News from Cape Verde, Angola & Mozambique

Atlantico Weekly´s Angola Business News

In Angola on March 22, 2012 at 10:17 pm


An Angolan weekly whose computers were seized by police after it lampooned President Jose Eduardo dos Santos will appear this weekend and carry on fighting for democracy, its chief said. “The current government in Angola wants to muzzle our weekly by seizing our equipment,” Fernando Puati, the managing director of Folha 8, told AFP in a telephone interview.


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Angola will start taxing informal traders this year to boost income from outside the oil industry, Jornal de Angola reported, citing Finance Minister Carlos Alberto Lopes. A “greater percentage” of the economy in sub-SaharanAfrica’s second-biggest oil producer is informal and traders must formalize some of their activities to enable the government to collect taxes, the Luanda-based newspaper said (Bloomberg).


Angola will export 57 crude cargoes in May, including the newest Pazflor grade, according to loading programs obtained by Bloomberg News. The west African nation plans to export one more consignment in May than the 56 scheduled to load in April. Loading programs are monthly plans of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.