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Angola
08 August 2022
Exemption of customs tariffs for Angolan exports to China negotiated
Trade between China and Angola grew by 42% in 2021, year on year, reaching USD 23.35 billion, according to the Chinese ambassador in Luanda.
25 July 2022
Angola to earn USD 2 billion from Lobito corridor concession to Mota-Engil
The Angolan state will earn over USD 2 billion with the concession of Lobito corridor to Portuguese infrastructure group Mota-Engil, partly owned by China’s CCCC.
21 July 2022
Hyundai Samho Heavy Industries to deliver tanker to Angola´s Sonangol in 2023
Hyundai Samho Heavy Industries has begun construction of a new oil tanker for Angola´s national energy company Sonangol, to be delivered in March 2023.
18 July 2022
Monetary Authority of Macau enters financial supervision agreement with Banco Nacional de Angola
The Monetary Authority of Macau (AMCM) and the National Bank of Angola (BNA) have entered an agreement in the area of financial supervision.
13 July 2022
Portugal´s Teixeira Duarte and Feel Afrika to invest USD 10M in Luanda hotel
The Teixeira Duarte/Feel Afrika consortium, which won the tender to operate and manage the Talatona Convention Hotel (HCTA), will invest about USD 10 million in the hotel complex.
12 July 2022
African governments owe three times more debt to private lenders than China
African governments owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest, according to research by Debt Justice.
11 July 2022
Mota-Engil wins Lobito Corridor concession in Angola
Portuguese infrastructure group Mota-Engil, partly owned by China’s CCCC, has been awarded the concession of the Lobito Corridor in Angola, a strategic project for the African country´s authorities.
28 June 2022
Angola’s debt to China drops to USD 21.4 billion
Angola's debt to China fell by USD 351 million in the first quarter, to USD 21.4 billion, according to data from REDD Intelligence.
23 June 2022
China Gezhouba Group Company reaches deal with workers at Angolan hydroelectric project of Caculo Cabaça
Workers at the Angolan hydroelectric project of Caculo Cabaça and the management of the Chinese contractor China Gezhouba Group Company (CGCG) signed a collective agreement to improve working conditions.
20 June 2022
Angola seizes stake in nation’s biggest diamond miner from LLI International (China)
Angola has seized a stake in the nation’s biggest diamond miner, from LLI International, a unit of China Sonangol, that was previously a well-connected Chinese investor in the country.
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