The four executive directors appointed by Emirates Airline are already in Angola to join the new board of directors of TAAG, Angolan Airlines.

The CEO of TAAG, Joaquim Cunha, said the new executive directors would assume their respective positions soon, under the strategic partnership agreement signed in September 2014 between the Government of Angola and Emirates Airline, through which, TAAG will be under the management of a team of executives from Emirates.

The agreement provides for a new governing model for TAAG which will be managed by a nine-member management board: five appointed by the Angolan Government, namely, the Deputy CEO and four non-executive directors while Emirates will represented by four executive directors, that is, the CEO and three directors in charge of the commercial, operation, finance and administrative departments.

Source: ANGOP

The new General Labour Law, approved on June 15 this year, came into force on 14 September. According to the national director of Public Administration, Employment and Social Security, Agostinho dos Reis Amândio, the main objectives of this new law is to promote social justice and the creation of more jobs in order to enhance economic growth.

Speaking at a seminar about the new law, Agostinho dos Reis Amândio, added that the previous labor law was in a historical, socio-economic and political context different from the present, and for this reason a new legal framework was created to provide greater accountability and dignity between employers and employees.

Source: ANGOP

The Japan – Angola Association’s 10th anniversary ceremony held on September 15th, 2015 at the Embassy of Angola.

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H.E. João Miguel Vahekeni, Ambassador of the Republic of Angola

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Mr. Shoichi Tanaka, the President of the Japan-Angola Friendship Association

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Hon. Nobuto Hosaka, Mayor of Setagaya Ward

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Dr. Nobuyuki Miura, the President of Kokushikan University

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Angola and Namibia intend to identify new areas of cooperation and will continue to work to strengthen their parliamentary ties. This was pledged by the Speakers of the Parliament of Angola and Namibia, Fernando da Piedade Dias dos Santos and Peter H. Katjavivi, respectively, during a meeting that took place on the sidelines of the 4th World Conference of Speakers of Parliament held at the United Nations Headquarters in New York from August 31 to September 2.

During his stay in New York, the president of the Angolan parliament also held a meeting with this Kenyan counterpart with whom he discussed, among other issues, the preparations for the Forum of Parliaments of Member States of the International Conference on the Great Lakes Region (ICGLR) which will be held in Angola from December 1-3.

Fernando da Piedade Dias dos Santos also held separate talks and discussed issues of bilateral interest with his counterparts from Brazil, Burundi, Guinea Bissau, Mozambique and Serbia

Source: ANGOP

Angola will host on August 27-28 the Meeting of the Ministers of Finance and Governors of the Central African Banks, the African Caucus. The meeting is an important opportunity for African leaders, represented by their Ministers of Finance, Planning and Governors of the Central Banks, to jointly present in a coordinated and organized way the major and current concerns affecting the economies of the African continent, namely the building of infrastructures and industrialization.

Among the issues scheduled to be addressed by six panels, include the General Overview of the Regional Economy, Economic Transformation and Diversification, Discussion on the 2015 African Caucus Memorandum as well as the Financing of Regional Projects connected to infrastructure.

Angola was formally designated as the leader of the African Caucus Group in 2015 at the event that took place from September 3-4, 2014 in Khartoum, Republic of Sudan.

Founded in 1963 as the African Group of Governors of the World Bank Group and the IMF, the African Caucus aims to strengthen the voice of Governors of African Banks on important issues related to the socio-economic development of Africa, within the Bretton Woods Institutions.

Source: ANGOP

Private investment in Angola will be faster under the new Private Investment Law, adopted on August 11, said the Minister of Economy Abrahão Gourgel.

Speaking about the new law at a seminar held on August 17 on “Private Investment”, Abrahão Gourgel said the role of the National Private Investment Agency (ANIP) will be transferred to ministries and enabling the private investments process to be done faster as ministerial departments will deal directly with investors.

The previous law, according to the minister, enabled Angola to attract a great volume of investments, nevertheless the country faced difficulties in regards to attracting high quality investments. He said the new law sought to eliminate red tape and barriers to private investment as well as regulate the repatriation of capital.

The new Private Investment Law gives priority to partnerships with the private companies and defines what constitutes an Angolan company. According to the Minister, the new law defines as an Angolan company a company in which at least 51 percent of the share is Angolan owned.

Source: ANGOP

The Zambian government’s intention to import, in the near future, oil from the Republic of Angola was the main issue discussed on August 10 at the Presidential Palace in Luanda during a meeting between the Angolan Head of State, José Eduardo dos Santos, and the Zambian Deputy Minister at State House, Mulenga Sata.

Addressing the press after the meeting, Mulenga Sata said that his country currently imports oil and oil by products from the Middle East at a high cost and, in this context, Zambia being a neighbor of Angola “we find it more convenient to import this product from this country.”

“The Republic of Angola has projects related to the construction of oil refineries and we need to take advantage of it, as well as in the chapter of generation of electricity and gas from Angola to Zambia,” he said.

Visiting Angola for the first time, the Zambian official expressed that he was quite impressed with Angola’s current development level.

Source: ANGOP