Parliament Approves Law on Private Investment

Photo: Clemente dos Santos

The Angolan Parliament approved on July 23rd, the Private Investment Law, which aims to adapt the system of tax benefits to the current economic dynamics of the country.
The draft bill, which was presented by the Minister of Economy, Abraão Gourgel, will reduce bureaucracy associated with the entry of investments. The bill establishes the general bases of private investment in Angola and outlines the principles and rules for access to incentives and other ...

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New Mining Areas Have Been Discovered

Francisco Monteiro Queirós – Minister of Geology and Mining / Photo: Pedro Parente

New mining areas have been discovered in the provinces of Huíla, Huambo, Kuando Kubango, Kwanza Norte and Kwanza Sul, under the geological survey program currently underway in the country, said the Minister of Geology and Mining, Francisco Monteiro Queiróz, adding that during the first phase of the geological survey program some mineral anomalies were identified in the aforesaid provinces which will be thoroughly surveyed ...

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Angola and France Express Wish to Strengthen Relations

The Heads of State of Angola, José Eduardo dos Santos, and of France, François Hollande, expressed a common desire to strengthen the bilateral relations between their two countries at a meeting held in the Angolan Presidential Palace.

Speaking to the press after the meeting, the Angolan President, José Eduardo dos Santos, said that the two sides also expressed interest in exploring ways to better use the opportunities provided by the 1986 General Cooperation Agreement and other specific agreements.

José Eduardo dos Santos ...

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Over 12 Thousand Kilometers of Roads Have Been Repaired

Photo: Pedro Parante

At least 12,400Km of the main network of roads has been repaired since 2005, according to the Director -General of the Angola Roads Institute (INEA), António Resende.

Speaking at a workshop on “Works and Their Stages in the Construction Sector”, António Resende said that another 7,800km of roads are currently being repaired leaving remaining just 5,600Km of roads to complete the entire the rehabilitation of the 26,000Km long main road basic network.

António Resende added that ...

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More than 80 Municipalities Will Have Electricity

PHOTO: CEDIDA

According to Luís Mourão da Silva, CEO of the Electricity Regulatory Institute (IRSE), the National Electrification Program will bring electricity to 86 municipality throughout Angola by 2017.

Speaking at the Conference on Energy Development for the Community of Portuguese Speaking Countries (CPLP), Silva added that by 2025 Angola’s electrification rate will go from the current 33% to 60%.

Under the national Development Plan (PND) for 2013 – 2017, the country’s energy sector has set aside $3.3 billion ...

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ANGOLA-JAPAN BUSINESS FORUM LUANDA, MARCH 9 – 11, 2015

The Embassy of the Republic Angola in Japan in close cooperation with the Ministry of Economy of the Republic of Angola held in Luanda from March 9 to 11, 2015 the second Angola-Japan Business Forum. This event came as a follow up to the Angola-Japan Business Forum held in Tokyo in September 4, 2013.

The forum featured presentations by top Angolan government officials including the Minister of Economy, Minister of Agriculture, Minister of Transports, Minister of Tourism, Minister of Energy ...

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Program Aims to Build Over 200,000 Houses By 2017

MINISTER OF TERRITORY ADMINISTRATION, BORNITO DE SOUSA / PHOTO: HENRI CELSO

The Angolan National Program of Urbanization and Housing aims to provide to the population, by 2017, about 213,000 houses and 14 new towns across the country to reduce the huge housing deficit.

The information was released by the Minister of Territory Administration, Bornito de Sousa, at the closing ceremony of the 3rd International Conference on Real Estate held in Luanda.

Source: ANGOP

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Angola/LNG Project to Restart By Year End

The Angola Liquefied Natural Gas project (Angola LNG) is expected to resume its works by the end of this year, as the technical issues that stalled the project have been overcome.

The plant, located in the City of Soyo, Zaire Province, is currently undergoing an overall technical evaluation as well as improvements to its entire system.

According to the National Director for Petroleum, Mr. Amadeu Azevedo, the plant aims to increase its current production capacity from 1.8 million b/d to 2 ...

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Angola Hosts Meeting of Kimberley Process

CHAIRMAN OF KIMBERLEY PROCESS, BERNARDO CAMPOS / PHOTO: JOAQUINA BENTO

Angola will host on 22-26 June in Luanda, the meeting of the intercession of the Kimberley Process (KP) that will bring together more than 200 delegates from 82 countries.

The event which has been held annually since the founding of the Kimberley Process (KP) in 2003, aims at assessing the activities undertaken thus far as well as to prepare the issues to be discussed at the plenary session ...

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CAR Defence Minister Thanks Angola’s Support

PHOTO: CLEMENTE DOS SANTOS

The Defence Minister of the Central African Republic (CAR), Marie Noel Kuoyara, thanked on June 5th, in Luanda, the Angolan Government’s support for her country to achieve political stability.

Speaking to the press following a meeting with her Angolan counterpart, João Manuel Gonçalves Lourenço, Kuoyara said that RCA and Angola are brother countries as it was seen during the period of crisis in her country, where Angola helped.

She said that her country has a ...

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