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Macao magazine



Chinese Chamber of Commerce in Angola calls for Chinese companies to work more closely with local partners


The Chinese Chamber of Commerce in Angola (CCCA) called on Chinese companies operating in the country to work more closely with local partners in order to deepen economic and trade cooperation between the two countries, Chinese state news agency Xinhua reported.

A statement from the CCCA, issued in Luanda on the occasion of the 9th anniversary of the creation of the chamber, More

Angola and China analyse cooperation in Luanda

The Foreign Minister of Angola, Georges Chikoti and the Special Representative of the Government of China for African Affairs, Zhong Jianhua met in Luanda to analyse bilateral relations.

Ambassador Zhong Jianhua said after the meeting that relations between the two countries had seen positive results in terms of economic and trade cooperation.

According to Angolan news agency Angop the Chinese diplomat also said More

Portugal’s exports to Angola fall 26.4 pct in January

Portugal’s exports to Angola in January of this year decreased by 26.4 percent year on year and 32.9 percent against the previous month, according to the National Statistics Institute (INE) of Portugal cited by Angolan state newspaper Jornal de Angola.

In January 2014 sales to Angola totalled 241 million euros (26.028 billion kwanza) and in the first month of 2015 totalled 177 More

ADB finances 863 projects in Angola estimated at over US$1 billion

The Angola Development Bank (BDA) between 2006 and 2014 funded more than 863 projects in Angola linked to agricultural, industrial, commercial and services involving more than US$1 billion, Angolan news agency Angop reported.

The information was provided by Valter Barros, a BDA director in Luanda, who said the industrial sector had received most funding (51 percent) followed by agriculture (35 percent) and More

Drop in oil prices is an economic challenge for Angola

The Secretary of State for cooperation of the Angolan Ministry of Foreign Affairs, Angela Bragança, said in Luanda that the recent drop in oil prices of around60 percent in the last six months is an economic challenge for Angola.

Speaking at a meeting with members of the business mission of the USA-Angola Chamber of Commerce, Bragança said that this had a great More

Portugal’s Visabeira negotiates loan with the EIB to invest in Angola

Portuguese group Visabeira is negotiating a loan of 25 million euros with the European Investment Bank (EIB) to strengthen its cable TV operation in Angola, Portuguese financial daily Diário Económico reported Tuesday.

The chairman of Visabeira Global and vice president of the group based in Viseu, said the group was negotiating “the second phase of a loan from the EIB for a More

ANIP authorises investment of US$1.9 billion by Unitel in Angola

About US$2 billion will be applied by mobile phone company Unitel in the process of expanding its fibre optic network throughout Angola and the introduction of fourth generation (LTE) technology in its services, under a contract signed with the National Agency for Private Investment (ANIP), Angolan news agency Angop reported.

The investment, approved in September 2014, was announced by Maria Luisa Abrantes, More

New visa system makes Angola more attractive to investors and tourists

A Nova Marginal de Luanda

The ongoing process of facilitating the allocation of visas by Angola makes the country more attractive to investors and tourists, creating new sources of revenue, at a time when oil revenues are in decline.

Thanks to the modernisation process of its Immigration Service, Angola is starting to grant multiple-entry tourist and ordinary visas, a measure “warmly welcomed by visitors entrepreneurs and investors,” according to the Economist Intelligence Unit (EIU).