Angolan stock exchange due to start operating in December

Angola’s Debt and Stock Bourse (BODIVA), under the supervision of the Capital Markets Commission, is due to start operating in December of this year according to the chairman of the Board of BODIVA, António Furtado.

According to Angolan state newspaper Jornal de Angola at a meeting with financial market operators Furtado said that the Bourse would initial operate with the Pubic Debt More

Angolan diamond sales rise 20 pct in June

The sale of Angolan diamonds in June totalled US$117 million , which was a rise of 20 percent against May, according to figures form Angola’s Geology and Mining Ministry.

The ministry said Angola sold “over 780,000 carats” or an additional 156,000 carats compared to May.

According to the ministry the rise in sales was the result of a 32 percent increase in diamond More

Angola wants to increase oil production in 2015

Angola plans to produce 1.630 million barrels of oil per day by the end of the year the country’s oil minister, Botelho de Vasconcelos said in Luanda cited by Angolan news agency Angop.

The minister said that as new oil fields started operating production would reach 2 million barrels of oil per day in 2015.

Angola’s oil exports fell by 9.6 percent between More

ESSO invests US$5.1 billion in oil exploration in Angola

US oil company ESSO Angola has invested around US$5.1 billion in setting up the second phase of its “Kizomba Satellite Project Two” (KSP2), initial production at which will be announced at the end of 2015.

The oil project, which will increase Angola’s oil production by over 100,00 barrels per day in 2’15, was set up to produce around 190 million barrels of More

BP invests over US$25 billion in oil exploration in Angola

BP Angola, a subsidiary of the BP Group, has invested over US$25 billion since it started oil exploration in the country said the company’s marketing director, Amílcar da Costa.

Speaking to Angolan news agency Angop at the 31st Luanda International Fair (Filda), da Costa said BP was planning to invest US$15 billion over the next few years, both in new oil areas More

Cabo Verde wants excellent economic and business relationship with Angola

Cabo Verde plans to boost its economic and business relationship with Angola, the Cape Verdean Minister for Tourism, Energy and Industry, Humberto Brito said Wednesday in Luanda.

“Given Angola’s high potential it is important to establish partnerships to boost the two-way relations in a variety of sectors,” said the Cape Verdean minister at the opening session of the 31st edition of the More

Angola raises US$2 billion for national reconstruction


The Angolan government has hired two Angolan banks to set up a financial operation to raise US$2 billion to fund the National Reconstruction Programme, according to a statement from the Finance Ministry.

The statement issued Tuesday said that the government hired Banco Angolano de Investimentos (BAI) and Banco de Fomento Angola (BFA) as “financial consultants” to “structure, set up and intermediate” this More

Angola is the third-largest sub-Saharan financial market

Angola is the third largest sub-Saharan financial market, with assets of US$70 billion, behind Nigeria and South Africa, Angola’s Economy Minister Abraão Gourgel said Tuesday in Luanda.

The minister, who was speaking at the opening ceremony of the 31st edition of the Luanda International Fair (Filda), noted that Angola posted yearly growth of around 3 percent and had a growing middle class, More