05 December, 2016      19:30 GMT +1 Luanda
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2016 / 12 / 05
Angola’s 2016 State Budget comes up for final vote on 14 December
Angola’s parliament is scheduled on 14 December for a final vote on the draft State Budget Law for 2017, after its approval in general terms in a plenary on 17 November, according to a decision of National Assembly. The bill includes expenses of 7.3 billion kwanzas (US$43.784 billion) focusing on...
News
2016 / 12 / 05
A presence in Africa is one of the main factors that has attracted Chinese investors to the privatisations of Portuguese companies in recent years, and investment is expected to continue, according to journalists Anabela Campos and Isabel Vicente. This summary of privatisations, especially during t...
2016 / 12 / 02
Angolan state oil company Sonangol needs to undergo financial restructuring and US$1.569 billion to guarantee payments until the end of this year, said on Thursday in Luanda the chairman of the Board of Directors, Isabel dos Santos. Dos Santos also said that revenues from Sonangol have been falling...
Angolan oil company Sonangol needs US$1.569 billion to guarantee payments until the end of the year
2016 / 12 / 02
The Lassola textile company, formerly Africa Textil, began operating on Wednesday to manufacture towels, sheets and blankets, after a stoppage period of 16 years, Angolan news agency Angop reported. The factory located in the city of Benguela, which employs 220 workers, will produce 1.2 million tow...
2016 / 12 / 01
The Industrial and Commercial Bank of China (ICBC) has granted a loan of US$4.5 billion to Angola to finance the construction of the Caculo Cabaça hydroelectric dam, under a contract signed on Wednesday in Beijing, the Angolan press reported. Finance Minister Archer Mangueira, who signed the loan ...
Chinese bank fund construction of dam in Angola
2016 / 12 / 01
The Monetary Policy Committee of the National Bank of Angola (BNA) decided to keep key interest rates in the country, such as the BNA rate, which remained at 16%, the Angolan central bank said on Wednesday in Luanda. The marginal lending facility interest rate was kept at 20.00% and the facility se...



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