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Angola
04 August 2020

IMF Postponment of Financial Support to Angola “Very Damaging”
The International Monetary Fund (IMF) has postponed the decision on an extra budgetary financing of USD 0.8Bn to Angola, adding to the country´s liquidity pressures in the next few weeks, at least.
29 July 2020

China Merchants Ports Bids for Port of Luanda Concession
China Merchants Ports, one of the largest container terminal operators in the world, is bidding for the concession of the Port of Luanda´s Multipurpose Terminal. 
28 July 2020

Business Environment Improvement “Critical” for Economic Recovery in Southern Africa
The COVID-19 pandemic in Southern Africa could lead to a fall of 4.9% in economic output in the region in 2020, and an improvement in business environment will be critical for the recovery, according to the African Development Bank (ADB).
27 July 2020

Pensana in Talks With Banks to Add Funding to Angola Rare Earths Project
Pensana Rare Earths is in early stage talks with lenders including Barclays, South Africa’s Rand Merchant Bank (RMB) and funds including Fidelity to secure more funding for its Angola project, its chairman said.
24 July 2020

China´s AVIC Luanda Airport Project to Face Further Delays
The new Luanda International Airport project, in charge of China National Aero-technology International Engineering (AVIC), has been suspended and should be completed only after 2023. 
20 July 2020

China Great Wall Industry Corporation Enters Angola Rare Earths Project
Mining company Pensana has entered into an agreement with China Great Wall Industry Corporation (CGWIC) for the financing, engineering, procurement and construction works for the Longonjo project in Angola.
17 July 2020

Angola Approves USD 1Bi Worth of Industrial Investment
Angola has approved industrial investments worth 1 billion dollars in the last 2 years, according to its Private Investment and Export Promotion Agency (AIPEX).
08 July 2020

Angola and Mozambique Fiscally “Vulnerable” – Fitch Ratings
The global economic downturn has caught Angola and Mozambique very exposed and fiscally "vulnerable", according to Fitch Ratings.
07 July 2020

Angola-Focused Rare Earths Miner Enters London Stock Exchange
Pensana Rare Earths Plc is listed on the London Stock Exchange since Monday, as it seeks funding for its neodymium and praseodymium (NdPr) project at Longonjo, Angola.
03 July 2020

Portugal´s Government takes Control of Efacec from Isabel do Santos and Looks for New Shareholder
The Portuguese government took control of a stake held by Angolan investor Isabel dos Santos in Efacec Power Solutions as it tries to help the manufacturer find a new shareholder, which could be a Chinese company.
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