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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...
Angola’s $6 Billion Leap Towards Energy Self-Reliance
Angola's government has signed a deal with CNCEC, a Chinese company, to build a new refinery. This refinery, known as the Lobito Refinery, will...
Angola’s Debt Service Costs Set to Double in 2024
Next year, Angola will see its debt service costs double to $14.7 billion from $7.27 billion this year.
This information comes from a government document...
Angola’s Ruling Party Blocks Presidential Impeachment Attempt
In a closed meeting, the ruling MPLA in Angola stopped UNITA's bid to impeach President João Lourenço, leading to intense opposition reactions.
Adalberto da Costa...
For the First Time in Angola, a President Faces Impeachment
President João Lourenço is about to address Angola's National Assembly on the state of the nation.
This comes at a historic moment. A president faces...
Angola’s September Inflation Drops to 15.01%
In September, the National Consumer Price Index reported that Angola's inflation rate dropped to 15.01%, marking a 3.15% decrease from the previous year.
The INE...
Israel Urges Angola to Condemn Recent Attacks
The Israeli diplomat in Angola expressed concern over Angola's failure to publicly condemn recent attacks on Israel.
He clarifies that Angola's silence aligns with the...
Angola Calls for Global Alliance to Promote Natural Diamonds
Angola's Mineral Resources Minister, Diamantino Azevedo, has called for unity among countries that produce natural diamonds.
He expressed this need during a meeting in Luanda....
Predator Spyware Allegations Rattle Angola
The Angolan government has not responded to claims of using software to watch its citizens through mobile phones.
A Portuguese newspaper called Expresso first reported...
Angola Shines in World Bank Report Amid Regional Gloom
The World Bank's recent report on Sub-Saharan Africa underscores the region's persistent political and social unrest.
This hurts economic growth, says the report. Yet, Angola...
Angola President Approves Sale of 12 Industrial Sites
Angola's President approved the sale of twelve industrial sites, with eight in Luanda and four in Cabinda.
This move aligns with the 2023-2026 Privatization Program....
Angola’s Economy Stalls in Q2 with Marginal Growth
Angola's Q2 2023 GDP grew by 0.2%, reflecting a meager 0.01% year-over-year increase, indicative of the oil production slump.
Oil and gas lead the economic...
Analysts Predicts Over 20% Inflation in Angola by Year-End
Banco de Fomento Angola (BFA) analysts say Angola might face over 20% inflation by year's end.
They argue that a stabilized kwanza and tighter monetary...
Angola’s Q2 Trade Sees Export Drop, Import Boost
In the second quarter, Angola's exports fell by 17.6%, landing at 4.8 billion kwanzas ($5.76 million).
Meanwhile, imports surged by 25.4%, reaching 2.3 billion kwanzas...