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Portugal to receive 200 more tons of bananas produced in Angola

More than 200 tons of bananas produced in the Caxito irrigated perimeter will be exported to Portugal following an initial shipment of 27 tons, the head of Caxito Rega announced, cited by the newspaper Jornal de Angola.

João Mpilamosi said that bananas produced at that plantation “have quality and are accepted in foreign markets, mainly in countries neighbouring Angola”.

Caxito Rega is the More

Lucapa Diamond Company discovers another large diamond in Angola

A top quality 62 carat (12.4 grams) diamond has been extracted at the Lulo concession in Lunda Norte province by Australia’s Lucapa Diamond Company, which functions as operator with a 40 percent stake, the company reported in a statement issued to the market.

The diamond now found is the second large top quality diamond extracted this month at the Lulo mine, though More

Angola’s tax revenue from oil exports reaches US$953 million in January

Last January Angola exported more than 52.25 million barrels of oil at an average price of over US$51, indicates the Finance Ministry’s monthly report on oil sale revenue.

Angola therefore posted an increase of more than 3.3 million oil barrels compared to the month of December 2016, when each barrel was sold for an average of US$44.2, accounting for a state fiscal More

ExxonMobil may help Angola’s Sonangol pay for oil platforms

The ExxonMobil Corporation may help resolve the payment for two oil platforms ordered by Sociedade Nacional de Comubustíveis de Angola (Sonangol) from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME), reports the Angolan newspaper Novo Jornal.

Citing information disclosed in the South Korean press, the Angolan newspaper affirms that the American group is negotiating with Sonangol an advance of US$879 million which More

Chinese entrepreneur and Angolan group invest in maize production in Benguela, Angola

Chinese entrepreneur Deng Xingwu plans to invest along with the Angolan group Ovaxing about US$3 million to produce maize in Benguela province, thereby creating 130 jobs, indicates the investment contract accessed by Lusa news agency.

The contract was approved by order of the Agriculture Ministry and involves Ovaxing; the latter sells 49 percent of its share capital to the Chinese entrepreneur Deng More

National Bank of Angola to allow movement of foreign currency accounts once again


Foreign investors and other non-residents with foreign currency accounts will be able to make use of them through debit transactions to pay for services in kwanzas to foreign residents and money orders or transfers abroad, according to a notice from the National Bank of Angola.

Notice 2/17, of 3 February, also includes the use of foreign currency funds through transfers to accounts More