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Rising prices in Angola must be contained, says head of IMF mission

Price rises in Angola are among the highest in the world, reaching levels that are “not acceptable”, said on Tuesday in Luanda the head of a mission of the International Monetary Fund (IMF), which is in the country for technical consultations.

Ricardo Velloso said that the leaders of the National Bank of Angola are fully aware that the price increase is too high, having More

IMF positive about restructuring of Angola’s BPC bank

The restructuring and recapitalisation plan of Angolan bank Banco de Poupança e Crédito (BPC) has received a positive assessment by the International Monetary Fund (IMF), according to statements by the Head of Mission Ricardo Velloso, on Tuesday in Luanda.

Velloso noted at the end of a meeting with members of the 5th Commission of Economy and Finance of the National Assembly, the More

Angola wants marine resources to help diversify the economy

Angola plans to work with the University of Aveiro, in Portugal, to promote the so-called Blue Economy to assist in the economic diversification process, the minister of Fisheries, Victoria de Barros Neto said in Luanda.

The minister said that later this year Angola may sign a cooperation protocol with the University of Aveiro, which has extensive experience in the sector, for scientific More

Diamonds from Lucapa’s mine in Angola worth more than expected

The 54% increase in the average value of diamonds to US$1,246 per carat will offer a significant increase in the financial results of the Lulo concession in Angola, Australia’s Lucapa Diamond Company said in a statement on Monday.

An initial study estimated that the average price per carat would be around US$800 and the discrepancy is the result of the Australian company finding More

World Bank supports agricultural development in three provinces of Angola

The World Bank expects to apply about US$70 million in Angola in agricultural projects aimed at reducing poverty, the World Bank’s Angolan representative said in Cuito.

The funding will be provided through the Market-oriented Smallholder Agriculture Project (MOSAP II) of the World Bank, said Clara de Sousa, adding that funding would be available for commercial agriculture.

The representative of the World Bank in More

Namibe Academy of Fisheries in Angola due to open soon

The Academy of Fisheries and Marine Sciences, located in Angola’s Namibe province, will be inaugurated soon, said on Monday in Luanda the minister of Fisheries of Angola, speaking at a seminar on “Economy of the Sea, challenges, opportunities and risks.”

During the seminar organised by the Ministry of Fisheries in cooperation with the University of Aveiro in Portugal, Victoria de Barros Neto More