Friday 24 November 2017
(Macauhub 08/08/17)
The Angolan company Aenergia, established in 2012 and a partner of the American General Electric group, has been contracted by the Angolan government to supply solar power equipment for use in remote areas of the country, per the terms of a presidential authorisation. The US$114.2 million deal covers the supply and installation of industrial generators, home generators and photovoltaic generation kits, as well as technical assistance. The contract with the Energy and Water Ministry includes the supply of equipment to set up distribution networks involving power systems isolated from national coverage. Lusa news agency has reported that the May 2014 population census concluded that only 1.7 million dwellings (31.9 percent of the total) had guaranteed access to the electric power...
(Angola Press(En) 08/08/17)
National and foreign election observers that will monitor the general election on August 23 this year will benefit from a capacity building seminar in the coming days. The information was released on Sunday in Luanda by the CNE spokeswoman, Júlia Ferreira, during the start-up of the accreditation process ceremony of the electoral observers, having estimated that the event will take place August 21. She stressed that during the seminar, the electoral observers will be trained on judicial and legal issues, in order to know better the Angolan legislation. According to her, this action aims at equipping the electoral observers with sufficient content on Angolan legislation and the rules of the electoral process so that on the voting day they can...
(Reuters (Eng) 08/08/17)
Tuesday's action at the World Athletics Championships sees two of the most intriguing races of the program as South Africa's Wayde van Niekerk bids for the first half of his 400/200 meters double and Nigel Amos goes for gold in the men's 800m. World record holder and defending champion Van Niekerk should be unbeatable in the 400m but faces a stiff challenge, not least from Botswanan duo Isaac Makwala and Thebe Baboloki. Another Botswanan, Amos, will also have to be at his best in the 800m, where a clutch of athletes are suddenly dreaming of glory in the absence of Kenya's injured champion David Rudisha. Kenya is expected to continue its dominance of the men's 3,000m steeplechase - though American...
(AFP (eng) 08/05/17)
Angolan President Jose Eduardo dos Santos, who steps down from office at the end of this month, on Friday officially opened the country's largest hydro-electric dam. Being built by Brazilian conglomerate Odebrecht at an estimated cost of $4.3 billion, it is designed to produce 2,070 megawatts and aims to reduce power outages in Angola, a major oil producer. It will be one of the most powerful plants on the African continent and the first two of six turbines on the Lauca hydroelectric dam, built on the Kwanza River, were switched on Friday. It is the third dam built on the Kwanza and should be fully operational by next year. Dos Santos appeared in good health but did not speak, according...
(Xinhuanet 08/03/17)
Trade between China and Africa reached 85.3 billion U.S. dollars in H1, surging 19 percent year on year as the two sides strengthened cooperation in a wide range of areas, official data showed Thursday. The data reversed the negative growth trend since 2015, according to Gao Feng, spokesperson with the Ministry of Commerce. During January-June, Chinese imports from Africa, including minerals, agricultural products and fruits, amounted to 38.4 billion U.S. dollars, jumping 46 percent from the same period last year, while exports gained 3 percent to 47 billion U.S. dollars. Transport equipment has become a bright spot in China's exports to African countries, with that of ships, trains and aerospace equipment up 200 percent, 161 percent and 252 percent respectively,...
(Reuters (Eng) 08/02/17)
Odebrecht SA, the Brazilian conglomerate selling assets in the wake of a corruption scandal, has agreed to sell a 16.4 percent stake in the world's No. 4 diamond mine to a partner, a person with direct knowledge of the transaction said on Tuesday. According to the person, Odebrecht decided to exit Sociedade Mineira de Catoca Lda to raise cash to meet a 12 billion-real ($3.84 billion) asset sale goal for year-end 2018. State-controlled Empresa Nacional de Prospecção, Exploração, Lapidação & Comercialização de Diamantes de Angola EP, a partner in Catoca, bought the Odebrecht stake, the person added. The deal was confirmed by another person, who declined to elaborate on terms. Bankers and lawyers had estimated the value of Odebrecht stake...
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys his beans from Monmouth Coffee Company in Borough Market. "I love it because of the relatively higher acidity level. It keeps me active in the afternoons." Customers willing to pay a premium for African brews, known for their floral, fruity...
(AFP (eng) 08/01/17)
Angola has agreed to allow just four experts from the European Union to monitor its elections later this month, officials said Monday, after a dispute over access to polling stations and other conditions. Two weeks ago, the Angolan government rejected any EU observer mission, but it agreed to the small number of monitors after extended talks. "The EU will only send a small mission of experts to mark its presence in Angola during the electoral process," a European diplomatic source told AFP. "We cannot really speak of observers, only experts. A real mission of observers is 200 people." Joaquim do Espirito Santo, a senior foreign ministry official, confirmed the new agreement for a team of four. "We want the EU...
(Financial Times 08/01/17)
Profits at BP fell by 5 per cent in the second quarter, compared with last year, as the UK oil and gas group paid the price for a cancelled project in Angola. However, the earnings comfortably exceeded analysts’ consensus expectations, adding to the forecast-beating results from BP’s European peers Royal Dutch Shell and Total last week. Profits on a replacement cost basis — the main measure tracked by analysts — was $684m, down from $1.5bn in the first quarter and $720m in the same period last year. Analysts had, on average, expected profits of $500m. The results were dented by a $750m write-off related to BP’s decision in June to relinquish its 50 per cent stake in a gas-rich exploration...
(Reuters (Eng) 08/01/17)
This is after Luanda failed to agree to a package of conditions, including access to all parts of the country during the poll, an EU spokesperson said. The European Union has scrapped plans to observe elections in Angola next month, after Luanda failed to agree to a package of conditions, including access to all parts of the country during the poll, an EU spokesperson said on Friday. The EU expects instead to send a smaller team of experts to assess the elections on 23 August, but the team will consist of no more than five people and will not provide an in-depth account of the electoral process. “Notwithstanding positive discussions with the Angolan side, the conditions for deployment in accordance...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands in 2015. The British broadcaster said the bribery was revealed by a former employee, Paul Hopkins. At the time, BAT said “we do not tolerate corruption in our business, no matter where it takes place.” The SFO investigation adds to...
(Angola Press(En) 07/31/17)
The presidential candidate of the ruling MPLA, João Lourenço, last Sunday afternoon pledged to build a country with less inequalities and reduce poverty. Speaking at the party's radio campaign spot, in the ambit of the upcoming 23 August polls, João Lourenço explained that a more just country will be achieved through the good use of the resources of each district, municipality and province, as well as through investments that guarantee employment. He went on to say that the reconstruction process is in progress already, with highlight on demining, construction of roads, bridges, hospitals, schools and the re-launch of Angola's economy.
(Bloomberg 07/28/17)
Jose Eduardo dos Santos is set to maintain control from behind the scenes when he steps down as Angola’s president next month after almost four decades in office. Dos Santos will until at least 2018 still be leader of the Movement for the Liberation of Angola, or MPLA, the party that has ruled the southern African nation since its independence from Portugal in 1975. And, this month the government pushed a law through parliament that may enable his appointees to remain in charge of the security services. “Dos Santos has no intention of giving up power,” Gary van Staden, an analyst at NKC African Economics in Paarl, outside Cape Town, said by phone. “He intends to keep the levers that...
(Reuters (Eng) 07/28/17)
Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said on Thursday. The Securities and Exchange Commission said Halliburton's former vice president, Jeannot Lorenz, separately agreed to pay a $75,000 penalty in connection with the alleged violations of the Foreign Corrupt Practices Act. Both the company and Lorenz are settling the case without admitting or denying the allegations. In a statement, Halliburton said the Justice Department had also investigated the matter and was planning to close it out without filing related criminal charges. The probe began after the company received an anonymous allegation about possible FCPA violations...
(Reuters 07/28/17)
The European Union has scrapped plans to observe elections in Angola next month, after Luanda failed to agree to a package of conditions, including access to all parts of the country during the poll, an EU spokesperson said on Friday. The EU expects instead to send a smaller team of experts to assess the elections on Aug. 23, but the team will consist of no more than five people and will not provide an in-depth account of the electoral process. "Notwithstanding positive discussions with the Angolan side, the conditions for deployment in accordance with our methodology have not been met, therefore the EU will not deploy an Electoral Observation Mission," a spokesman for the EU's mission in Angola told Reuters...
(Reuters (Eng) 07/28/17)
Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 percent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15 percent, ending more than 90 years as a major presence in the continent as it shifts its focus back to Britain and the United States. The losses from the sale of unwanted assets including the Africa business showed the costs...
(Reuters 07/27/17)
WASHINGTON (Reuters) - Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said on Thursday. The Securities and Exchange Commission said Halliburton's former vice president, Jeannot Lorenz, separately agreed to pay a $75,000 penalty in connection with the alleged violations of the Foreign Corrupt Practices Act. Both the company and Lorenz are settling the case without admitting or denying the allegations. In a statement, Halliburton said the Justice Department had also investigated the matter and was planning to close it out without filing related criminal charges.
(Angola Press(En) 07/27/17)
At least USD 13.9 million have been released by the United States for relief aid to the refugees from the neighbouring Democratic Republic of the Congo based in Angola. This was disclosed Wednesday in Luanda by the US ambassador to Angola, Helen La Lime. According to the US diplomat, the above fund was meant to finance the offices of the High Commissioner for Refugees and the World Food Programme, and enable them to secure food, water, healthcare and shelter for thousands of DRC refugees. Speaking at a press conference, Helen La Lime said this aid is a response to a UN call of June this year for Usd 65.5 million to assist the DRC refugees in Angola until the end...
(Angola Press(En) 07/27/17)
At least 10.150 kwanzas is the amount collected during the cattle auction held on Tuesday in Cahama municipality in Cunene province, aimed at facilitating the breeders in the process of sale of animals. The information was provided to Angop by the coordinator of the event, Augusto Quipuko, noting that of the 11 lots exposed, four were auctioned. This included races such as Brahamen, White, Mix, Bousmara Santa Gertudis, Simba, Zebu and nationals. The auctioned cattle will be used for breeding, providing new jobs and income for families. "These events, besides representing a space for regularization and exchange of experience among breeders, promote cattle breeding, domestic production and facilitate the exchange and sustenance of livestock and farm management", he said. The...
(Angola Press(En) 07/27/17)
The State-run Media have been conveying a message that allow the citizens to adopt a polite and civic attitude in the electoral process. The recognition was expressed by delegate of the Interior Ministry in south-east Cuando Cubango province Commissioner Domingos Ferreira de Andrade. The senior official of Interior Ministry said so at a meeting with representatives of MPLA, UNITA, PRS and APN parties. The event was intended to discuss the Interior Ministry's guidance on the conditions for holding the general elections. Hel advised political parties to educate their militants and sympathisers to respect for difference and the symbols of their opponents, ensuring a peaceful and favourable environment for democratic coexistence. The official warned that each citizen's vote is conscientious, and...

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