Company in Angola

  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Sonangol restructuring plan produces some results

    ANGOLA, 2016/12/04 Sonangol, Angola's national-owned oil company, says it has identified savings worth US$240m in the five months since it began implementing its restructuring plan. The firm, which since June has been led by Isabel dos Santos—the eldest daughter of Angola's long-serving president, José Eduardo dos Santos—says it has cut back on wasteful spending and is reviewing all critical processes in order to boost efficiency. Although international oil firms have welcomed the efficiency drive, there is significant disquiet part Angolans about Ms dos Santos's appointment. A petition questioning the legality of her nomination—on the basis that it violates public probity laws—has been lodged with the country's Supreme Court.
  • SOCAR eyes co-op with Angola

    AZERBAIJAN, 2016/07/24 Angola’s Sonangol Hidrocarbonetos Internacional oil and gas company is interested in cooperation with Azerbaijan’s national energy giant SOCAR. SOCAR reported that the issue was on the highest schedule during the conference of Rovnag Abdullayev, President of SOCAR with Federico Domingos, Director General of Sonangol Hidrocarbonetos İnternacional and Filomena Oliveira, Deputy Director General of the company. The representatives of the Angolan delegation expressed their interest in cooperation with SOCAR.
  • Jaguar Land Rover on its business in sub-Saharan Africa

    ANGOLA, 2015/12/11 Nigeria and Angola remain two of Jaguar Land Rover’s major markets in sub-Saharan Africa, according to the company’s director of operations for the region, Nigel Clarke. This is despite both economies feeling the result of the drop in oil prices over the last year. Angola gets roughly two-thirds of its revenue from oil. The luxury car manufacturer, with its sub-Saharan headquarters in Pretoria, exports the bulk of its vehicles to eight markets in the region – Angola, Ghana, Kenya, Mauritius, Nigeria, Tanzania, Zambia and Zimbabwe. However, over the next two years Jaguar Land Rover will focus on growing its business in six smaller markets – Senegal, Côte d’Ivoire, Gabon, Congo-Brazzaville, Malawi, Mozambique – through local country partners. “Due to the expansion of our office in Pretoria and the fact a lot of of our processes and systems are presently in place, which has taken a long time, we are much additional ‘fitter’ to take on these markets.”
  • Unione invests USD 20 million in integrated development in Humpata

    ANGOLA, 2015/05/14 The business group of Integrated and Development of Companies "Unione" invested, as from 2013, twenty million US dollars, in a construction project of an integrated and sustainable park of Humpata municipality, southern Huíla province. This was said to the press on Tuesday by the executive director of the referred group, Fernando Gomes, at the end of a visit paid by the vice governor of Huíla for political and social affair, Maria João Chipalavela, to the site for the implantation of the project. Fernando Gomes said that the project aims to develop and promote the foreign and national investors to implement its actions in the park, as it started to be developed in 2013 and covers the areas of urbanisation, agriculture, tourism, sport and trade.
  • Australia’s Lucapa Diamond Company

    ANGOLA, 2014/03/16 Australia’s Lucapa Diamond Company has been authorised to sell 371.35 carats of diamonds valued by independent consultancy Jaguar Consultants at 308.4 million kwanzas (US$3.16 million), Angolan newspaper Expansão reported. The company, which is prospecting for diamonds at the Lulo project in Angola’s Lunda Norte province, has been authorised by the Angolan authorities, for the second time, to sell the diamonds it has discovered. The lot of diamonds includes the two major found by the company in January of this year. One of these is a 95.45 carat stone and the other is 32.2 carats.
  • Profit of Banco Angolano de Investimentos down 15% in 2012

    ANGOLA, 2013/04/22 Banco Angolano de Investimentos (BAI), Angola’s major bank by assets, closed 2012 with a profit of US$180 million, down 15 % over 2011, indicates a statement released on Thursday in Luanda. The lower profits are fundamentally due to the need to constitute reserves following the increase from 4.9 % to 7.2 % of credit overdue additional than 90 days over total credit, “in line with the market trend”.
  • Sonangol second-major company in Africa

    ANGOLA, 2013/03/07 Angolan oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) has been considered to be the second-major company in Africa by results in a study published last week in Paris by Jeune Afrique magazine. The study looked at around 500 African companies or companies with African headquarters and, for the second year in a row, Sonangol was ranked second behind Sonatrach, a fuel company from Algeria.
  • Angolan national diamond company Endiama

    ANGOLA, 2013/01/06 Angolan national diamond company Endiama is due in the prime half of this year launch exploration at alluvial mines in Calonda, in Lunda Norte province, and Tchege, in Lunda Sul, the company’s chairman said in Luanda. Carlos Sumbula as well said that exploration at the Maua mine, the prime of its kind in Malange province, would begin in the second half of the year at the same time as production is re-launched at the former Sociedade Mineira do Lucapa, presently known as the Uari mine.