The project to build the new airport of M’banza Congo is at the stage of technical studies by the Transport Ministry, the governor of the Angolan province of Zaire, José Joanes André said Tuesday.
The governor told Angolan news agency Angop that the studies may only be concluded at the end of 2014 but said that the new airport would definitely be … More
The number of Portuguese citizens working in Angola rose more than three-fold between 2007 and 2012, and currently totals over 113,000, Portuguese financial daily newspaper Diário Económico reported citing the International Migration Outlook 2013 report.
According to the report, the number of Portuguese emigrants in Angola in 2007 was over 33,300 and by 2012 this had risen to over 113,000, which is … More
Angola’s National Agency for Private Investment (ANIP) Tuesday in Luanda signed 11 contracts with Angolan and foreign investors worth US$71.7 million, according to Angolan news agency Angop.
The president of ANIP, Maria Luísa Abrantes, said that signing these contracts demonstrated that Angola remained an attractive country for private investors, both from abroad and Angola itself.
Maria Luísa Abrantes noted that the government’s target … More
Angola’s economy has posted exemplary growth amongst its African peers, and is a factor that attracts foreign investment, the Angolan economy Minister, Abraão Gourgel said Tuesday in Luanda.
The minister, who was speaking about business opportunities offered by the State as part of the National Development Plan for 2013/2017, the average rate of gross domestic product (GDP) growth is expected to be … More
The reconstruction of the Benguela railroad cost over US$528 million, the Angolan Minister for Transport, Augusto da Silva Tomás said Friday in the border municipality of Luau (formerly Vila Teixeira de Sousa).
The Minister told Angolan news agency Angop that the figure included reconstruction of the line, with clearing of the route and laying ballast, sleepers and rails, construction of 107 stations, … More
Four Retail Banks – Banco Privado Atlântico, Caixa Geral Totta de Angola, Banco Angolano de Negócios e Comércio (BANC) and Banco Millennium Angola – Monday in Luanda signed the agreement for the “Bankita” range of products.
In a statement, Angola’s central bank said that the four banks had joined the other nine retail banks that launched the project in 2011 – Banco … More
Angolan oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) has hired the Standard Chartered Bank to provide financial consultancy services on its project to build the Lobito Refinery, the state company said in a statement issued in Luanda Monday.
In the statement the company said that it had hired Standard Chartered to prepare the economic model for the project and develop … More
US group Cobalt International Energy said Sunday that during a test on the Lontra oil well, in block 20 in the Angolan sea, “produced a stable flow of 2,500 barrels of condensates and 39, million cubic feet of gas per day.”
Noting that the results of this test had confirmed the discovery of this well in Angola’s pre-salt layer that was announced … More