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Economy

  • Fri, 17 Jan 2020 18:26

    Eni takes block 28 of Namibe basin

    Luanda - The National Oil and Gas Agency (ANPG), concessionaire for oil and gas rights in Angola, attributed Block 28 to Eni (as operator, with 60%), as a result of the competitive international bidding round that took place in 2019.

  • Fri, 17 Jan 2020 12:17

    Sonangol, Gemcorp sign partnersip deal for Cabinda refinery

    Luanda - The state run-oil firm Sonangol and the Gemcorp Capital LLP signed last Thursday in Luanda a partnership agreement providing for the construction of Cabinda refinery.

  • Fri, 17 Jan 2020 11:59

    Agogo field starts oil production

    Luanda - The Agogo field, located at Angolan offshore, more precisely in Block 15/06, started last Thursday the commercial exploitation of the block’s crude oil, with an initial production of 10,000 barrels per day, nine months after its discovery, announced the Oil, Gas and Biofuels National Agency (ANPG).

  • Fri, 17 Jan 2020 10:47

    Unpaid credit recovery pushes resumption of normal financing

    Luanda - The unpaid credit recovery, through making debtors accountable, will enable banks to have liquidity and strategies to return to providing credit to the economy and participate more effectively in financial inclusion, Finance minister, Vera Daves, said last Thursday.

  • Thu, 16 Jan 2020 20:35

    INAMET invests USD 60 million in modernization program

    Luanda - At least USD sixty million is the amount that the National Institute of Meteorology and Geophysics (INAMET) expects to spend in the first phase of its modernization and transformation, which has been ongoing for more than a year, said Thursday the minister of Telecommunications and Information Technologies, José Carvalho da Rocha.

  • Thu, 16 Jan 2020 18:33

    SADC lacks satellite sharing policy

    Luanda - The southern region of Africa lacks a policy on satellite sharing, an instrument that could help in solving common economic and social problems, said the Secretary of State for Telecommunications, Mário Oliveira, in Luanda.

  • Thu, 16 Jan 2020 14:05

    Book on Informal Economy to be released

    Luanda - A book entitled “The Power of Informal Economy” by the Angolan economist Juliana Evangelista Ferraz will be released on January 30 this year.

  • Thu, 16 Jan 2020 10:06

    Claúdio Paulino dos Santos new Tax Administration CEO

    Luanda - Finance minister Vera Daves swore in last Wednesday, in Luanda, Claúdio Paulino dos Santos in the post of General Tax Administration (AGT) CEO, to whom she requested commitment concerning the Executive's revenue collection goals.

  • Wed, 15 Jan 2020 20:15

    Endiama negotiates De Beers return

    Luanda - The Angolan National Diamond Company (Endiama) is negotiating the return of De Beers to Angola and the entry of Rio Tinto, the world's largest mining companies, announced the chairman of Endiama's board of Directors, Ganga Júnior.