Angola

The African Development Bank (AfDB) has raised an alarm that rising prices of fuel and other commodities could lead to social unrest in Nigeria, Ethiopia, Angola and Kenya. The AfDB sounded the warning in its macroeconomic performance…

Angola reduced its gasoline subsidy, the same week Nigeria, Africa’s biggest oil producer, scrapped its own subsidy, causing pump prices to triple according to a Bloomberg report. The yield on Angola’s 2028 eurobonds fell 16 basis points…

MasterCard Index of Women Entrepreneurs (MIWE) 2021 has jointly ranked Nigeria, Angola and Ghana first in the women’s entrepreneurship activity. Nigeria also garnered 59.1 per cent to rant second globally for the number of ‘women…

The International Association of Deposit Insurers (IADI) has commended Nigeria Deposit Insurance Corporation (NDIC) over its establishment of the African Center for Deposit Insurance (ACDI). IADI Secretary-General, Mr. David Walker, gave…

The International Monetary Fund (IMF) on Wednesday said it would disburse 1 billion dollars to Angola to address the impact of the coronavirus pandemic. The IMF executive board made the decision after completing a third review of…

Gabon’s Senate voted on Monday to decriminalise homosexuality, a landmark result that makes the country one of the few in Africa to reverse a ban on same-sex relationships. Under a law passed in 2019, Gabon became one of 73 countries or…

Angola has recorded its first two deaths from coronavirus, out of the seven confirmed cases in the southwestern African country, the health minister said Sunday. “We now have seven confirmed cases and unfortunately two people lost their…

Chad is repaying Angola a debt of $100m (£82m) with cattle, Angola's state-run newspaper has reported. The unusual agreement is seen as creating a win-win situation for both nations - Chad is short of cash while Angola needs cattle.…

Nigeria’s national under-17 male football team on Wednesday in Dar es Salaam lost 9-10 after penalty kicks to their Guinean counterparts in a pulsating semi-final match at the Africa Under-17 Nations Cup. In the competition’s first…

The World Bank has announced the death of Haruna Mohammed, Executive Director for Nigeria, Angola, and South Africa. Ousmane Diagana, World Bank Group’s Vice President, Human Resources, said in a statement that Mr Mohammed passed away on…