Angola to Restructure Oil Sector
The Angolan Government on Wednesday said it will restructure the state oil firm Sonangol to “increase efficiency and profitability.” According to the country’s oil Minister […]
Angola
Angola: Sonangol Discovers New Offshore Reserves
One of Africa’s largest companies, the Angola National Oil Company (Sonangol) on Thursday said it has discovered a global-scale of oil and gas reserves in […]
Angola Seeks IMF Help to Address Economic Challenges
Angola, Africa’s second largest crude producer, on Wednesday said it plans to start talks with the International Monetary Fund about a loan to help its […]
Kenya Cuts Expenditures to Curb Surging Deficit
Kenyan finance minister on Thursday said the country’s Treasury has sent parliament supplementary spending plans that introduce net cuts of about $493 million, for the […]
Angola: Yellow Fever Kills 37
Angolan national director of health on Wednesday said yellow fever has killed 37 people as Africa’s second-largest crude exporter suffers from the outbreak since December. […]
Some 14 million people face hunger in Southern Africa, WFP
The United Nations World Food Program (WFP) on Monday said it is increasingly concerned about food security for an estimated 14 million people in southern […]
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 […]
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 […]