First Independent Mena Newspaper
Angola and the neighboring Democratic Republic of the Congo (DRC) are reportedly inching towards a settlement of a 50-year dispute over one of their offshore oil blocks, which may also pave the way for the expansion of collaboration between the two countries in various sectors. If successful, the deal could help reduce tensions between the […]
Egypt and Angola signed Wednesday two Memorandum of understanding (MoU) for cooperation in fields of security and groundwater on the sideline of the visit of the Egyptian leader Abdelfattah al-Sisi. Angolan President Joao Lourenco and his guest al-Sisi witnessed the signings following talks between the two leaders. The talks according to al-Sisi’s Office covered a […]
Nigeria on Monday (22 May) commissioned the Dangote Refinery billed as Africa’s largest oil refinery, amid hopes of transforming the West African country into a net exporter of petroleum products, though doubts persist that securing crude supplies could delay achieving full production this year. The new refinery, owned by Africa’s riches man Aliko Dangote, was […]
Congo and Angola have exempted officials, holders of diplomatic or public passports, of both countries of visa requirement in a move to facilitate mobility. Denis Christel Sassou Nguesso, Congo’s top diplomat and his Angolan counterpart Tete António signed the agreement in the framework of the 8th joint cooperation committee between the two countries held in […]
Angola recovered six billion dollars and seized another 21,000 as part of the confiscation of assets, half of which were abroad, the deputy attorney general said on Tuesday, suggesting the creation of an autonomous structure for asset management. Inocência Pintos pointed out that the Angolan state has created a set of measures to combat organized […]
The Angolan President, João Lourenço, defended on Tuesday the urgency of restructuring the United Nations Security Council to ensure the presence of currently excluded regions as permanent members. Speaking in Luanda, at the opening of the expanded consultative council of the Angolan Ministry of Foreign Affairs, João Lourenço referred to regions such as Africa and […]
Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa. The global palm oil market size reached US$53.1bn in 2022 and looking forward, the market is expected to reach US$67.6bn by 2028, exhibiting a […]
The European Union has threatened to blacklist Kenya over corruption and money laundering, with the bloc’s Ambassador to Kenya warning that the east African country’s reluctance to curb corruption and money laundering could scare off investors. The EU is revisiting an old problem Nairobi has struggled to contain and if there is no substantial progress […]
Angola, Zambia and Democratic Republic of Congo (DRC) have agreed to establish a new agency that will oversee the development and joint management of a trade corridor to and from the Atlantic Ocean port of Lobito, which could mean lost business for South African ports. The Lobito Corridor Management Institution will facilitate trade from Zambia […]
Africa’s bilateral trade with China surged to a record high in 2022, highlighting how Beijing’s commercial influence over the continent continues to dwarf that of the United States. Beijing’s push to promote imports from Africa and rising commodity prices pushed trade up 11% to $282 billion last year. China’s exports to Africa were $164.49 billion, […]