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Angola plans to replace imports with domestic products

The government of Angola plans to foster partnerships between producers, consumers and public bodies to promote the replacement of imports by domestic production, the angolan Minister for Industry said in Luanda.

At the end of a meeting with representatives of business organisations and consumer associations, Minister Bernarda Martins said that Angola has been manufacturing products with the quality needed to compete with More

Insurance companies have room to grow in Angola

The rate of insurance penetration in Angola is very low, of just 0.80 percent, the president of the Insurance Regulation and Supervision Agency (Arseg), has said in Luanda.

Aguinaldo Jaime, who was speaking at the launch of a new insurance company Proteja Seguros, said the sector’s progress in the economy was insignificant and said it there was a need to create more More

National Bank of Angola to design new coins

The National Bank of Angola (BNA) will take on the design new 50 and 100 kwanza coins alluding to the 40 years of national independence, to replace notes of equal value, after a failed public competition for their design, the bank announced.

In a statement issued Monday, the central bank reported that “none of the proposals considered met the requirements for the More

Angola’s attendance of Lisbon Tourism Fair “positive” says Angola Tourism Institute

Angola’s participation in the 27th edition of the Lisbon Tourism Fair (BTL) “was positive,” said the technical director of the Institute of Tourist Development (Infotur) of Angola, Laureth da Silva Bravo, cited by Angolan news agency Angop.

Taking stock of Angola’s presence at the event, which ran from 25 February to 1 March at Feira Internacional de Lisboa, the Infotur technical director More

Luanda hosts business forum between Portugal and Angola in June

A forum of companies from Portugal and Angola, initially scheduled for the first quarter of this year, will be held in Luanda next June, the Portuguese Economy Minister said Monday.

Speaking in Lisbon, to Angolan National Radio, António Pires de Lima confirmed the forum, announced in January by the Portuguese Minister of State and Foreign Affairs, Rui Machete, during an official visit More

Angola’s public debt expected to reach US$47 billion in 2015

The rise in Angola’s public debt, which this year is expected to reach US$47 billion or 45.8 percent of gross domestic product (GDP), will increase debt interest to US$2.162 billion in 2015, according to the amending State Budget.

The new document, to be discussed in detail in the Angolan parliament until 19 March, includes a budget deficit of 7 percent, due to More

Angolan parliament discusses proposed Tourism Law

Tourism in Angola in 2014 registered business in the amount of 216 billion kwanzas (US$2 billion) in hotels and similar services, the Minister of Tourism said in parliament.

Pedro Mutindi was in parliament to present the proposed new Tourism Law, which was approved in general, according to state newspaper Jornal de Angola.

The minister said that in 2014 about 600,000 European and African More

Japan funds water supply in Angolan town

Japan has donated US$103,000 to Angola to support a project to build a water purification system in the town of Quindenuco, Uíge province, the Japanese embassy in Angola said in a statement.

The statement said the funding will allow the construction of a drinking water purification system and two drinking fountains in an elementary school and in the Quindenuco community in the More