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Economy

  • Angola spends over USD 200 million in clothes importation
    Thu, 20 Feb 2020 11:29

    Angola spends over USD 200 million in clothes importation

    Luanda - Angola spent, last year, USD 170 million importing brand new clothes and USD 65 million for used clothes. These funds could be saved if the country's textile industries were operating in full capacity.

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  • Wed, 19 Feb 2020 18:22

    Textile factories open for public tender

    Luanda - The privatization process of the three textile industries units built with public fund in the provinces of Luanda, Cuanza Norte and Benguela starts from April through an international tender.

  • Sun, 24 Nov 2019 11:04

    Angola spends over USD 2 bln on wages for foreign labour force a year

    Lubango: Angolan State spends USD 2.4 billion each year on transfers of salaries for foreign workforce, said the chairperson of the Angolan Association Industry (AIA), calling for the need to urgently reverse the situation.

  • Mon, 04 Nov 2019 13:43

    Indians invest USD 2 million in Special Economic Zone

    Luanda - The Indian business group Palmentar General Commerce is investing 2.7 million US dollars in a detergent and hygiene products factory, located in the Luanda/Bengo Special Economic Zone (ZEE).

  • Wed, 23 Oct 2019 18:14

    Housing credit can boost construction industry

    Luanda - House loans could help leverage the real estate sector and, consequently, the industry focused on the production of construction materials in the country, the Angolan Industrial Association (AIA) chairperson, José Severino, said Wednesday in Luanda.

  • Thu, 10 Oct 2019 19:20

    Cement factory raises production capacity to 70%

    Luanda - The Kwanza Sul Cement Plant (FCKS), whose current production corresponds to 30% (450.000) of its installed capacity (1.5 million tons / year), will increase this capacity from 2020 onwards 70 percent, announced its director of human resources and administration, Joaquim Manuel.

  • Tue, 03 Sep 2019 16:45

    EKA brewery production drops by 40 percent

    Dondo - The northern Cuanza Norte province-based "EKA" Brewery's production level decreased by 40 per cent, the company's director general, Marc Mayer, said Tuesday.

  • Wed, 21 Aug 2019 16:29

    State receives inactive factories

    Luanda - Textile factories built with public funds and seized by the Attorney General of the Republic, in the provinces of Luanda, Benguela and Cuanza Norte, began to be formally handed over to the state last Tuesday.

  • Sun, 07 Jul 2019 13:07

    Manufacturing industry grows 1.8%

    Luanda - The manufacturing industry in Angola grew 1.8% in 2018, with the start-up of 18 new manufacturing units during 2017, according to a book published Thursday.