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Economy

  • 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).

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  • 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.

  • Sun, 09 Jun 2019 11:44

    Domestic production reduces pressure on foreign currencies

    Luanda - Finance Minister Archer Mangueira said Monday in Luanda that the use of domestic raw materials reduces pressure on the balance of payments and helps the country accumulate foreign exchange.

  • Tue, 04 Jun 2019 09:28

    FIMMA displays wooden products made in Angola

    Luanda - The first edition of the Fair of Furniture and Timber of Angola (FIMMA) kicks off this Wednesday, in Luanda's Special Economic Zone (ZEE), with the participation of fifty firms specialised in this area.

  • Thu, 28 Mar 2019 18:59

    Africa needs funding for industrialization

    Luanda - State Secretary for Budget and Public Investment, Aiza-Eza Silva said that Angola in particular and Africa in general have a big need for financing for their industrialization, with a view to reducing poverty and improving productivity.