IMF sees Angola growing 2.4% and all PALOP countries record expansion this year
The International Monetary Fund (IMF) forecasts Angola’s economy to grow by 2.4% in 2024 and 2.8% in 2025, both below the regional average. According to […]
Angola
Angola plans photovoltaic panel factory
Sonangol and the Chinese company QINGHAI LIHAO CLEAN ENERGY signed a Memorandum of Understanding last Friday, October 18, to develop a project within the photovoltaic […]
Angolan Sodiam raises $13 million from diamond sales
Angola’s State diamond company, Sodiam, raised $12.9 million from the sale of 44 diamonds totaling 1,493 carats. The auction, held on October 16, featured stones […]
Inflation rate in Angola stood at 29.93% in September
Angola’s inflation rate reached 29.93% in September 2024, a sharp increase of 14.92 percentage points compared to the same period in 2023, according to data […]
Angola seeks return of nearly $2 billion from multiple countries, including Portugal
Angolan President João Lourenço announced on October 15 that Angola has formally requested the return of an additional $1.9 billion from countries including Portugal, Bermuda, […]
Angolan bank with drop in profitability and exposure to sovereign risk
The Angolan banking sector remained resilient in the second quarter of 2024 despite facing challenges such as exposure to sovereign risk, increased credit risk, and […]
Angola to present reports on the situation of Human Rights in Gambia
Angola will present reports on its human rights situation during the 81st Ordinary Session of the African Commission on Human and Peoples’ Rights, held in […]
Angola: Constitutional Court grants legal status to Abel Chivukuvuku’s Party
Abel Chivukuvuku’s political movement, PRA-JA Servir Angola, has officially been recognized as a political party by the Angolan Constitutional Court, following its initial rejection in […]
Angola to auction 44 special diamonds electronically this month
In its latest auction, Angola’s state-owned diamond trading company, Sodiam, secured $21.6 million (19.3 million euros) from the sale of 46 special stones weighing a […]
Sonangol expects to have a 10% share of national oil production in 2027
Angolan oil company Sonangol aims to achieve a 10% share of the nation’s oil production by 2027 and is working toward producing 80,000 barrels of […]