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Luanda-Bengo Special Economic Zone: Attracting domestic and foreign investment

Luanda-Bengo Special Economic Zone: Attracting domestic and foreign investment

In an illuminating session moderated by CNBC Africa’s Nostalgic Arendse, Ricardo Carvalho, Director of Business Affairs and Development at the Luanda-Bengo Special Economic Zone, elaborated on the pivotal role this African economic hub is playing...

Expert defends strong brand for Angolan diamonds and bets on demanding markets

Expert defends strong brand for Angolan diamonds and bets on demanding markets

Responding to Lusa about the possibility of selling Angolan diamonds to the US, after the replacement of the Russian company Alrosa, a former partner of Endiama, by Taaden (which belongs to the Sovereign Fund of the Sultanate of Oman), Rapaport...

Agricultural excellence center to be implemented in Angola later this year

Agricultural excellence center to be implemented in Angola later this year

"This center of excellence is an initiative of the United Nations Development Program, the Timbuktoo Foundation and has the support of the Angolan government. The project will accelerate the emergence of agricultural startups, boost distribution...

Minister says Angola's experience in OPEC “was not good”

Minister says Angola's experience in OPEC “was not good”

“OPEC is a cartel, whether we like it or not. And like all cartels, it lives off imposed quotas. Angola was not meeting the quota, it was the quota meeting us. The time would come when we would have to cut production. And that would not be fair to...

IEA questions government decision to extend Tullow Oil's production licence to 2040

IEA questions government decision to extend Tullow Oil's production licence to 2040

The Institute of Economic Affairs (IEA) has raised concerns over indications that government intends extending the production licence of Tullow Oil PLC (Tullow) to 2040, following a recent memorandum of understanding (MoU) signing between the...

Afreximbank: Angola among the five African countries with the most trade

Afreximbank: Angola among the five African countries with the most trade

"The five largest African economies, namely Algeria, Angola, Egypt, Nigeria and South Africa, contributed significantly to the growth of the region's exports, accounting for over 56.6 percent of the continent's total exports in 2024," reads the...

IEA questions gov’t plans of extending Tullow Oil’s production licence to 2040

IEA questions gov’t plans of extending Tullow Oil’s production licence to 2040

By Kizito CUDJOE The Institute of Economic Affairs (IEA) has raised concerns over indications that government intends extending the production licence of Tullow Oil PLC (Tullow) to 2040, following a recent memorandum of understanding (MoU) signing...

Oando posts N933bn in Q1 2025, crude oil production rises by 132%

Oando posts N933bn in Q1 2025, crude oil production rises by 132%

Oando, one of Africa’s leading indigenous energy solutions providers, has posted N933 billion revenue in its Q1 2025 unaudited results. This performance comes in the wake of its recent release of its 2024 FY Audited Financial Statement, where it...

US commercial diplomacy jumps first fence in Angola

US commercial diplomacy jumps first fence in Angola

US commercial diplomacy jumps first fence in Angola Africa Confidential Ahead of the signing of a peace deal on 27 June between Congo-Kinshasa and Rwanda, mediated by Washington and premised on joint mining and processing operations, the United...

Lobito Corridor Railway project, Angola – update

Lobito Corridor Railway project, Angola – update

Name of the Project Lobito Corridor Railway project. Location The railway line extends across Angola for almost 1 300 km between the Port of Lobito to Luau, in eastern Angola, and connects with the rail network run by the National Railway Society...

U.S. and Angola exclude Polisario from Africa business summit

U.S. and Angola exclude Polisario from Africa business summit

At the 17th U.S.-Africa Business Summit held in Luanda from June 22–25, 2025, the United States and Angola decisively barred the participation of the Algeria-backed Polisario Front. The move, applauded by observers, further isolates Algeria...

Angola Becomes Shareholder in AFC

Angola Becomes Shareholder in AFC

Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa's leading infrastructure solutions provider, today announced that the Republic of Angola has become its latest sovereign shareholder. This strategic equity investment further strengthens...

Félix Tshisekedi Champions Investment Drive for DRC at Luanda Summit

Félix Tshisekedi Champions Investment Drive for DRC at Luanda Summit

The US-Africa Summit opened on Monday, June 23, 2025, in Luanda, Angola, under the theme “Pathways to Prosperity: A Shared Vision for the US-Africa Partnership.” The Democratic Republic of Congo (DRC) presented by President Félix Tshisekedi, who...

AfCFTA urges stronger US-Africa partnership to boost production and trade

AfCFTA urges stronger US-Africa partnership to boost production and trade

The Secretary General of the AfCFTA Secretariat, H.E. Wamkele Mene has encouraged United States and African Business and governments to recognize that Africa’s economic future cannot depend on trade alone but must also have production at the...

Group calls for South Toledo mining operation to stop, company representative responds

Group calls for South Toledo mining operation to stop, company representative responds

TOLEDO, Ohio (WTVG) - Residents and political hopefuls are calling for a stop-work order for a South Toledo mining operation, and a representative from the company working the land has a response. It’s peak season for Rocky Ridge Development LLC,...

The US-Africa summit in Angola: rehearsing sovereignty or repeating subordination?

PAUL T. SHIPALE (with inputs by Folito Nghitongovali Diawara Gaspar) A Summit of Symbols and Struggles: The Unsteady Choreography of Power Under the gleaming banner of “Sustainable Partnerships for Inclusive Growth”, the 2025 US-Africa Business...

Spirit of Freedom will make return visit to Angola

Spirit of Freedom will make return visit to Angola

ANGOLA — The “Spirit of Freedom,” a living, breathing, flying exhibit commemorating the Berlin Airlift of 1948-49, is making another return trip to Angola. This genuine U.S. Air Force veteran of the airlift is an important artifact from the...

AfCFTA SEcretary General Calls For Renewed Transformative Partnership With The US To Accelerate Production And Trade

The Secretary General of the AfCFTA Secretariat, H.E. Wamkele Mene has encouraged United States and African Businesses and governments to recognize that Africa’s economic future cannot depend on trade alone but must also have production at the...

More than 800 female students from agricultural institutes will benefit from scholarships of 30,000 kwanzas/month

More than 800 female students from agricultural institutes will benefit from scholarships of 30,000 kwanzas/month

These incentives are part of the Financial Incentive Program for Girls in Agricultural Technical Institutes, within the scope of PAFAR, which was launched this Wednesday in a ceremony presided over by the Minister of Education, Luísa Grilo. "The...

Angolan President Urges USA Firms to Invest Beyond Oil, Minerals

Angolan President Urges USA Firms to Invest Beyond Oil, Minerals

Angolan President Joao Lourenco called on US companies to expand their investments in Africa beyond traditional oil and mineral extraction to industries such as automobiles, shipbuilding, tourism, cement and steel. “American companies operating in...

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