Chinese Businesses in Africa

A Chinese man who runs the biggest ice cream company in Malawi is emblematic of hundreds of thousands of Chinese who now do business in Africa.

Chevron Announces Significant Oil Discovery Offshore Angola

SAN RAMON, Calif., Aug. 9 /PRNewswire-FirstCall/ -- Chevron Corporation announced today that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and partners made a significant oil discovery in Block 14, offshore Angola.

Asian firms eye overlooked parts of Angola economy.

LUANDA, Jul (Reuters) - Chinese and other Asian firms are diversifying in Angola, seeking out investments in overlooked sectors of the oil-dependent southwestern African nation's economy, a senior Angolan official said on Friday.

Global Cop USA Seeks More Presence in Africa.

The U.S. is frenetically marketing and scouting for a host to its recently-created Africa Command (Africom).

Angola September crude exports to rise to 1.7 mln bpd

LONDON (Reuters) - OPEC member Angola is set to export a record 1.7 million barrels per day of crude oil in September, up 50,000 bpd from the previous month, traders said on Tuesday.

Chinese-funded car plant to open in Angola - report

LUANDA (Reuters) - Angola plans to begin producing cars later this year through a venture funded by a Chinese firm and based on technology from Japan's Nissan Motor Co., a state-run newspaper reported on Tuesday.

New oil discoveries turn the spotlight back on west Africa

Monday, June 25, 2007 Western and emerging Asian powers so keen to diversify oil supply sources to feed growing needs have recast their attention to west Africa following the latest discovery of new potential reserves

Treasury Releases Semiannual Report on International Economic and Exchange Rate Policies

Washington, DC -- The Treasury Department today released its Semiannual Report on International Economic and Exchange Rate Policies.

The BIS (Bank for International Settlements) Quarterly Review released June 11, 2007

The BIS Quarterly Review released today is divided into two parts. The first presents an overview of recent developments in financial markets, before turning in more detail to highlights from the latest BIS data on international banking and financial market activity.

The final frontier, African financial markets are looking more attractive.

Africa's financial markets are, at long last, becoming globalised.

Angola among Africa's best performing economies

Date: 08 Jun 2007 Luanda - The Angolan economy is among the 10 best performing ones in Africa, according to a report from the United Nations Economic Commission for Africa (UNECA) on regional economic developments in 2006.

U.S. Creating New Africa Command To Coordinate Military Efforts

Washington -- The Defense Department is creating a new U.S. Africa Command headquarters, to be known as AFRICOM, to coordinate all U.S. military and security interests throughout the continent, the Bush administration announced February 6.

Independent commission calls for closer relationship between Washington and Luanda

Washington, United States, 10 May – An independent US commission published a report Monday in Washington, which suggested that Washington should boost its ties – including military ones – with Angola.

Portuguese exports to Angola up 50 pct in 2006

Luanda, Angola, May 17 - Portugal's exports to Angola last year reached a value of 1.2 billion euros compared to the 800 million euros registered in 2005, according to official figures.

World Bank provides US$102 million to finance projects in Angola

Washington, United States, 30 May – The World Bank said Tuesday in Washington it had approved a US$102 million loan to Angola, for infrastructure projects for reconstruction of the African country.

Brazil's Embrapa to invest in African countries where China is applying US$5 billion

Sao Paulo, Brazil, 7 May – Brazilian state farming research company, Embrapa, has announced it will invest in Africa, precisely in countries where China plans to fund the building of infrastructures, such as Mozambique and Angola, according to the Brazilian press.

Indian company delivers 17 more railway carriages to Angola

Chennai, India, 4 June – Indian company Integral Coach Factory, which has an order worth US13.5 million from Angola, has sent a second shipment of 17 railway carriages, newspaper Financial Express reported.

Angola accumulated US$5.4 billion in foreign currency in 2006

Luanda, Angola, 5 June - Angola accumulated US$5.4 billion in foreign currency in 2006 and was one of the country's that contributed most to increase reserves and investment in sub-Saharan Africa according to a report from the World Bank cited Monday by newspaper Jornal de Ango …

Angola to build four stadiums for African Football Cup

Luanda, Angola, 31 May – Portuguese, Chinese and other companies are to build four soccer stadiums in the provinces of Luanda, Benguela, Huila and Cabinda to host the African Football Cup in 2010, in Angola, according to newspaper Angola Acontece.

Angolan oil production to total 1.85 million barrels of per day by end of year

Malanje, Angola, 31 May – The Angolan oil sector by the end of 2007 expects to be producing 1.85 million barrels of oil per day, against a current level of 1.4 million per day, an official from the Oil Ministry cited by Angolan news agency Angop said in Malanje.

Travel to Angola, Africa: Vacation or Business.

By most accounts, Angola Africa is growing as a vacation and business destination.

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