economy

economy

South Korea to Fund Upgrade of Angola'S Fishing Sector

South Korea to Fund Upgrade of Angola’S Fishing Sector

Africa-Press - Angola. South Korea's EximBank has made available a total of 1 billion US dollars credit line to fund the modernization of the...
19 of 35 Minerals on Angola'S Geological Map Explored in Huila

19 of 35 Minerals on Angola’S Geological Map Explored in Huila

Africa-Press - Angola. At least 19 of the 35 mineral resources on Angola's geological map are being explored, others in the final stages of...
Angola and United Kingdom Strengthen Public-Private Partnerships

Angola and United Kingdom Strengthen Public-Private Partnerships

Africa-Press - Angola. Angola can now count on the technical and institutional expertise of the United Kingdom (UK) to promote cooperation in the field...
SIAC Collects over AKZ 2.37 Billion for Treasury'S Single Account

SIAC Collects over AKZ 2.37 Billion for Treasury’S Single Account

Africa-Press - Angola. The Secretary of State for Public Administration, Domingos Filipe, reported on Monday in Luanda that over 2.37 billion kwanzas were collected...
Sovereign Wealth Fund Records USD 23.5 Million Reduction in Net Income

Sovereign Wealth Fund Records USD 23.5 Million Reduction in Net Income

Africa-Press - Angola. The Angolan Sovereign Wealth Fund (FSDA) closed the 2024 fiscal year with a net income of USD 175.8 million, a reduction...
Sovereign Wealth Fund'S Investment Portfolio Yields 9.5% in 2024

Sovereign Wealth Fund’S Investment Portfolio Yields 9.5% in 2024

Africa-Press - Angola. The Angolan Sovereign Wealth Fund's (FSDEA) net investment portfolio posted a 9.5% return in 2024, exceeding the projected 5% target, the...
Soyo Gas Treatment Center Prepared for First Loading

Soyo Gas Treatment Center Prepared for First Loading

Africa-Press - Angola. Construction work on the Gas Treatment Center (CTG) in the municipality of Soyo, northern Zaire province, will be completed in October....
Lunda Norte Governor Highlights Improvements in Access Roads

Lunda Norte Governor Highlights Improvements in Access Roads

Africa-Press - Angola. Filomena Miza, the governor of Lunda Norte, said that improving transport links by rehabilitating and building primary and secondary roads offers...
Angola'S Account Balance at USD 294.4 Million Q2

Angola’S Account Balance at USD 294.4 Million Q2

Africa-Press - Angola. Angola's current account balance recorded a surplus of 294.4 million US dollars in the second quarter of 2025, equivalent to 0.8%...
Nasarawa State Seeks Cooperation with Bengo Province

Nasarawa State Seeks Cooperation with Bengo Province

Africa-Press - Angola. The Nigerian State of Nasarawa is interested to cooperate with the Province of Bengo, Angola’s north-west, in the areas of agriculture,...