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Angola has capacity to produce more cement than it uses

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Angola’s cement industry currently has an installed production capacity of 8 million tons per year, which is 2 million tons more than domestic demand, reported state newspaper Jornal de Angola.

The paper said that cement production had grown exponentially over the last 14 years. The biggest investment was made by the China International Fund Angola (CIF), which installed a factory in Luanda More

Angola will no longer need to import plywood

Angola will no longer need to import plywood for the construction sector due to investments being made in a wood product factory in Huambo province, state newspaper Jornal de Angola reported.

The Almeidas Guotai factory, in operation since 2013, on the outskirts of the town of Cachiuno 65 kilometres from Huambo, is a partnership between Angolan and Chinese investors. It meets demand More

Angolan reinsurance company will be called Ango RE

Angola’s first reinsurer will be called Ango RE and it is due to be set up soon, the president of the Angolan Insurance Regulation Agency said in Kigali, Rwanda, according to an official statement issued in Luanda.

The Finance Ministry said in the statement that Aguinaldo Jaime had made the announcement at the 38th Annual General Meeting of Africa RE, the pan-African More

UN finances fishing project in Angola

Fifteen thousand people from the Angolan provinces of Luanda, Kwanza Norte, Bengo and Malanje will benefit from a project to support communal fish farming (aquaculture) launched Monday in Luanda by the Minister for Fishing, the local press reported.

The director-general of the Institute for Development of Artisanal Fishing and Aquaculture (IPA), Kkosi Leyeye, said the project would take five years and was intended to More

Angola receives a quarter of the loans granted to Africa by China since 2000

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Angola has received a quarter of all the loans China has granted to African countries in the last 15 years and Angolan state oil company Sonangol has received 84 percent of all the loans granted to the extractive industries, according to a new academic database.

The first conclusions of the China Africa Research Initiative (CARI), of US John Hopkins University, were presented in June, following nine years’ work by researchers Jyhjong Hwang, Deborah Brautigam and Janet Eom. More

Angola’s imports fall 33 pct in first quarter

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The products imported by Angola in the first quarter of 2016 amounted to 1.598 billion tons, a decrease of 33.26 percent compared to 2.395 billion tons recorded in the first three months of 2015, according to the National Shippers Council (CNC).

The latest data in the CNC Statistical Bulletin showed that in the first quarter Angola received 341,500 tons of clinker, the More