Africa-Press – Angola. The installation of internet services in 16 of Angola’s 18 provinces, through ANGOSAT-2, launched a year ago in Russia, in the week ending Saturday.
The capabilities of the Angolan Satellite allowed telecommunications operators to install more than 150 VSAT terminals (small antennas for internet services), in remote locations in 16 provinces of Angola.
In another area, Press highlighted the approval by the President of the Republic, João Lourenço, of a loan worth 2.7 billion dollars with “Luminar Finance Limited”, from the Israeli group Haim Taib, for project financing, infrastructures and services.
The financing will cover the sectors of public works, energy, natural resources, education, agriculture and agro-processing, water, sanitation, technology and communication, real estate, health and economic development.
Still regarding the country’s rulers, a relevant fact in the economic field was the statements made by the Minister of Finance, Vera Daves de Sousa, in Morocco, according to which sub-Saharan Africa should increase its representation on the Board of Directors of the International Monetary Fund (IMF). ).
This observation was made during his intervention at the Round Table on “IMF Priorities and Policies”, promoted by the Secretary of the American Treasury, Janet Yellen, in the city of Marrakech.
Vera Daves, who is in that country for the annual meetings of the World Bank Group and the International Monetary Fund, stated that there is a legacy that needs to be resolved for the IMF to successfully fulfill its commitment to provide greater visibility to Sub-Saharan African countries in the global macro-economic scenario.
Just this week, the news highlighted Angola’s participation in the 4th Turkey-Africa Economic and Business Forum, which takes place at the Convention Center in Istanbul.
The event aims to increase knowledge of business circles and opportunities and engagements in Turkey and Africa through trade and investment, challenge the Turkish and African private sector to technological, commercial and industrial partnerships, as well as increase interaction between business communities in Turkey and Africa.
It was also highlighted, during the news, the fines valued at 100 million kwanzas, applied by the National Bank of Angola (BNA) to four financial institutions, for non-compliance with rules on exchange rate, prudential and financial conduct.
These sanctions were applied after the investigation and investigation, from July 1st to September 30th, 2023, of a total of 34 sanctioning processes against financial institutions under its supervision by the BNA.
In the business sector, the sale at auction of 1,329.89 carats of diamonds by the company SODIAM was headline news, which raised 22.3 million dollars.
This was the 7th rough diamond auction, held at the SODIAM facilities, in Luanda, and featured productions from the mining companies of Lulo, Kaixepa, Somiluana, Catoca and Luele.
On the other hand, the economic news highlighted the signing of an agreement between the business group OPAIA and the government of the province of Zaire, for the granting of title to 152 hectares of land for the implementation of what will be the largest fertilizer industry in the country.
The factory will start operating in the first quarter of 2027 and is expected to employ 3,500 people locally.
To complete the deal, the OPAIA group will invest 2.2 billion dollars (kz 1.8 billion) and the industry will have the capacity to produce one million 200 thousand tons of fertilizers per year.
Furthermore, Press’s Economic page highlighted the news about the resumption, in 2024, of construction work on the 1,500 residences in the second phase of the “Heróis de Cangamba” Centrality, in Luena, Moxico province.
In the first phase of the project, 425 homes were completed out of the three thousand initially planned, consisting of 50 single-storey houses, 119 duplexes (two floors) and 256 apartments, measuring 100 square meters each, accommodating more than two thousand families.
In another aspect, the statements by the general director of the Institute of Gaming Supervision (ISJ), in Angola, Paulo Ringote, who defended the need to adopt and maintain measures for the practice of responsible gaming, were highlighted.
Available data indicate that accumulated revenue from the gaming sector, in the first six months of 2023, stood at more than four billion kwanzas.
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