Fortaleza – Ceará – Brazil
Gilson Castro, the coordinator of the initiative, said that SAPI aimed to develop the agri-livestock sector initially in the provinces of Huambo, Malange and Kwanza-Sul.
“We want to develop the meat market as a whole. In order to do that we are going to set up farmsteads, which will be split into lots in order to make them sustainable,” Castro said.
The initiative is aimed at lowering the Angolan market’s food imports.
The company has invested US$3 million in the Cabiri area of Bengo province for fruit and vegetable production.
The Cabiri project employs 300 Angolans, which is expected to rise to 3,000 over the following phases of the project.
Build Angola is also involved in the real estate and restaurant sectors.
The company, which has been working in Angola for six years has just launched a 1,000 home housing project known as “Nosso Lar” (Our Home) doe the mid-lower Angolan segment with prices lower than previous projects called Bem-Morar and Quintas do Rio Bengo. (angolahub) Source: Angolahub
Lubango, Angola, 24 Aug – Angolan and foreign business owners have so far invested an estimated US$1 billion in the Huíla Industrial Park over the last eight years, according to Angolan state newspaper Jornal de Angola.
The newspaper added that the investment had been used to build new units, expand production capacity of oil industries, providing modern equipment and training staff, which led to the industrial park in the city of Lubango outgrowing its initial area.
In that period of time, the paper reported, the investment made in the Huíla Industrial Park has offered the province a certain autonomy in supplying the population with consumer goods.
The new and expanded industrial units include Emanha, Granisul, beer maker Ngola, Laranjinha Agro-industrial, Nova Cerâmica, Lacticínios, Água da Chela, Emadel, Frigohuila, Moatril, Nova Cimor and producers of construction materials and furniture.
The jobs created by the industrial development of the Chela mountain range, since the end of the civil war in 2002, total around 6,000 direct jobs and more than 30,000 indirect jobs.
The success of the manufacturing and agricultural sectors were on exhibition at Expo-Huíla/2010, which was also attended by exhibitors from Italy, Portugal, Namibia, Zimbabwe, South Africa and China, amongst others.
For the first time since it was created, Expo-Huíla was held with all its available spaces occupied by 150 national and foreign manufacturing companies. (angolahub)
Luanda, Angola, 23 Aug – The Angolan subsidiary of the Brazilian group Build Brasil has changed its name to Build Angola and plans to launch on Monday a housing project budgeted at US$50 million, one of the company’s partners announced in Luanda.Paulo Sodré told Angolan news agency Angop on Friday that by changing its business name the company, which has been operating in Angola for more than six years, became an enterprise under Angolan law with a view to increasing its business in the country.
The Nosso Lar housing project to be launched on Monday in Luanda comprises three and four bedroom residences for a minimum price of US$119,000. The company is also developing other residential projects such as the Quintas do Rio Bengo and Bem Morar. (angolahub) Source: Angolahub
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| Angolan and Mozambican Parliaments speakers, António Paulo Kassoma and Verónica Macamo Ndlovo, respectively | |
Maputo - Angola and Mozambique Wednesday in Maputo, Mozambique, signed a parliamentary cooperation programme for 2010/2011, aimed at implementing the protocol in this field existing since 2003.
Signed the document were the National Assembly Speakers of Angola and Mozambique, António Paulo Kassoma and Verónica Macamo Ndlovo respectively.
The programme comes to respond to the two legislative organs' need to put in place the Protocol of Cooperation signed in November 2003, providing for a greater interchange, in several domains.
Therefore, Angola and Mozambique possess now a document that opens new perspectives in the cooperation which will cover the level of legislative, representative, supervising, as well as parliamentary diplomacy.
The programme consists of sharing experience, visits of study and activities related to the commemorative dates and other events of national interest. It also foresees the integration of the new tasks considered relevant.
On diplomatic field, the parties agreed to establish a permanent agreement in the context of the international parliamentary organisations in which they are integrated.
They are SADC Parliamentary Forum, CPLP Parliamentary Assembly, Pan-African Parliament, African Parliament Union (APU), Inter-parliamentary Union (IPU) and the Joint Parliamentary Assembly, African, Caribbean and Pacific (ACP) and European Union.
Judging by the urgency in the implementation of actions, the two parliaments have already defined the dates for the event, with the first interchange of experience among the working commissions to be held in November this year.
The programme was signed during the visit of Angolan National Assembly speaker, Paulo Kassoma, started Monday to Mozambique.
The Angolan delegation comprises MPs Ângela Bragança, Alda Sachiambo, Samuel Daniel, João Fernandes Mucanda and Nuno Carnaval, as well as senior officials of National Assembly.
Brasilia, Brazil, 25 Aug – Brazilian regional airline Puma Air has been authorised to provide four flights per week between Brazil and Angola, the Brazilian National Civil Aviation Agency (Anac) said Monday in Brasilia.
Puma Air some time ago announced it planned to launch scheduled flights between Brazil and Angola, with links between Sao Paulo, Rio de Janeiro and Luanda currently only provided by Angolan state airline Taag.
According to recent statements from Jorge Vianna, vice-president of Puma Air, the operation to Angola is justified because of the number of Brazilians now living in Luanda - around 50,000 people – and by the increasing presence of Brazilian companies in the Angolan market.
The company, which has its headquarters in Belém, the capital of Pará state, currently operates with a single Boeing aircraft carrying out daily flights between the cities of Belém and Macapá, in northern Brazil, to Sao Paulo, in the southeast of the country. (angolahub)
Luanda, Angola, 20 Aug – The SABMiller group plans to increase production capacity at its N'gola factory in Angola from 820,000 to 1.3 million hectolitres as of February 2011, the sales manager for the southern region, Paulo Rodrigues said Thursday in Lubango.Speaking to Angolan news agency Angop about the group's participation in Expo/Huíla, Rodrigues also said that Coca-Cola production would increase by setting up a new bottling line to cover the needs of the market in the southern region, as well as creation of a system to collect disposable drinks packaging to prevent environmental pollution.
According to Rodrigues, SABMiller put a disposable N’gola beer bottle on the market in order reach channels and sectors that had so far been difficult to access such as supermarkets, where people go without taking containers to buy the product.
The SABMiller miller manages Coca-Cola Bottling Angola (north, central and southern regions) and N'gola.
The group expects to open two more factories at the end of the year, one for soft drinks and another for beer in the Funda area of Cacuaco municipality, in Luanda, which are currently operating on an experimental basis.
This is the 24th edition of Expo/Huíla, an event set up to promote the production potential of the southern region, although this year it is being attended by businesspeople from Portugal, Italy, Namibia, Zimbabwe, Ghana, south Africa, China and Germany. (angolahub)
Luanda, Angola, 20 Aug – The factory that Swiss food group Nestlé is building in Angola is due to be ready in 2012, state newspaper Jornal de Angola reported Thursday.Construction of the factory, at an estimated cost of 25 million Swiss francs (US$21.1 million), is part of a number of investments the group is making in Equatorial Africa, estimated at 150 million Swiss francs (US$144.7 million).
For that purpose, the chairman of Nestlé, Paul Bulcke, last July carried out a tour of some countries in the region, visiting the Democratic Republic of Congo, Mozambique and Kenya.
Nestlé has its regional headquarters in Nairobi, Kenya, covering 20 countries including Angola, where it has had representation since 2006 and where it sells several brands from the Portuguese and Brazilian markets.
In 2009 Nestlé’s sales totalled US$99 billion. (angolahub)
Luanda, Angola, 18 Aug – Angola’s economy is expected to grow at almost double the rate of sub-Saharan Africa as a whole, between 7 and 12 percent, until 2012, the country’s Transport Minister, August da Silva Tomás said Tuesday in Luanda.
According to the minister, who was speaking at the opening of the “Sea transport contracts, shipping and freight,” seminar organised by the National Loaders Council (CNC), that level of growth will create conditions for the country to boost its role within sub-Saharan Africa and for it to continue affirming its position as a regional powerhouse.
Tomás said that the facilities within his sector were critical for fulfilling this potential for growth and also for development to occur and improve the quality of life of the population.
Speaking specifically about sea transport, the minister noted that it had a critical role to play in a country like Angola, in which imports account for around 41 percent of the Gross Domestic Product (GDP) and whose exports total over US$40 billion.
The seminar is due to end today and will, amongst other issues, deal with “The legal framework for transport contracts: Angolan law and comparative law, re-founding Secil Marítima as a strategy for stabilisation of sea freight and a national freight exchange. (angolahub)
Luanda, Angola, 16 Aug – Angolan oil production should grow continually until 2011, when it will reach 2 million barrels per day, indicate projections published by the Economist Intelligence Unit (EIU).
A continual rise in oil production will drive forecasts for real GDP growth this year and next year, states the June EIU report on the Angolan economy.
The EIU forecasts growth of 8.8 percent this year and 6.2 percent next year.
The EIU’s economists differ from the official Angolan projections of 2.9 percent growth in 2009, estimating that GDP fell 0.3 percent last year due to lower oil production, cutbacks in public investment and weak private consumption.
Angola’s daily oil production should rise from 1.84 million barrels last year to 1.95 million barrels in 2010 and 2 million barrels next year.
The document nevertheless stresses that given the history of technical delays in the oil sector and the possibility that OPEC may seek stricter application of Angola’s quota, there is a risk that production will recover at a slower pace.
Uncertainties about the pace of that recovery led the EIU to maintain a less optimistic growth forecast for next year.
Higher public investment is also driving the Angolan economy, along with the start of production of the first bio-fuel projects.
China continues to be the main destination of Angolan exports (33 percent), followed by the United States, and is the country’s main supplier, along with Portugal and Brazil.
The EIU indicates that relations between Angola and China are once again being strengthened, after a period of tension between 2007 and 2008.
Beijing is among the partners with whom the Angolan government will seek financing and credit lines.
Another important force for the Angolan economy will be the liquid natural gas project, worth an estimated US$8 billion, but which will only begin producing in January 2012.
The new Lobito refinery (Sonaref) will only enter production afterwards, in 2014, according to the latest government forecasts.
The EIU indicates that inflation should remain high, around 13.5 percent, due to the rising cost of imports and the depreciative trend of Angola’s kwanza currency.
The current account should attain a surplus of 4 percent of GDP in 2011 and 3.9 percent in the following year. (angolahub)
Source: AngolaHub
Macau, China, 16 Aug – All the Portuguese-speaking countries should make an effort to maintain consular or commercial offices in Macau, Angolan consul-general Rodrigo Pedro Domingos has stated.
In an interview published on Friday in the newspaper Macau Hoje, the Angolan diplomat said the presence of consular representations from other Portuguese language countries in Macau, besides Angola and Portugal, would definitely support the activity of small and medium sized companies in this region and help create partnerships with local counterparts.
Pedro Domingos has headed Angola’s consulate-general in Macau since it opened three years ago. He said he was certain that Macau would continue to play a major role among the Portuguese language countries by facilitating contacts and economic relations with China and the Association of Southeast Asian Nations (ASEAN).
He also told the newspaper that China’s relations with Angola are excellent and have never enjoyed “such a serious, correct and honest relationship as at present”.
“China has backed us strongly and in various ways, such as granting credit lines involving many companies so that we can build what is currently most necessary in Angola, such as roads, bridges, hospitals, schools and housing,” the diplomat said.
Pedro Domingos said he was certain that the fact that Angola will head the Community of Portuguese Language Countries (CPLP) for the next two years would boost that body’s activity, given that the Angolan president “is a person who pays close attention to existing programmes and projects in the sectors of health, housing, sports and the fight against poverty, among others.”
“This is the time to invest in Angola, now that we have a very favourable law on foreign investment and it is a large country with so much to do, in mining, in commerce, in the most diverse industries and in construction,” the diplomat said in the interview.
Among the Portuguese-speaking countries, Angola is the second-ranking economic partner of China after Brazil, with trade of US$11 billion in the first five months of 2010. (angolahub)
Soyo, Angola, 13 Aug – The chairwoman of the Angolan National Aviation Company (Enana) for the airport management area, Maria Engrácia Paredes said Wednesday that an international airport would be built in Soyo, on the outskirts of the Lumueno area, 20 kilometres to the south of the city, Angolan news agency Angop reported Friday.
The new airport will provide flights to Europe and the Americas, Engrácia Paredes said.
Engrácia Paredes said that whilst studies for construction of the new airport in Soyo were being carried out the Soyo aerodrome would benefit from extension and modernisation work in the departure and arrivals lounges and the check in areas.
The work is the responsibility of Angolan company LNG.
Work is also underway on the aerodrome’s runway, which is 2,000 metres long and 30 metres wide, will focus on resealing the runway and widening the aircraft parking areas by a further 150 metres.
The work also includes resealing and extending the taxi-way by a further 1.75 metres, as well as widening it by 7.5 metres on each side.
The current runway is just 400 metres long and makes it impossible for Soyo to receive medium-sized and large aircraft.
Soyo aerodrome receives around 28 flights per day. (angolahub)
According the president of The Central Bank, Henrique Meirelles, Brazil is internationally regarded as a crisis management model, thanks to the policy adopted by the institution.
"Brazil's performance during the crisis was one of the world's best and most effective. We had the shortest recession of all countries; we exited it in only five months. Thus, because of its results and technical efficacy, the crisis management model adopted by the Central Bank is regarded as a model not only by other central banks, but also by a report of the International Monetary Fund," said Meirelles at the open of the 5th Seminar on Risk, Financial Stability and Banking Economy, in São Paulo.
After saying that the Central Bank faces the challenge of constantly improving the announcement of its decisions, so as to make the financial system increasingly transparent, Meirelles replied to criticism that the institution supposedly induced market analysts to err in their forecasts of the results of the last meeting of the Monetary Policy Committee (Copom). On the occasion, the benchmark interest rate (Selic) increased by 0.5% and reached 10.75% per year, whereas based on a minute issued by the Copom and on the Inflation Report issued a few days earlier by the Central Bank, specialists were betting on a 0.75% increase.
"There was a misunderstanding on the part of many analysts," claimed Meirelles, according to whom the episode had a positive aspect, because it enabled people to understand how the bank's governance rules work. "Although it often seems to be clear to many, some issues are not clear to all. Such is the case with the so-called signalling that took place at the Copom's last meeting," he said.
"The inflation targeting system aims to coordinate inflation expectations, not the next meeting of the Copom, whose decision must take into account both the inflation expectation and the actual measured inflation. It is useful and desirable for the highest possible number of analysts to be able to predict the result of the next meeting, and we will continue working for that to take place. Hopefully, who knows, the world economy and the Brazilian economy will return to a level of stability in which it will be completely predictable, but this is not the case with the world economy nowadays," added Meirelles.
The president of the Central Bank also claimed that debate over the institution's autonomy during the pre-election period is good, because it puts the institution on the spotlight.
*Translated by Gabriel Pomerancblum
Bank of Brazil and Bradesco have started negotiating to operate in Africa alongside Portuguese institution Banco do Espírito Santo. They established a partnership to look into investing in the region.
"The three financial institutions involved believe that the partnership may represent an important means of support to the Brazilian and Portuguese companies' internationalization process, and an aid to the growing commercial exchange with the African continent," informs the statement.
Headquartered in Lisbon, Banco do Espírito Santo is the second largest private commercial institution in Portugal, and is present in 18 countries across four continents.
Today (9th), another communiqué was issued announcing a partnership between the Bank of Brazil, Bradesco and Caixa (the federal savings bank). The banks want to launch, in tandem, the Brazilian Elo brand of credit, debit and pre-paid cards for account and non-account holders.
Another possibility to be considered is "developing new businesses for pre-paid cards by either establishing a currency company or incorporating already existing companies which operate in this line of business."
The banks also inform that thay are considering increasing Caixa's stake in currency company Cielo and making the state-owned institution a part of the shared outdoor ATMs project.
*Translated by Gabriel Pomerancblum
Gilson Castro, the coordinator of the initiative, said that SAPI aimed to develop the agri-livestock sector initially in the provinces of Huambo, Malange and Kwanza-Sul.
“We want to develop the meat market as a whole. In order to do that we are going to set up farmsteads, which will be split into lots in order to make them sustainable,” Castro said.
The initiative is aimed at lowering the Angolan market’s food imports.
The company has invested US$3 million in the Cabiri area of Bengo province for fruit and vegetable production.
The Cabiri project employs 300 Angolans, which is expected to rise to 3,000 over the following phases of the project.
Build Angola is also involved in the real estate and restaurant sectors.
The company, which has been working in Angola for six years has just launched a 1,000 home housing project known as “Nosso Lar” (Our Home) doe the mid-lower Angolan segment with prices lower than previous projects called Bem-Morar and Quintas do Rio Bengo. (angolahub) Source: Angolahub
Teófilo told Angolan newspaper, Jornal de Angola that 40 percent of the province’s road network had been repaired and that 1,500 kilometres remained.
The rebuilt roads are the main roads linking Huíla province to the rest of Angola.
The provincial director said that the government had invited civil engineering companies to put forward projects for the recuperation of the remaining 1,500 kilometres of roads.
Teófilo noted that over a period of eight years the roads linking the municipal capital of Lubango to the municipalities of Humpata (22 km), Chibia (45 km), Quipungo (90 km), Matala (180 km) and Cacula (90 km) had been rebuilt.
The sections of Cacula/Quilengues, Kuvango/Jamba, Caconda/Caluquembe and Chibia/Gambos, and those to the provinces of Benguela, Kuando-Kubango, Huambo and Cunene are currently being rebuilt.
He said that the road between the provinces of Huíla and Namibe, over a distance of 180 kilometres, passing through the municipality of Humpata and the Leba mountain range, was completely paved.
Teófilo explained that the roads linking the municipalities of Chicomba and Chipindo were the only ones that were still left to be refurbished. (angolahub) Source: Angolahub
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