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Angola Navigates Oil Export Challenges in Early 2024
In the bustling first quarter of 2024, Angola saw a significant shift in its oil industry, exporting 94.4 million barrels of crude oil.
This marked...
Abu Dhabi Ports To Transform Angola’s Primary Maritime Gateaway
In a landmark deal, Abu Dhabi Ports Group (AD Ports) has committed to a transformative investment in Angola's Port of Luanda, marking a significant...
Angola’s Global Effort to Retrieve $1.9 Billion
Angola is spearheading a major international effort to recover nearly $1.9 billion tied to Carlos São Vicente, a businessman with Portuguese-Angolan roots.
Helder Pitta Grós,...
Angola Eyes 2.8% Economic Growth Balancing a 2.5% Decline in Oil Production
The World Bank projects Angola's economy to grow by 2.8% this year, a significant increase from last year's 0.8%.
This growth is driven by the...
Cuba Aids Angola’s University Sector Revamp
Angola is taking significant steps to improve higher education by recruiting Cuban specialists for its public universities.
This move advances the Angola-Cuba cooperation agreement to...
Angola Acts Against Illegal Diamond Mining
Angola is stepping up its efforts to halt illegal diamond mining, a pressing issue involving around 1.3 million unauthorized workers.
This group, composed mainly of...
Survey Reveals Angolan Families’ Economic Anxieties
Since late 2022, Angolan families have shared their increasing worries about their future economic well-being.
According to an official study, they fear worsening conditions and...
Angola Faces Steep Drop in Current Account Amid Oil Export Slump
In 2023, Angola saw its current account surplus dramatically decrease by 64.2% from the previous year, ending at $4.2 billion.
This significant shrinkage was mainly...
UN’s $646 Million Plan for Angola
The United Nations (UN) targets raising $646 million to partner with Angola from 2024 to 2028.
Planning Minister Victor Hugo Guilherme states that this fund...
Angola Moves to Outlaw Crypto Mining
Angola's lawmakers are gearing up for a crucial vote. They will decide on a bill that could outlaw cryptocurrency mining and related activities.
This upcoming...
Angola’s Unemployment Soars to 31.9%
In the final three months of 2023, Angola's jobless rate climbed to 31.9%, marking a 2.2% increase.
A striking 80.5% of the workforce is in...
Angola’s Strategic Move to Limit Debt Costs by 2026
Angola has embarked on a crucial financial strategy, aiming to significantly reduce its public debt expenditure to under 45% by 2026.
Angola's broader strategy aims...
Angola’s Inflation Hits 18-Month High at 21.99% in January
In January, Angola's inflation hit 21.99%, an 18-month peak, up 9.44 points from last year, says Angola's Statistics Institute.
The Consumer Price Index jumped 2.49%...
Angola’s Privatization Efforts Miss the Mark
Carlos Rosado de Carvalho, an economist, has observed that Angola's Privatization Program (ProPriv) is not hitting its targets.
He notes to the LUSA agency the...