Angolan banks’ surplus reserves fell 12% in July
In July 2024, surplus reserves in the Angolan banking system dropped by 12.34% to 614.73 billion kwanzas (approximately 606 million euros), primarily due to reliance […]
Angola
Angolan government privatizes 15% of UNITEL’s share capital
The Angolan government plans to privatize 15% of UNITEL, the country’s largest telecommunications operator, with 2% of these shares reserved specifically for the company’s employees […]
Thirty Elephants Transferred from Namibia to Angolan Reserve Due to drought
Seven elephants were transferred last week from Namibia to the Cuatir nature reserve in southern Angola, due to the severe drought in Namibia, the reserve’s […]
Angola launches $500 million-National Employment Fund
The Angolan government on Tuesday August 6 launched the Angolan National Employment Fund (FUNEA), worth $500 million (€462 million), to create and support public and […]
Angola, Cape Verde sign cooperation agreement on public Administration
Angola and Cape Verde signed a cooperation protocol in Luanda on Monday August 5 on public administration, administrative reform, human resources management, and citizen support […]
Angolan oil revenues fell 20% in June 2024
Angola produced 34.8 million barrels of oil in June 2024, collecting €751 million (714.38 billion kwanzas), a reduction of 20% compared to the previous month, […]
Angola gets AfDB €73 million loan for youths’ employment in agriculture and transport
The African Development Bank (AfDB) will lend Angola $79 million dollars (€73 million) to promote entrepreneurship and youth employment in agriculture and transport, according to […]
Nigeria’s Fuel Subsidy Dilemma Deepens as Debt to Suppliers Soars
Nigeria’s state oil company NNPC faces mounting challenges as its debt to gasoline suppliers has surged to over $6 billion, doubling since April. This financial […]
Angola’s Banana Industry Flourishes at 10th Annual Fair
Angola’s thriving banana industry took center stage at the recently concluded 10th annual banana fair, showcasing the country’s growing prominence in global fruit production. The […]
Southern African Nations Fear Increased Elephant Deaths Due to Drought
Southern African countries, home to the world’s largest elephant population, anticipate an increase in animal deaths due to a severe drought depleting food and water […]