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Moçâmedes Railroad, Angola, receives three more locomotives

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The fleet of the Moçâmedes Railroad will be increased days with the arrival of three new locomotives acquired in the United States, the chairman of the rail management company said.

Daniel Quipaxe said that six locomotives were currently in service, which were recently acquired in China and India, and that the three new units would streamline “the process of movement and transport More

Assets of banks operating in Angola rise 12 pct in 2013

The value of assets of banks operating in Angola in 2013 stood at 6,621 billion kwanza (US$67 billion), an increase of 12 percent compared to 2012, according to a study by auditing and consulting firm Deloitte.

According to the study presented by Deloitte Friday in Luanda, which was the result of compilation of public information disclosed by banks operating in the market More

Tourist revenues rise by 50 pct in 2013 in Angola

Revenues from tourism in Angola in 2013 showed “a marked increase” of 50 percent rising to 119.100 billion kwanza (US$1.211 billion dollars), according to figures from Hospitality and Tourism Market Bulletin, cited by Angola’s Angop news agency.

According to the same figures, revenues grew by 39.697 million kwanza in real terms and 1.088 million foreign tourists came into Angola, 5 percent more More

Angola interested in companies that transform natural resources

Angola is interested in setting up businesses that help transform the country’s enormous potential of natural resources, to supply not only the national market but also the regional market, with 300 million potential consumers, said Angola’s Secretary of State for Industry.

Ngone Kiala Gabriel, who took part in the Congress of Agro-business Technologies and Services, which took place at the National Centre More

Fuel prices increase 46 pct in Angola

Fuel prices in Angola posted an average increase of 46.4 percent from midnight on 27 September, the Angolan press reported.

Amongst other fuels the price per litre of gasoline now costs 75 kwanza (US$0.76), diesel costs 50 kwanza and kerosene costs 35 kwanza.

Despite these price increases oil-based fuels are still subsidised, and in 2013 cost the exchequer 55.9 billion kwanza (US$5.625 billion), More

Wines from Alentejo, Portugal, promoted in Angola

More than 150 wines from 19 producers in Portugal’s Alentejo region will be presented in Angola at two events in Luanda and Lobito, the Alentejo Regional Wine Commission (CVRA) said.

The presentations will be made in Luanda on Tuesday, and Lobito on Thursday, with the aim of bringing Alentejo wines closer to consumers and challenge them to “a new drinking opportunity,” said More

Mozambique economy to register expected growth in 2014

The end of hostilities in Mozambique will allow the economy to grow as initially planned for 2014, the Governor of the Bank of Mozambique, Ernesto Gove said in Maputo.

On the sidelines of the Annual Conference on Communication and Development, jointly organised by daily newspaper Notícias and Mozambican Television, Gove stressed that despite all the internal and external adverse factors, the performance More

Cabo Verde government sells stakes in companies

The government of Cabo Verde (Cape Verde) plans to sell the shares it holds in the fuel company Empresa Nacional de Combustíveis and local bank Banco Comercial do Atlântico (BCA) via the stock exchange and outside it, said the Minister of the Presidency of the Council of Ministers Thursday in Praia .

Minister Démis Lobo said the Council of Ministers had approved More