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Economy

  • Fri, 13 Dec 2019 17:00

    Angola assembles telephones in 2020

    Luanda - The Angolan company Fonecom and the Chinese Xiaomi will assembles in Angola, as from 2020, 100.000 phones, announced Angolan investor Horácio Moniz.

  • Fri, 13 Dec 2019 12:24

    Minister recommends stringent budget management

    Luanda - Angola's Finance minister Vera Daves has asked for strict management in Akz 15.9 billion-State Budget (OGE) for 2020.

  • Fri, 13 Dec 2019 10:02

    Angola pays off full debt to Brazil

    Luanda - The debt of US $ 589 million that Angola had with the Federative Republic of Brazil has already been paid off, the Ministry of Finance announced on Thursday, in Luanda.

  • Thu, 12 Dec 2019 13:12

    Research presents Angolan coffee potential, challenges

    Luanda - A study on the coffee sector in Angola indicates that its underdevelopment is due to low levels of production mechanization, advanced age of plantations and poor post-harvest processing infrastructure.

  • Thu, 12 Dec 2019 12:41

    Development Bank dismisses over half of 40 submitted projects

    Luanda - The Angola Development Bank (BDA) ruled out more than half of 40 projects that compete for Deutsche Bank's US $ 1 billion credit line, equivalent to 356 billion kwanzas, as they do not meet the necessary conditions.

  • Thu, 12 Dec 2019 10:28

    Funds for interventions in municipalities confirmed

    Menongue - About US $100 million, out of the one billion already made available by the Sovereign Fund to the Central Bank (BNA), is in the National Treasury for the implementation of the Integrated Municipal Intervention Plan (PIIM), revealed last Wednesday, in the south-eastern Cuando Cubango Province, the Finance minister Vera Daves.

  • Wed, 11 Dec 2019 18:13

    Angola elected to WFP executive committee

    Luanda - The Republic of Angola has been elected to the World Food Program (WFP) Executive Committee, whose mandate starts in January 2020 and extends until December 2021.

  • Wed, 11 Dec 2019 18:08

    Entrepreneurs can contribute to country's development

    Ondjiva - The Minister of Commerce, Joffre Van-Dúnem Júnior, defended on Wednesday, in Ondjiva, the creation of a more dynamic business class, focused on improving the business environment and the socioeconomic development of the country.

  • Wed, 11 Dec 2019 17:29

    Angola reduces imports by 10%

    Luanda - The volume of the country's total imports fell by 10 percent from January to October this year, compared to the same period last year, said Deputy Governor of the National Bank of Angola (BNA), Tiago Dias.