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Angola conducts geological and mining survey

Angola’s National Geology Plan (Planageo) will produce credible processed and mapped information to manage and make use of mineral resources in the long term, the Angolan minister of Geology and Mining said Thursday in Luanda.

Minister Francisco Queiroz said that the information collected by Planageo would be available, in addition to state agencies, to potential investors, academics and other interested parties.

“Planageo is More

Angola imports US$1 billion a year in wine

Angola spends US$1billion every year on importing wine, as national production is still small, according to figures issued Thursday in Luanda, at the inauguration of the second edition of the festival of the Angolan wine sector.

The director of the Angola Wine Festival, Miguel Pinho,noted that the figure was a good representation of a “very large business” in the country, which shows More

Tax reform in Angola increases revenues

Angola’s Executive Project for Tax Reform (PERT) had a cumulative impact of 361.100 billion kwanza (US$3.647 billion) in non-oil tax revenues from 2011 until the end of the first half of 2014, according to official figures.

This impact means that non-oil tax revenue became a significant portion of the State Budget, bolstered by the reform of the Urban Property Tax, the boost More

Angolan government provides guarantee on loan to Companhia de Bioenergia de Angola

The government of Angola has approved a sovereign guarantee of a 70 percent portion of a US$300 million investment by Angolan-Brazilian bioenergy partnership Companhia de Bioenergia de Angola (Biocom), according to a presidential order.

The guarantee is provided due to the creation of the Capanda agro-industrial complex (Malanje province) and to attract “large” projects to the region in order to develop the More

Spanish group Repsol strikes oil in Angola’s pre-salt layer

Spanish oil group Repsol has discovered oil in the first well it has drilled in the pre-salt layer in Angola, in the deepwater Kwanza Basin, the group’s chairman Antonio Brufau said.

The discovery was made in block 22/11, known as “Locosso”, at a depth of over 4,500 meters deep (water, soil and salt layer), in which Repsol has a 30-percent stake and More

Government of Angola wants greater involvement of local entrepreneurs in oil exploration

Angola’s Oil Minister, Botelho de Vasconcelos, has called for Angolan entrepreneurs to have a bigger role in future tenders for contracts for the supply of goods and services in oil operations, ahead of new auctions for oil blocks.

The minister said the companies, rather than providing services for small jobs, should gain more technical and financial capacity in order to take advantage More

Government of Angola purchases energy produced by Biocom for 20 year period

The President of Angola approved the power purchase agreement signed between Companhia de Bioenergia de Angola (Biocom) and power company Empresa Nacional de Electricidade (ENE), in which it commits to purchase all electricity produced by Biocom for 20 years.

The sale of electricity produced by Biocom – located in the municipality of Cacuso, Malanje province – to ENE was made official in More

12th Projekta Angola fair showcases 500 companies

The 12th edition of Projekta, the largest trade show dedicated to the construction, civil engineering, urban planning and architecture sector in Angola, will be held in Luanda from 23 to 26 October with the participation of 500 companies, the fair’s organisers said.

Eventos Arena – Organizaçao e Gestao de Feiras e Eventos said in a statement that the fair, which this year More