Rail connection to Luanda’s new airport begins on November 7
Railway circulation between Bungo stations (Luanda) and Dr. António Agostinho Neto International Airport (AIAAN), begins on November 7th, three days before the date scheduled for […]
Angola
Angola takes over coordination of the CPLP Customs Authority
Angola will now lead the coordination of activities for the Customs Administrations within the Community of Portuguese-Speaking Countries (CPLP) for a 12-month period. This was […]
De Beers has identified eight new potential diamond production areas in Angola
De Beers has identified eight new kimberlite deposits in Lunda Sul, Angola, and is in discussions with the Government to sell “some of the best […]
IMF sees Angola growing 2.4% and all PALOP countries record expansion this year
The International Monetary Fund (IMF) forecasts Angola’s economy to grow by 2.4% in 2024 and 2.8% in 2025, both below the regional average. According to […]
Angola plans photovoltaic panel factory
Sonangol and the Chinese company QINGHAI LIHAO CLEAN ENERGY signed a Memorandum of Understanding last Friday, October 18, to develop a project within the photovoltaic […]
Angolan Sodiam raises $13 million from diamond sales
Angola’s State diamond company, Sodiam, raised $12.9 million from the sale of 44 diamonds totaling 1,493 carats. The auction, held on October 16, featured stones […]
Inflation rate in Angola stood at 29.93% in September
Angola’s inflation rate reached 29.93% in September 2024, a sharp increase of 14.92 percentage points compared to the same period in 2023, according to data […]
Angola seeks return of nearly $2 billion from multiple countries, including Portugal
Angolan President João Lourenço announced on October 15 that Angola has formally requested the return of an additional $1.9 billion from countries including Portugal, Bermuda, […]
Angolan bank with drop in profitability and exposure to sovereign risk
The Angolan banking sector remained resilient in the second quarter of 2024 despite facing challenges such as exposure to sovereign risk, increased credit risk, and […]
Angola to present reports on the situation of Human Rights in Gambia
Angola will present reports on its human rights situation during the 81st Ordinary Session of the African Commission on Human and Peoples’ Rights, held in […]