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 […]
Angola
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 […]
South Africa: Zuma visits Angola for strategic talks
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
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 […]
The top 10 of the most expensive cities in Africa, Luanda the number one in the world!
New York, London, Moscow, Paris, Tokyo are no more the most expensive cities in the world than Luanda, the capital of Angola. According to the […]