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Angola

Angola seeks return of nearly $2 billion from multiple countries, including Portugal

October 16, 2024 Steven Addamah 0

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

October 15, 2024 Steven Addamah 0

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

October 14, 2024 Geraldine Boechat 0

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

October 10, 2024 Steven Addamah 0

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

October 4, 2024 Geraldine Boechat 0

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

October 3, 2024 Steven Addamah 0

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 […]

Gross credit to the Angolan non-financial sector grew 25% in August

September 27, 2024 Geraldine Boechat 0

Gross credit to Angola’s non-financial sector surged by 25% in August 2023 compared to the same period in 2022, reaching 7.3 trillion kwanzas (€6.9 billion), […]

Biden visits Angola from October 13 to 15 to strengthen economic partnerships

September 25, 2024 Steven Addamah 0

President Joe Biden will visit Angola from October 13 to 15, marking the first visit by a U.S. President to a Portuguese-speaking African nation. This […]

Angolan lawyers appeal to the Constitutional Court to stop law that “compromises” rights

September 24, 2024 Geraldine Boechat 0

The Angolan Bar Association (OAA) announced on September 23 that it has filed an appeal with the Constitutional Court (TC) seeking a constitutional review of […]

Angola’s diamond reserves estimated at over 700 million carats

September 13, 2024 Geraldine Boechat 0

Angola has diamond reserves estimated at 732 million carats, potentially worth $140 billion (125.7 billion euros) at an average price of $200 per carat, according […]

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