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Angola’s Minister of Industry announces construction of wheat mill

Angola will have a mill with capacity to process 1,200 tons of wheat per day and conditions will be in place for the start of construction in May, the Minister of Industry said Thursday in Luanda.

Bernarda da Silva said at the end of the 3rd Joint Meeting of the Economic Commission and the Commission for the Real Economy of the More

Banco Angolano de Investmentos authorised to trade Treasury Bonds

Angolan investment bank BAI has been authorised to trade treasury bonds previously acquired from the State with other banks, under an agreement signed Thursday in Luanda with the Angolan Debt and Securities Exchange (Bodiva).

In a statement sent to Macauhub, the bank said the agreement signed with Bodiva allows all market participants to have access to the same information, with full More

Angola plans to raise external funding of US$10 billion

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The Angolan government plans to raise US$10 billion to build infrastructure that it considers essential, including a new oil refinery, the Angolan Economy minister told the Financial Times.

“There are projects that have been delayed, others have not yet begun and there are some in progress that will be delayed,” said Abraão Gourgel in an interview with the newspaper, More

Chinese company Citic Construction supports training of young people from Angola

China’s Citic Construction is supporting young Angolans who lack the funds to continue their academic and professional training, said Tuesday in Luanda the deputy director-general of the BN Angola Citic Vocational Training Centre.

Figo Han told Angolan news agency Angop that to date 107 people had been trained in various areas of construction, electricity and machine operation.

That deputy More

Revenue from the sale of diamonds in Angola grows 8.8 pct in January/February

Tax revenue collected by the Angolan state from the sale of diamonds in January and February amounted to US$14.5 million, a year-on-year increase of 8.8 percent from both industrial tax and “royalties,” according to the Angolan General Tax Administration.

In the first two months of the year, Angola sold more than 1.4 million carats of diamonds that generated revenue More

Credit line to support Portuguese companies in Angola available next week

The credit line of 500 million euros approved by the Portuguese government to support companies with payments withheld in Angola will be available next week, Portuguese daily newspaper Público reported.

The newspaper said that the agreement with the banks that will provide the funds, a maximum of 1.5 million euros per company was scheduled to be signed Thursday.

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ConocoPhillips abandons test well in Angola

Two test wells drilled by the ConocoPhillips group, one of which in Angola, have been abandoned due to lack of oil of commercial value, according to a group statement issued Wednesday in Houston, United States.

The Omosi-1 well in deep waters in block 37 of the Kwanza basin was drilled to a depth of 20,666 feet (6,298 metres) and More

Angolan secretary of state calls for more dynamic model for cooperation with China

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Cooperation between Angola and China requires a new pace with the introduction of a more dynamic model “to move from contracts to investment in industrialisation,” the Angolan Secretary of State for Cooperation said on her arrival in Luanda.

Ângela Bragança, who travelled to China as part of the delegation led by the Minister of State and Chief of Staff, More