Angola: Latest News
Dana Sanchez, 4:58 pm AFKI Original
African exploration took a hit the last two years. Eni’s success shows it’s not over. Eni is Africa’s leading gas producer. With an oil sector less than 10 years old, Ghanaian companies have limited experience providing tech services to offshore operators. GE says it plans to provide training and support for the local oil and gas supply chain, and SMEs. GE’s new Ghana facility is already supporting Eni. Eni’s exploration success rate is the envy of its peers. Most of Eni’s oil finds were discovered in the last decade, mainly in Nigeria, the Congo, Ghana and Angola.
Dana Sanchez, 11:34 pm
Angola has pushed Egypt out of second place in Africa for number of hotel rooms under construction. Angolan tourism is thriving internally, but the former Portuguese colony isn’t attracting many international tourists. Education is one way African professionals can add value to hospitality and tourism, and carve out a niche that reflects national character, tradition, and culture. Angola’s College of Hospitality Management train locals as game reserve and safari lodge managers. This is how Africa’s hospitality sector should mature. Private equity investors should take notice.
Peter Pedroncelli, 7:06 am
South African 19-year-old Luther Singh has been given a chance to shine for his national team after receiving a call-up to represent Bafana Bafana in upcoming friendly international matches this month. Singh, a star player with the under-20 side that reached the semi-finals of the U20 Africa Cup of Nations in Zambia earlier this month, has been drafted into a 25-man squad for games against Angola and Guinea Bissau. The teenager ended the tournament as the top scorer with four goals for Amajita, helping them to a fourth-place finish in Zambia.
Ann Brown, 12:48 pm AFKI Original
There is no Silicon Valley in Cape Verde. The government sells a lot of tech services that independent companies could be providing, acting as both regulator and provider. This limits the private market, says Pedro Fernandes Lopes, a local who is bringing the first TEDx talk event to the island nation. It took a local Cape Verdean tech startup months just to register an app because Google didn’t recognize Cape Verde, Lopes told AFKInsider. “We need to raise the global visibility of Cape Verde and its tech innovators. And I think TEDx Praia will play a part in that.”
Kurt Davis Jr., 11:08 am AFKI Original
The economic downturn did little to stifle demand for African real estate. Some of the biggest returns and opportunities exist in rental properties, from beachfront getaways to hidden villas. Affordable housing is a major challenge for governments. Private investment is seen as a solution. Developers, private investors, and ordinary people can play a role in addressing the construction gap in the real estate sector and make a good return while doing so.
Peter Pedroncelli, 4:32 am
Brazilian Roberto Bianchi has been appointed as the new coach of the Angola national team, and will lead the side with immediate effect. The Angolan Football Federation announced the news this week, with the 50-year-old Brazilian-born tactician set to take the Palancas Negras into the upcoming 2019 Africa Cup of Nations (AFCON) qualifiers. Bianchi replaces Jose Kilamba, who was in charge of the Angolans since 2015, becoming the fourth Brazilian to coach the southern African former Portuguese colony.
Julia Austin, 8:56 am
Angola, a former Portuguese colony and member of both the African Union and Latin Union, has a diverse business community. Brush up on business etiquette before you go. When meeting someone in Angola, inquire about their family before diving into business. Building relationships is important. Don’t be surprised if business is not even discussed at your first meeting. They just want to get to know you. If there are any government officials present at your meeting, they may be addressed as “Excellency” (male) or “Excelencia” (female), without including their names. “Yes” doesn’t always mean yes. As in other African cultures, agreeing with someone is a sign of respect.
Kurt Davis Jr., 1:00 am AFKI Original
The number of urban Africans almost doubled between 1995 and 2015 and is expected to double again by 2035. Rapid growth is driving the African phenomenon of the megacity — an urban area with a population of at least 10 million. Megacities have economic benefits – economies of scale, innovation, clusters of skilled labor, and higher incomes. But they also struggle with congested slums, unemployment and out-of-control traffic. More than 50 percent of the African urban population lives in slums.
Dana Sanchez, 1:01 am
Local Nigerian appetites for luxury appear to be intact, despite the country’s financial hardship since crude oil prices fell off a cliff. Trendy hotspots are constantly appearing. There are rumors of a Nobu restaurant under construction. When wealthy Nigerians want a shopping spree without the airfare to London, some go to Polo Luxury, which operates luxury retail outlets across West Africa. Jennifer Obayuwana is executive director of the company founded by her father. She spoke to Forbes about the planned March launch of Polo’s luxury online shopping platform – a first of its kind in Africa.
Karen Elowitt, 1:01 am
Africa’s vast landscapes beckon, but sometimes the roads themselves are the attraction. Angola’s Serra da Leba Pass is a favorite with cyclists. The most challenging part of the 6,053-foot climb is a one-mile section with 7 hairpin turns — one of the famous hairpinned roads in the world. Located 20 miles west of the city of Lubango on the road to Namibe, the road crosses three different climate zones. There’s little room for error on this road, which offers not much guard-rail protection and has been the site of many fatalities. You might want to give it a miss on a windy day.
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