AngolaPolitics

Foreigners working in Angola to quarantine at home

Foreigners with a work visa will be able to return to Angola and quarantine at home. According to presidential decree no. 229/20, which updates the measures in force in the situation of public calamity in the next 30 days, although Angola keeps its borders closed to…
AngolaEconomy

Angolan investment abroad falls more than 60 percent

Angola’s direct investment abroad contracted by 60.5 percent, from US $ 674.2 million in the fourth quarter of 2019 to 266 million in the first quarter of this year, which means that less Angolans invested abroad. A report by the National Bank of Angola (BNA) shows…
AngolaEconomy

Country profited 23 million with wood business

Angola profited in 2019, with the wood business, about US $ 23 million, of which 9.2 million correspond to payments made in euros, according to the management report and accounts presented by Empresa Pública Florestal Madeiras de Angola (Madang -EP) to the majority…
AngolaChina

Waiting for China to recover the economy

Angolan economist Carlos Rosado de Carvalho considers that Angola has no margin to pay the debt to China and without an agreement with the Asian giant there will be “very violent cuts” in public spending Speaking following the announcement of an agreement between…
AngolaPolitics

UNITA opens doors to Chivukuvuku, but imposes conditions

The party only accepts the return of the record if there is a public justification on the reasons that made it leave the party to found, in 2012, the Wide Convergence of Salvation in Angola (CASA-CE) The secretary general of the largest opposition party, Álvaro…
AngolaEconomy

Paris Club suspends payment of Angola's debt

Luanda now has to obtain from all other official bilateral creditors, namely from China, a debt service treatment that is in line with the agreement with the Paris Club. Representatives of the Paris Club’s creditor countries confirmed the suspension of payments of…
AngolaEconomy

Sonangol to sell luxury hotel in Luanda

Sonangol opened a public tender for the sale of the Talatona Convention Hotel (HCTA), in Luanda. The five-star unit opened in 2009 and represented an investment of 200 million dollars. The public tender is open to national and foreign entities, with the deadline for the…