Yahoo Web Search

  • FirefoxTry Yahoo Search on Firefox »
    1. Sort by

    1. Angola economy in crisis as oil price sinks currency

      AFP via Yahoo! NewsFeb 02 10:36 PM

      Sitting under an umbrella in the heat of Angola's capital Luanda, a vendor holds a makeshift currency exchange board on which is scribbled "335 kwanzas: $1" -- more than double the official rate of 155 kwanzas. The drop in the price of crude oil to its lowest level in more than a decade has not only pushed Angola's currency to record lows, it has plunged the economy of Africa's second largest ...

    2. [Maka] Has Angola's President José Eduardo dos Santos lost his bearings? Recent events suggest he is in the process of arranging a dynastic succession.

    3. The leader of a fringe Christian sect in Angola went on trial with 10 of his followers on Monday charged with the murder of nine police officers and attempted murder in central Huambo province last year. Police say the officers were shot dead during raids which ended with the capture of preacher Jose Kalupeteka, leader of a millenarian sect called "The Light of the World", and his followers last...

    4. Nigeria, Angola seek World Bank help as oil revenues slide

      Reuters via Yahoo! NewsFeb 01 10:44 PM

      By Alexis Akwagyiram and Herculano Coroado LAGOS/LUANDA (Reuters) - Nigeria and Angola, Africa's two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances. Nigeria has held exploratory talks with the World Bank onborrowing to help fund a record budget in 2016 but has notapplied for any ...

    5. For half an hour, the passenger boat sat stranded off the coast of Angola's seaside capital Luanda. Streams of rubbish clogged its engine as it attempted to enter the port of a city sinking under the weight of several months of uncollected trash that blocks traffic and exasperates residents. The company responsible for removing the trash says it has not been paid by the local authorities, as the...

    6. Angola’s first major steel mill aims to transform the quaint fishing and agriculture village of Barra do Dande into a bustling community. Since its official opening last month, the sprawling, privately owned factory is melting scrap metal into steel billets and rolling out rebar and wire rods, with the capacity to one day produce enough steel to meet Angola’s domestic demand.

    7. [Maka] Late last year, after a torrid few weeks under the gaze of the world's media, the trial of dissidents charged with rebellion against Angola's MPLA government was abruptly adjourned in time for Christmas. This was seen as less a gesture of seasonal goodwill, more an attempt to shake off some increasingly uncomfortable scrutiny by the outside world.

    8. A subsidiary of El Sewedy Electric has signed a $484.5 million contract to build three power stations in Angola but the deal is "not yet in effect", the Egyptian firm said in a bourse statement on Wednesday. The contract between subsidiary El Sewedy Power and the Angolan government is subject to approval by Angola's president and a specialised court, it said.

    9. Angola central bank raises lending rate to 12 pct

      Reuters via Yahoo! NewsFeb 01 12:45 AM

      LUANDA (Reuters) - Angola's central bank said on Monday it had raised its benchmark lending rate by 100 basis points to 12 percent, due to a general rise in price pressures. (Writing by Stella Mapenzauswa; Editing by Joe Brock)

    10. The Angola liquefied natural gas export project has started recommissioning, a spokesperson for the Chevron-led venture said. The project stalled after a succession of technical faults before a rupture ...

    1. Ads
      related to angola
    1. 123451,431 results