Category Archives: Trading

Unpaid credit recovery pushes resumption of normal financing

Luanda The unpaid credit recovery, through making debtors accountable, will enable banks to have liquidity and strategies to return to providing credit to the economy and participate more effectively in financial inclusion, Finance minister, Vera Daves, said last Thursday.

Data from the Angolan banking sector show that the volume of …

Agogo field starts oil production

Luanda The Agogo field, located at Angolan offshore, more precisely in Block 15/06, started last Thursday the commercial exploitation of the block’s crude oil, with an initial production of 10,000 barrels per day, nine months after its discovery, announced the Oil, Gas and Biofuels National Agency (ANPG).

The aim is …

Eni takes block 28 of Namibe basin

Luanda The National Oil and Gas Agency (ANPG), concessionaire for oil and gas rights in Angola, attributed Block 28 to Eni (as operator, with 60%), as a result of the competitive international bidding round that took place in 2019.

This result will allow the Italian multinational Eni to further consolidate …

Book on Informal Economy to be released

Luanda A book entitled The Power of Informal Economy by the Angolan economist Juliana Evangelista Ferraz will be released on January 30 this year.

The scientific work presents solutions aimed to speed up the formalising process of economic activity in the country.

The book also comes up with proposals that …