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Economy

  • Fri, 05 Jun 2020 14:23

    Angola, Vietnam seeking diversification in cooperation

    Luanda - Angola wants to diversify cooperation with Vietnam, mainly in the areas of textiles, wood processing, mining, tourism, fisheries, agro-industry and telecommunications.

  • Fri, 05 Jun 2020 08:53

    BPC announces plans to lay off 1,600 workers

    Luanda - Savings and Credit Bank (BPC) plans to lay off 1,600 of the 4,820 workers by 2022, according to the company's CEO, who said that the move is part of Recapitalisation and Restructuring Plan.

  • Thu, 04 Jun 2020 17:08

    Entrepreneurs call on government for immediate solutions

    Luanda - The reduction of interest rates, access to credit and currency are aspects that should be included in the priorities of the Angolan government in order to avoid unemployment of the workers of small and medium enterprises.

  • Thu, 04 Jun 2020 14:33

    Cuanza Norte government seeks to avoid EKA brewery shut down

    Ndalatando - The provincial governor of the northern Cuanza Norte, Adriano Mendes de Carvalho, on Wednesday requested a moratorium from the EKA brewery’s managers for consultation with central supervisory bodies ahead of the intended shutdown of the company.

  • Thu, 04 Jun 2020 13:27

    Fishing support centre starts in July

    Mbanza Congo - The fishing support centre under construction since March 2018 in the municipality of Nzeto, Zaire province, will be operational from the second half of this year.

  • Thu, 04 Jun 2020 11:16

    Covid-19: Governor wants youth dynamism

    Malanje - The governor of Malanje province, Norberto dos Santos "Kwata Kanawa", Wednesday, in this city, called on the young people in the project "Stop Covid-19 Patrol", to give more dynamism in the awareness of the people for the prevention of covid-19.

  • Thu, 04 Jun 2020 09:52

    Preliminary phase of Cabinda Refinery construction complete

    Luanda - The preliminary phase of the Cabinda Refinery construction came to a completion in May this year, with the demining, clearing and levelling of 93.9 acres of land in which the facility will be built until 2023.

  • Wed, 03 Jun 2020 12:08

    BPC transfers 80% of bad loans to Recredit

    Luanda - The state-owned Savings and Credit Bank (BPC) last Tuesday transferred to Recredit Assets Management 80% of its bad debt, estimated at 951 billion kwanzas (equivalent to $1.7b).

  • Sun, 31 May 2020 13:37

    EKA brewery to shutdown production in June

    Dondo - The beer company EKA, located in Dondo locality, municipality of Cambambe, in the north-central Province of Cuanza Norte, is considering suspending production as of June this year, due to the increase in operation costs.