Wednesday, 28th July 2021


Articles related to economy

Angola's public debt is sustainable: official

Angola's public debt contracted by the government on the external market is sustainable, a finance official of the country said on Wednesday.

During the launch of the Citizen's Budget 2021, Patricio Neto, director of the department of studies and international relations of Angola's Finance Ministry, said the latest assessments made so far by the…

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IMF: Sub-Saharan Africa’s economy to grow by 3.4% in 2021

Sub-Saharan Africa’s economy is expected to increase by 3.4 percent in 2021, recovering from 1.9 percent contraction witnessed in 2020, the International Monetary Fund (IMF) said on Thursday.

According to the latest report titled “Regional Economic Outlook for Sub-Saharan Africa,” the region’s growth will be supported by improved exports and…

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Angola’s Potential $6.4 Billion Sonangol Stake Interests Gemcorp

Angola can expect interest from Gemcorp Capital LLP, which is already invested in the nation’s energy sector, when it offers for sale a potential 30% stake in oil company Sonangol EP. 

Under President Joao Lourenco, one of Africa’s biggest oil producers has implemented reforms in recent years as part of an effort to draw investment and mitigate a…

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Zimbabwe plans to produce 100 MW from wind energy

The Zimbabwean government is mobilising additional funds to undertake an assessment on possible sites for wind farms after initial bids for the project markedly exceeded the budget earmarked for the project, according to Energy and Power Development Minister Zhemu Soda.

In 2017, the Zimbabwe Energy Regulatory Authority (ZERA) invited bids from…

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Angola targets 60% electrification by 2025

Angola is seeking to increase the share of its population with access to electricity.

France and the the World Bnak have underwritten 344 million euros to help connect the provinces of Benguela, Huambo, Huila and Luanda to the national grid.

The southern African country is looking to create a 60% electricity access rate by 2025. 

The beneficiaries…

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