Angola's double-digit growth record to end -analysts

By Henrique Almeida

LUANDA, Jan 27 (Reuters) - Angola's economy could grow less than 6.3 percent in 2009, well below the double-digit growth that has sustained the oil-producing African nation since 2002, analysts said on Tuesday.

Angola, which rivals Nigeria as sub-Saharan Africa's biggest oil producer, has averaged 15 percent a year GDP growth since the end of a civil war in 2002, making it one of the world's fastest growing economies.

It has lured billions in foreign investment.

But Alves da Rocha, a leading Angolan economist, said weakness in the global economy and a sharp drop in oil prices should put the brakes on growth and hamper government plans to rebuild the country and improve the lives of ordinary Angolans.

Angola Attends Conference On Minerals Investment In Africa

Cape Town, 02/06 - Angola is attending the 13th Conference on Minerals Investment in Africa, also called Mining Indaba, taking place in Cape Town, South Africa.

At the event, which was opened last Tuesday, Angola is being represented by the public diamonds company Endiama.

The Angolan delegation, led by Endiama`s administrator for planning and investment, Domingos Tiago Dias, is showing at the event the main activities being carried out in the country`s diamonds sector, through the presentation of photographs, DVDs and other publicity materials.

Source:
http://www.angolapress-angop.ao/noticia-e.asp?ID=593845

Standard Bank expands to Angola

January 31, 2008, 09:45

Standard Bank plans to invest millions of dollars in Angola to set up a commercial and investment bank and offer retail banking services. Standard has applied to the Angolan government to convert its current representative office into a fully-fledged bank.

Full story:
http://www.africanewssearch.com/olink.php?ARG1=http://www.sabcnews.com/africa/southern_africa/0,2172,163411,00.html&ARG2=276551

Germany Invites Entrepreneurs to Invest in Angola

Luanda, 01/30 - German government announced Tuesday in Luanda it is mobilising its businesspeople to invest in Angola, as part of a programme aimed at boosting bilateral relations.

The German ambassador to Angola, Bernd Morast, who was speaking at the end of an audience with the first deputy speaker of the National Assembly, João Lourenço.

http://www.angolapress-angop.ao/noticia-e.asp?ID=592044