Angolan taxis will raise fares in the coming weeks due to a sharp rise in fuel prices, a move that could trigger protests from impoverished Angolans who rely on thousands of 14-seater taxi vans to go to work each day.
The president of Luanda's Taxi (...)
The International Monetary Fund (IMF) said on Friday Angola's economic outlook remained generally favourable, but further steps were needed to create a sustainable fiscal position and reduce inflation.
The IMF said that Angola's foreign exchange (...)
The World Bank revised upwards its growth estimate for oil producing Angola's economy and praised the nation's government for its efforts to increase transparency in one of the world's most corrupt nations, Reuters reported.
World Bank director for (...)
Angola has suspended plans to sell bonds to foreign investors until it concludes a budget review in July that will determine the nation's financing needs, a senior official at Angola's Economy Ministry said on Thursday, according to Reuters.
Angola (...)
At least 12 people were killed after heavy rain triggered flooding, landslides and house collapses in Angola's capital Luanda, the city vice-governor said on Monday.
The rain, which began early on Monday, left dozens of Angolans homeless after (...)
Egypt won the African Cup of Nations for the third time in a row on Sunday after substitute Mohamed Gedo scored in the 85th minute to earn a 1-0 victory over Ghana in the final.
Egypt scored 15 goals and conceded just two on its way to the title (...)
Iraq will more than double crude oil supplies to China next year to over 300,000 barrels per day, Iraq"s oil minister said.
Iraqi oil minister Hussain al-Shahristani told Reuters about the supply target on Tuesday on the sidelines of an OPEC (...)
Angolan President Jose Eduardo dos Santos on Saturday urged his party to implement a zero tolerance policy on government corruption, as Africa"s biggest oil producer struggles to improve its image abroad, according to Reuters.
Dos Santos, who has (...)
US Secretary of State Hillary Rodham Clinton
arrived in Angola on Sunday for a 24-hour visit during which the
subject of oil is expected to be the main topic of discussion, dpa reported.
Angola is the third stage of her seven-country Africa tour (...)
Russia and Angola signed a
series of agreements today in areas ranging from aviation,
to mining and the telecommunications sectors, which are expected
to bolster ties between the former Cold War allies, according to Reuters.
In one of the six (...)
Delays marred Angola's first vote
in 16 years on Friday, a parliamentary election in which the
ruling party is expected to extend its hold of more than three
decades in the oil-rich African nation, Reuters reported.
Long queues formed in the (...)
The Angolan government has formalized a project to produce, launch and operate an Angolan satellite dubbed "Angosat", Xinhua quoted Angola's official news agency ANGOP as reporting today.
The project also includes the creation of human resources (...)
The European Union (EU) has offered Angola one million euros for the execution of a project fighting against HIV/AIDS in Angola's southern Cunene province, Xinhua reported.
Carlos Alberto Bessa, coordinator of the project, told reporters Tuesday (...)
