Angola & China state-run oil companies agree 10-year oil deal
China’s state-owned oil company, Sinochem Group said on Wednesday it had signed a deal with Angolan state-owned producer Sonangol to buy crude oil for more […]
Angola
China pledges $60 billion development fund for Africa
Chinese President Xi Jinping, addressing African leaders in Johannesburg on Friday unveils a $60 billion fund to promote cooperation and support development efforts in Africa. […]
Angola issues first Eurobond for $1.5 billion
Angola, sub-Saharan Africa’s second-largest oil producer, launched its first Eurobond on Thursday with the aim of raising $1.5 billion for long-term economic development, the Finance […]
Angola cuts budget by 50% as oil prices fall
The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices. Vice President Manuel Vicente […]
U.N: Egypt and Senegal win Security Council seats
Egypt and Senegal along three other countries were elected on Thursday to the U.N. Security Council during an uncontested vote held at the General Assembly. […]
Angola: Top African beverage can producer targets 100% market share
The Johannesburg-based Nampak Ltd., Africa’s largest maker of beverage cans, said it’s considering an expansion to a drinks container plant in Angola as part of […]
Angola: fresh restrictions on foreign currency outflows
Foreign investors in Angola face new restrictions on the amount of hard currency they can repatriate, the Central Bank governor said, as regulators seek to […]
Orange to connect Benin and Canary Islands with submarine cable
Orange (formerly France Telecom), together with the other members of the ACE consortium, has announced the launch of the ACE cable in Cotonou, Benin and […]
WB provides Angola $650 million to stabilize its economy
The World Bank agreed to give Angola $650 million in financial support to help stabilize an economy that’s reeling from a plunge in oil prices. […]
Angola : Kwanza has to be devalued
Managing Director Anthony Lopes Pinto of Imara Securities’ Angola has signaled that the country has to devalue its currency and raise interest in order to […]