economy

economy

Iran War Strains African Airlines

Iran War Strains African Airlines

Africa-Press - Angola. The African Airlines Association has warned that the American-Israeli war on Iran has led to rising fuel prices and...
China Turns to African Oil after Iran Ban

China Turns to African Oil after Iran Ban

Africa-Press - Angola. The petrochemical company Hengli, one of the largest independent refining companies in China, has begun shifting towards purchasing oil...
East Africa Budgets Face War and Debt Pressure

East Africa Budgets Face War and Debt Pressure

Africa-Press - Angola. The governments of Kenya, Uganda, and Tanzania have presented their budgets for the fiscal year 2026-2027 amid increasing economic...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - Angola. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
India Buys Oil from West Africa

India Buys Oil from West Africa

Africa-Press - Angola. India has purchased approximately 5 million barrels of crude oil from West Africa and the Middle East through a...
Iran War could Push Oil to $150 a Barrel

Iran War could Push Oil to $150 a Barrel

Africa-Press - Angola. Bilal Shaib, an economic expert, confirmed that the American war on Iran is exacerbating existing crises such as the...
SADC Approves Roadmap to Tackle Market Turmoil

SADC Approves Roadmap to Tackle Market Turmoil

Africa-Press - Angola. Foreign ministers from the Southern African Development Community (SADC) concluded their meetings in Skukuza, South Africa, after three days...
US Extends Africa Growth and Opportunity Act

US Extends Africa Growth and Opportunity Act

Africa-Press - Angola. African exporters have regained access to the duty-free U.S. market after the United States officially extended the African Growth...
Angola Starts Fuel Supply from Cabinda Refinery

Angola Starts Fuel Supply from Cabinda Refinery

Africa-Press - Angola. The new Cabinda refinery in Angola has started supplying the local market with fuel, reflecting Luanda's efforts to reduce...
Angolan Govt Confident in Insurance Sector Growth

Angolan Govt Confident in Insurance Sector Growth

Africa-Press - Angola. The Secretary of State for the Budget, Juciene de Sousa, pointed out on Monday in Luanda the need to consistently generate...