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Gold mining in Jamba, Angola needs U$100 million investment

The start of gold mining in the Jamba municipality in the province of Huila, Angola needs an investment of US$100 million, Angolan daily newspaper O País reported citing Dinis Santos director of Empresa Nacional de Ferro de Angola (Ferrangol).

The gold mining project, called Mpopo, has been handed over to Angolan precious metals company Somepa, which between 2010 and 2013 conducted prospecting, More

Angolan business mission takes part in Guangzhou Fair, China

A delegation of the Angola-China Chamber of Commerce, led by President Arnaldo de Sousa Calado, is participating in the Guangzhou Fair, Guangdong province in southern China, which runs until 4 November, announced the chamber.

The mission includes about 300 entrepreneurs and 50 Angolan companies seeking partnerships and business opportunities in sectors such as the food industry and agriculture, among others.

“The fair, one More

Italy’s ENI to extract more oil in deep waters in Angola

Italian group ENI will begin to extract more oil in deep waters in Angola’s offshore areas, with the future entry into operation of a floating production, storage and offloading vessel (FPSO) for oil and natural gas, the group said in a statement.

The FPSO vessel, built in Singapore by Meppel, has a storage capacity of 1.8 million barrels of oil and will More

China donates agricultural centre to Angola

China has donated US$10 million to Angola for the construction of Agricultural Technology Demonstration Help Centre, under a agreement signed in Luanda by the director of the exchange office of the Ministry of Agriculture, Olinda Graciete dos Santos Sobrinho and the economic and business adviser to the Chinese Embassy in Angola, Li Yongjun.

At the end of the ceremony, which took place More

Government of Angola seeks alternatives to suspended Brazilian funds

The Angolan government is looking for alternative financing solutions following the suspension of a credit line from Brazil for public works in Angola, said Monday in Luanda the minister of Energy and Water, João Baptista Borges.

The National Bank for Economic and Social Development of Brazil (BNDES) announced recently it had decided to suspend payment of US$4.7 billion for 25 projects in More

Capital market wants to help finance the Angolan government

Projecto Bonds (Bonds Project) could help the government of Angola to raise funding for public works related to energy, water supply, sanitation and road and rail transport, said in Luanda the chairman of the Capital Market Commission (CMC).

The CMC recently signed a memorandum of understanding called Projecto Bonds with Banco Económico (former Banco Espírito Santo de Angola), Millennium Atlântico and Standard More