Archive for the ‘Economy’ Category

As oportunidades de emprego em Angola

February 14, 2012

Andrea Duarte

Formação, recursos humanos, turismo e construção são alguns dos sectores que procuram quadros.

Angola está a crescer e precisa de profissionais qualificados para as áreas das tecnologias da informação, da formação profissional, dos serviços de ‘back-office’ e do turismo. Com uma economia em desenvolvimento e um mercado florescente, o país acolhe os portugueses que emigram para Angola com salários elevados e um ambiente cheio de desafios.

“Angola encontra-se num período de acelerado desenvolvimento comercial e económico”, considera a AICEP, que aponta um crescimento das importações entre Portugal e aquele país, de 2010 para 2011, na ordem dos 82%. “Assim, no âmbito da diversificação da actividade dos sectores económicos que está a ser desenvolvida por Angola, existe uma necessidade estratégica de recursos qualificados”, acrescenta a AICEP. Mais…….

Angola: Development leads to demands

February 14, 2012

By Louise Redvers in Luanda

The government is using its oil revenues to build new cities and hire more teachers, but hundreds of people are taking to the streets calling for political change.

The bay of Luanda is being transformed. New pedestrian- and jogger friendly pathways weave past patches of lush green grass, and a giant concrete flyover has thinned the once-notorious traffic jams that clogged the entrance onto the peninsula known as the Ilha.

After dark, wealthy Angolans and expatriates flock to waterside restaurants to sip overpriced cocktails and enjoy the view of the ever-expanding skyline. More………..

Standard Bank opens for business in Luanda

February 5, 2012

On 27 September 2010, Standard Bank Group opened its first branch in Luanda at Belas Business Park. The branch was opened to initially service the personal banking market. They have since expanded to also offer corporate and investment banking services.

Standard Bank de Angola is part of the financial fabric of the Angolan market with system links to other banks in the country and Angola’s Central Bank. As part of Standard Bank Group, Standard Bank de Angola provides its customers with a connection to the rest of Africa and other key financial markets of the world.

The branch network will grow with new branches opening this year.

Standard Bank de Angola

Condominio Belas Business Park
Edificio Luanda 7 and/Av. Talatona
S/N (ao lado do Belas Shopping)

Tel: 244 222 396355
Fax: 244 222 394641

FACTBOX-Key political risks to watch in Angola

February 3, 2012

By Shrikesh Laxmidas

LISBON Jan 10 (Reuters) – Long-serving Angolan President Jose Eduardo dos Santos is expected to confirm later this month that he will lead his MPLA party in a general election in the third quarter of the year.

This is unlikely to dispel intense speculation over a possible future successor to the 69-year-old leader, who is the second longest-serving ruler in Africa after Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo.

With Dos Santos apparently ready to go ahead with a re-election bid, the focus is on the MPLA’s choice for No. 2 on its candidate list for the election to be announced this month. This may signal the choice of a successor.

Anti-government protests last year showed that Angolan youths, inspired by uprisings in North Africa that toppled several leaders, are ready to take their grievances about human rights, social conditions and high unemployment to the streets.

But Angolan authorities have demonstrated they are willing to respond with force.

On the economic front, technical problems in oil production have led the government to slash its growth estimate for 2011, highlighting the need to diversify the economy.



Living in the world’s most expensive city

February 3, 2012

By Louise Redvers, BBC News, Luanda

When you think of the world’s most expensive cities, the dusty Angolan capital of Luanda seems an unlikely contender.

Potholed, chaotic and still scarred by decades of civil war, the city has little of the glitz and glamour of Tokyo, New York or Moscow, and an estimated half of Angolans live on less than $2 a day.

But despite the obvious poverty and sprawling slums, Luanda still manages to boast some eye-wateringly high prices.

A house can be $10,000 (£6,500) a month to rent, a basic meal out for two is easily $50, a hotel room can weigh in at $400 a night and a kilo of imported tomatoes a staggering $16.

A basic saloon car without a driver (which foreigners need to negotiate the difficult traffic and parking) will be $90 a day, but upgrade to a SUV (recommended due to the poor quality roads) and you’re looking at $200. More……………

Angola: Slick Business Deals

November 26, 2011

by  Markus Weimer,            Research Fellow, Africa Programme, Chatham House

Angola’s economy is the fastest growing in the world in the last decade and it has welcomed a long list of foreign dignitaries in a bid to attract business.
Norway’s Ministers for Business & Trade and Environment & Development are currently in Luanda as part of efforts to strengthen bilateral relations. Norway’s courting of Angola is emblematic of changes in the global economic order that the financial crisis has catalysed: different countries are engaging as equal players. More……..

Angola not for faint-hearted firms

November 26, 2011

LOUISE REDVERS Nov 25 2011 00:00

We needed a sturdy car and a lot of patience to reach Bevcan Nampak’s Angolata factory, which is situated at the end of a long and bumpy sand road on the eastern outskirts of the Angolan capital, Luanda.
After a good hour on the road and several stops for directions, we finally made it into the cool air-conditioned offices located above the giant production line. Our trip through Luanda’s dense and impossible traffic and then along the unknown, unpaved roads of Viana was in many ways a metaphor for South African company Nampak’s own frustrating journey into Angola. More……….

Portugal PM: Angolan capital welcome in privatisations

November 19, 2011

Nov 17 (Reuters) – Portuguese Prime Minister Pedro Passos Coelho invited investors from former colony Angola to take part in the privatisation programme his country is implementing under the terms of its international rescue package. More…….

Angola’s Eduardo Dos Santos offers help to Portugal

November 19, 2011

Angola is prepared to help its former colonial power Portugal cope with its financial crisis, the oil-rich nation’s President Jose Eduardo Dos Santos said.

After meeting visiting Portuguese Prime Minister Pedro Passos Coelho, he said solutions needed to be found. They should be “advantageous for both countries” and “in a spirit of solidarity and mutual help”, he said.

Analysts say Portugal’s economy is expected to contract by 2.8% next year and Angola’s to grow by 12%. More…….

FACTBOX-Key political risks to watch in Angola

November 10, 2011

By Shrikesh Laxmidas

LISBON Nov 8 (Reuters) – The ruling MPLA’s December Central Committee meeting will be closely watched after media reports suggested long-serving President Jose Eduardo dos Santos had chosen a successor and may step down before or one year after a 2012 general election.

The weekly Novo Jornal said in September dos Santos had selected Manuel Vicente, head of state oil company Sonangol, as his successor, but a party spokesman said no decisions had been taken and the party would appoint its candidate in December.

Meanwhile, several anti-government protests organised this year show Angolan youths are ready to air their grievances about human rights, social conditions and high unemployment but also that the authorities are willing to respond with force.

On the economic front, technical problems in oil production have led the government to slash its growth forecast for this year, highlighting the need to diversify the economy. More…….

Restoring Angolan agriculture to its former glory

October 1, 2011

Many might find it hard to believe that Angola’s capital Luanda used to be the party capital of the central African region up until 1975, when the country gained independence from Portugal. “Luanda was a place of fun,” says Pierre Sauveur, commercial advisor at TAAG Angolan Airlines, the country’s national carrier. “While Portugal was an underdeveloped European country, the fun was in Angola .  .  . Angola was the place where the Portuguese would really enjoy life . . . Movies would come out first in Luanda before Lisbon. New cars would be presented first in Angola before Portugal. They had race tracks; they had a very much developed society.” More…….

First Friday Club Angola

September 4, 2011

On the first Friday of each month, conversation in the Jango Veleiro restaurant revolves around business. Businessmen, entrepreneurs and stakeholders come together in a relaxed atmosphere to talk business and to make new contacts. The club is an initiative of the Chamber
of Commerce and Industry. Members of the First Friday Club Angola pay an annual subscription of twenty dollars.


First Friday Club – Luanda (em Português)

September 4, 2011

Na primeira Sexta-feira de cada mês, a conversa no restaurante Jango Veleiro gira a volta dos negócios. Empresários, empreendedores e interessados juntam-se num ambiente saudável e relaxado para falar de negócios, rever e fazer novos amigos.

Numa iniciativa da Câmara do Comércio e Indústria, o First Friday Club Angola reúne durante duas horas homens de negócios e outros potenciais parceiros existentes em Angola, num ambiente oportuno de negócios ou potenciais parcerias.

Segundo a organização do evento, o membro do First Friday Club Angola paga uma quota mínima anual de vinte dólares e é provido de um cartão de membro, onde será depositado o que for consumido nas suas noites de Sexta-feira no Veleiro.


Roque Santeiro Relocated

September 3, 2011

Louise Redvers uncovers the mixed blessings of relocating one of Africa’s largest markets.

Named after a Brazilian soap opera and spreading over 50 hectares with close to 6,000 vendors, Roque Santeiro was the heartbeat of the country’s informal economy where you could buy everything from food and household products to car parts, white goods and clothes.

Despite a huge community outcry, the market was closed down last September and its traders relocated to a new custom-built market 20 kilometres north at Panguila. More………

The Economist: Role reversal – An ex-colony may be getting the better, in economic terms, of its old master

September 3, 2011

THE airport at Luanda, Angola’s capital, is called “The Fourth of February” after the start of the nationalist uprising against Portugal, the old imperial power, in 1961. But that is not deterring the thousands of Portuguese flooding in every week. With Portugal’s economy sickly, a stream of professionals has been heading south to the former colony. Portugal’s foreign ministry says it registered 45,000 Portuguese citizens as resident in Angola in 2007-08. A year later the figure had jumped to 92,000. Not long ago, Angolans were fleeing a civil war, looking for a better life in Portugal. More…….

Como vivem os ricos na cidade mais cara do mundo

August 21, 2011

Como vivem os ricos em Angola

Fancy trying out the $70 pizza — in the world’s most expensive city?

July 30, 2011

By Andrew Nolan

Saturday July 30 2011

If your boss told you tomorrow that you had been relocated to the most  expensive city in the world where would you think of? Tokyo? In 2009 you would have been right. Moscow? You would have to go back to 2008. London or New York?  Wrong again. The destination on your plane ticket would be Luanda.

It’s official: the Angolan city has the 2011 top spot according to Mercer, a US financial consultancy company which compiles an annual report comparing  prices in the world’s capitals.

So how expensive is it?………

Luanda ‘most expensive city for expats’

July 13, 2011

Luanda, the capital of Angola, is the world’s most  expensive city for expatriates, according to a survey. Luanda topped Mercer’s Cost of Living Survey for the second year in a row,  followed by Tokyo in Japan and N’Djamena in Chad. New to the top 10 were Singapore, ranked eighth, and Sao Paulo in Brazil,  which jumped from 21st to 10th. More…..

Luanda Goes Back to the Future

July 10, 2011

In its drive to supply over a million new homes, Angola’s planned cities may be repeating the mistakes of the past. The heyday of the planned new city in the West was during the 1950s and 60s. However, in the developing world they are back on the rise as ambitious governments unveil new plans. More……..

The Rise and Rise of Angola

July 10, 2011

Extraordinary economic growth is feeding into increasing political power with potentially significant implications for African geopolitics. More……