Africa > Central Africa > Angola > Angola creates transport networks and builds more ports

Angola: Angola creates transport networks and builds more ports

2015/11/21

Four new transport networks will be created and three major ports built in Angola as any minute at this time as possible in order to have full coverage at a national and regional level, said Thursday in Luanda the Minister of Transport.

The four networks are the national rail network, national network of logistics platforms, coastal network of northern Angola and Luanda light rail network and the ports are the new deepwater port of Cabinda, the new port of Luanda, at Barra do Dande , where the current port serving the capital of the country will be trasferred and the new port of Porto Amboim, according to Angolan news agency Angop.

Augusto da Silva Tomás, who was speaking at the opening session of the International Transport and Logistics equitable (Expotrans 2015), said that work is as well underway on the new international airport in Luanda, along with doubling the railway line between the stations of Bungo and Baía and a new railway line between the latter station and the new airport.

Tomás noted that to date a total of 15 airports in several provinces had either been modernised or built from scratch.

The International Transport and Logistics equitable is organised by the Ministry of Transport, in partnership with the Luanda International equitable (FIL), and this year includes participation by exhibitors from Angola, Portugal, Brazil, Zimbabwe, Netherlands, China, Germany , South Africa and, for the initial time, the Democratic Republic of Congo.

Related Articles
  • Namibia Scraps Visas for Africans

    2017/11/01 Namibia has gotten the ball rolling on plans to scrap visa requirements for African passport holders next Cabinet authorised the implementation of this process - to be carried out in line with diplomatic procedures. Namibia will any minute at this time start issuing African passport holders with visas on arrival at ports of entry as a initial step towards the eventual abolition of all visa requirements for all Africans.
  • Africa: Experts Explore Infrastructure and Cooperation to Improve Lives

    2017/11/01 Addis Ababa — African economies require structural transformation to attain sustained increase that trickles down to all its peoples, an official from the United Nations Economic Commission for Africa (ECA) told experts gathered at the organization’s Ethiopian headquarters. Soteri Gatera, who heads the ECA’s Industrialization and Infrastructure Section, says only such “inclusive” economic increase will help resolve the “persistent social economic problems” Africa faces.
  • Angola's banks look to rise to the challenges

    2017/10/31 The fortunes of Angola’s banks are continuing to split nearly three years next commodity prices began their swift collapse. While the larger private lenders are weathering a challenging economic environment relatively well, a lot of of their national-owned peers are being restructured and recapitalised. Meanwhile, smaller banks of all stripes are feeling the pinch from a stalling economy and a tighter regulatory landscape. These challenges are unfolding as Angola’s banking sector braces for full Basel II capital adequacy compliance by the end of 2017. Meanwhile, with dwindling quality increase opportunities, the structure of Angola’s banking sector could change in the coming years, with consolidation a likely (though by no means straightforward) outcome. Diminishing oil receipts, a threat of consolidation, a looming Basel II compliance deadline, a loss of US dollar correspondent banking relationships, a shortage of foreign capital... The challenges facing Angola's banks are many, which makes the strong performances of some in the sector all the more impressive, writes James King.  
  • Africa's last international banks make their stand

    2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Nobel Laureate Joseph Stiglitz Calls For New Strategy

    2017/10/19 Joseph Stiglitz has advised African nations to adopt coordinated strategy encompassing agriculture, manufacturing, mining, and service sectors to attain same success delivered by the old manufacturing export-led strategy. Prof. Stiglitz, an economist and professor at Columbia University, New York, gave the advice at the Babacar Ndiaye lecture series introduced by African Export-Import Bank (Afreximbank) which debuted in Washington D.C.