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Angola Asserts Independence in OPEC+ Oil Quota Dispute
Angola's representative to OPEC announced that the country has rejected the oil production quota proposed by the organization for 2024.
Angola plans to maintain its...
OPEC+ Navigates Oil Production Dilemmas, Eyes on Angola and Nigeria
OPEC+ met on Thursday to resolve a deadlock on oil production quotas, debating further reductions to stabilize falling oil prices.
Saudi Arabia, a pivotal member,...
Angola’s Kwanza: A Period of Growth Amidst Instability
Analysts at the Economist Intelligence Unit (EIU) predict that the Kwanza, Angola's currency, will remain unsteady from 2024 to 2028.
They also forecast an average...
Angola Faces Inflation Hike and Interest Rate Adjustments
Oxford Economics projects Angola's inflation to increase, reaching 18% by the end of this year and 20.3% in early 2024.
To address this, the National...
TAAG Expands Angola-Brazil Flights for Enhanced Connectivity
TAAG, Angola's national airline, is set to increase its weekly flights between Luanda and São Paulo to six starting December 11.
This move enhances mobility...
Angola Central Bank Hikes Interest Rate to Combat Inflation
Angola's central bank has increased its benchmark interest rate to 18%, a rise from the previous 17%.
Governor Manuel Tiago Dias announced this decision to...
Hilton’s Strategic Expansion into Angolan Market
Hilton Hotels is entering Angola's market, partnering with Grupo Veleiro on a $150 million venture.
This initiative will transform the current Jango Veleiro Restaurant site...
Angola Sees High Interest in Oil Block Tender
Angola's National Agency of Petroleum, Gas, and Biofuels (Anpg) received 53 bids for oil exploration.
These bids are for 12 onshore oil blocks in the...
Angola Eases Travel with Visa Waivers and New Airport
Angola recently made travel more accessible by waiving visa requirements for visitors from 98 countries, including Brazil.
This policy allows stays of up to 30...
Angolan Sonangol Restarts Kwanza Basin Operations
Sonangol, an Angolan oil firm, has resumed activities in the KON-11 block of the Kwanza basin.
The company completed drilling the "Tobias-13" well to a...
Angolan President Aims for National Airline TAAG to Fly to U.S. Cities
Angola's President, João Lourenço, wants TAAG, the national airline, to fly to U.S. cities.
He sees this as part of enhancing Angola's ties with the...
Angola’s Wealth Unmatched by Economic Progress
UNITA's leader, Adalberto Costa Júnior, announced Angola's deep economic crisis and the fading reality of diversifying its economy.
He spoke at a conference addressing the...
Angola’s Lulo Mine’s Diamond Sales Drop
Lucapa Diamond Company, overseeing Angola's Lulo mine, recorded a $14.6 million decline, representing a 43% drop in diamond sales this quarter.
Also, diamond production saw...
Angola’s $17.2 Billion Plan to Light Up Half the Nation
Angola plans to invest $17.2 billion to increase its electricity access to 50% by 2027.
Energy Minister João Baptista Borges made this announcement at a...