Minister highlights businessman Rui Nabeiro’s “great legacy” in Angola
Portugues Finance Minister Fernando Medina, who started today a visit to Luanda, until Thursday, at the invitation of his Angolan counterpart, Vera Daves de Sousa, was speaking to the press after visiting the company Angonabeiro. According to the minister, the businessman and founder of Grupo Nabeiro - Delta Cafés, who ...
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Angola’s insurer Nossa Seguros’ profits grow 33% to US$13.3 million
By Adnardo Barros The net result of Sociedade de Seguros de Angola (Nossa Seguros) grew 33% in 2022, compared to 2021, settling at US13.37 million due to the business portfolio growth. The "Life" and "Health" branches stood out among those most contributed to this rise. This growth, said the executive ...
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Angola has received 200 new industrial projects since 2018
The head of the Angolan executive, who inaugurated the 5th edition of Expo-Industry, in Luanda, stressed that since 2018, the growth rate of real Gross Domestic Product (GDP) for the manufacturing industry recorded an accumulated 7.7%. He highlighted 2022 with a growth in the order of 6%, exceeding the projection ...
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Expo-industry back in Angola, three years later
The 5th edition of the expo-industry started this Wednesday (29) in the Special Economic Zone (SEZ) Luanda-Bengo, with 238 exhibitors' participation in an initiative of the Ministry of Industry and Trade organized by Eventos Arena. The fair is a privileged space for the Angolan industry to show the world what ...
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Luanda is the 9th most expensive city in the world for business travel
According to ECA International, the Angolan capital, Luanda, ranked ninth in the 'Top 10' most expensive cities in the world for business travel in 2022. With an average cost of US$564 per day, Luanda is once again among the ten most expensive business destinations in the world, above Paris, which ...
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Caixa Angola bank achieves best ever result in 2022
The chief executive of Banco Caixa Geral Angola (BCGA), João Pires, recently said in Luanda that the bank had its best result last year and was optimistic about the economy's evolution, considering 2023 as "challenging". According to the manager, BCGA's net income amounted to €364.5 million, a growth of 0.19%, ...
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Angola: President Points Sectors for Japanese Private Investment in Angola
[ANGOP] Luanda -- Angola president, João Lourenço, has said that he wants to see Japanese private investment in Angola in the energy sectors, including renewable energy, agri-business, fishing, tourism, mining and pharmaceutical industries.
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Angola: President João Lourenço Foresees Growth On Japanese Investment in Angola
[ANGOP] Tokyo -- The President of the Republic, João Lourenço, foresees better days for Japanese investments in Angola, within the framework of the signing of the Reciprocal Investment Protection Agreement.
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Angolan concessionaire estimates investments of US$200 million to drill the first well in Namibe basin
Today, the ANPG - Angolan National Agency for Oil, Gas, and Biofuels estimated investments of US$200 million to drill the first exploration well in the Namibe basin, starting in 2024. For drilling the first exploration well in the unexplored Namibe basin, ANPG, the Angolan state company Sonangol and ExxonMobil (US) ...
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Angola and Mozambique invited to African summit with the UK in London
Mozambique and Angola are among 24 African countries whose leaders and business people the United Kingdom has invited to a summit in London on April 23-24 to promote trade and economic investment, the British government said. In a statement, the British government said that the meeting aims to strengthen Anglo-African ...
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Angola: French Investment in Angola Reaches U.S.$35 Million
[ANGOP] Luanda -- Investments by French companies in Angola amounted to around US$35 million over the last five years, an average of US$7 million/year, according to data from the Private Investment and Export Promotion Agency (AIPEX).
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Cabinet wants Kenya's debt ceiling moved from Sh10 trillion to GDP percentage
The Kenya Kwanza administration wants to replace the Sh10 trillion debt ceiling with a debt anchor at 55 per cent of the Gross Domestic Product (GDP)..
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Ronaldinho to open a soccer academy in Angola
As of March, the former world soccer star Ronaldinho Gaúcho, world champion for Brazil, will open a soccer academy in Angola, named R10, in partnership with the Angolan club Benfica of Lubango. The information was advanced a few days ago by the president of Benfica of Lubango, Jacques da Conceição, ...
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IMF calls for ‘ambitious adjustments’ to Angola’s recovery plan
A few days ago, the International Monetary Fund (IMF) called for "ambitious and growth-friendly adjustments to the government's plan to meet medium-term fiscal and debt targets" in Angola, encouraging the deepening of reforms. Article IV, the annual review of Angola's economy, made the recommendations. The IMF praised the reforms underway ...
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Angola: NowNow gets partnership with Mastercard
NowNow, a company operating in Angola in the digital payment market, has recently established a partnership with Mastercard intending to reduce the risk of cyber attacks, mainly to those in the electronic monetary transaction sector. The idea is to increase the security levels of users who carry out electronic monetary ...
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Angola: Economic Diplomacy Capitalises On Foreign Investors
[ANGOP] Luanda -- Angola has improved, over the last five years, its image with organisations and international partners, due, essentially, to the Executive's keen economic diplomacy.