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Angola

Angola issues first Eurobond for $1.5 billion

October 23, 2015 Geraldine Boechat 0

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

October 16, 2015 Steven Addamah 0

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

October 16, 2015 Khalid Al Mouahidi 0

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

September 22, 2015 Geraldine Boechat 0

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

August 18, 2015 Steven Addamah 0

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

July 8, 2015 Geraldine Boechat 0

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

July 3, 2015 Geraldine Boechat 0

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

March 3, 2015 Steven Addamah 0

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 […]

South Africa: Zuma visits Angola for strategic talks

January 15, 2015 Geraldine Boechat 0

President José Eduardo dos Santos of Angola welcomed his South African counterpart Jacob Zuma in Luanda as the two countries work towards boosting the relations […]

Angola: China gives state company $2bn

December 19, 2014 Geraldine Boechat 0

State owned energy company, Sonagol, has been given a $2billion loan by the Chinese government to help the company pursue the expansion of its oil […]

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