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Angola’s 2nd International Fisheries and Aquaculture Fair attended by companies from eight countries

Companies from countries such as Brazil, Spain, Norway, Poland, Portugal, Vietnam and Turkey, in addition to Angola, are participating in the 2nd edition of the Angola International Fair for Fisheries and Aquaculture, announced the Minister of Fisheries, Vitória de Barros Neto.

The minister said that the event, taking place from 26 to 29 November 2015, on the premises of the Luanda International More

GE Group may lose deal worth US$350 million with Angola

US group General Electric is likely to lose a US$350 million deal with Angola if the US Congress shuts down the Export-ImpTort Bank, said the group’s president for the transport division.

Russell Stokes, President of GE Transportation, also told the Reuters news agency that if the ExIm Bank is actually closed the company will lose the as yet unsigned contract to supply More

Private company prospects for rare and precious metals in Angola

The contract signed between iron compant Empresa Nacional de Ferro de Angola (Ferrangol) and private company Ozango Minerals for exploration of rare and precious metals in the Angolan provinces of Huambo and Bié, was approved by the Angolan minister of Geology and Mining.

The approval is included in an order from Minister Francisco Queiroz stipulating that prospecting activities by Ozango Minerals will More

Development Bank of Angola guarantees loans to companies

The drop in the international price of oil has had a reduced effect on the objectives of Angolan development bank Banco de Desenvolvimento de Angola (BDA), “as it has a strong treasury,” one of the bank’s board members said in Luanda.

Walter Barros, who was speaking at a lecture for students and exhibitors at the 5th edition of the International Benguela Fair More

Sogester of Angola to manage cargo terminals at the port of Namibe

Sociedade Gestora de Terminais (Sogester) of Angola will invest more than US$21 million in buying machinery and cargo trucks for the port of Namibe, in the south of Angola, according to the legal director of the company.

Alexandre Bala Toto said Sogester would manage the cargo terminals of public company Porto de Namibe, under a partnership with two foreign companies, one from More

Angola plans to produce pig iron in Kuando Kubango

The project for exploration and production of pig iron in the town of Cutato, in the Angolan province of Kuando Kubango, by the Modulax company, has an estimated cost of US$199.5 million, the Managing Director of the company said in Menongue.

Geraldo Basques said the project included two phases, the first of which was installing a blast furnace with a production capacity More

Brazilian group Oi may keep stake in Angola’s Unitel

Brazilian telecommunications group Oi is reassessing the put option on the 25 percent stake it holds in Angola’s Unitel, said the group’s chief executive, Bayard Gontijo, speaking to the Reuters news agency.

Gontijo said that the stake in the Angolan company remains on the list of African assets for sale, but added that the aboard was working on two possible scenarios, one More

Angola exports 1,721 cubic metres of ornamental stone in April

In April Angola exported 1,721 cubic metres of ornamental stone, up from 1,380 cubic metres in March, or an increase of 24.7 percent, according to figures in the Ministry of Geology and Mines bulletin.

The same report cited by Angolan news agency Angop states that the value of sales in the local and export markets amounted to US$617,000, versus US$403,000 a month More