Angola News News Angola » Economy: Angola’s 2026 fuel subsidy bill could hit $4.16bn, more than twice budgeted amount
Angola’s fuel subsidy bill could more than double to AOA3.8 trillion ($4.16bn) in 2026 as higher international energy prices increase the cost of keeping domestic fuel prices low. Secretary of State ...
News Angola » Economy: Angola’s billion-dollar investment program is unlocking its economic potential
Angola’s private investment program PROPRIV is helping to diversify the economy, creating new opportunities for its young and growing population. Angola is opening key sectors to private investment ...
News Angola » Economy: Angola’s Economy in Transition: Tourism Drives Diversification and Sustainable Growth
“Angola cannot base its economic future on oil alone. Tourism is our green oil, with enormous potential to create jobs, develop rural regions, and sustainably utilise our cultural and natural heritage ...
News Angola » Economy: Zambia and Angola announce rate cuts, boosting the construction industry
In mid-May 2026, Zambia and Angola both announced interest rate cuts to support economic growth, improve borrowing conditions, and encourage investment activity. Zambia lowered its benchmark interest ...
News Angola » Economy: Angola Energy Profile: Economy Vulnerable To Crude Oil Price Swings – Analysis
(EIA) — Angola was the second-largest total liquid fuels producer in sub-Saharan Africa, after Nigeria, in 2024 production. Angola’s economy is largely based on hydrocarbon production, making it ...
News Angola » Economy: Russia, Angola Economic Relations Rising To Unprecedented Levels – OpEd
Russia and Angola have had excellent relations dating from historical Soviet era. Russia, more or less, invested in Angola, even after the Soviet collapse political dialogues and economic cooperation ...
News Angola » Economy: Angola’s Development Gains Bring Power, Water and New Opportunities to Millions
Unveiled by the Bank and Angola’s Ministry of Planning in Luanda on 16 September, the review covers 2016–2025 and assesses progress in economic diversification, infrastructure, human capital and ...
News Angola » Economy: Angola banks on Biden boost to fuel growth and reduce debt
With US President Joe Biden’s upcoming Africa trip shining a spotlight on Angola, the country is taking advantage of this week’s IMF and World Bank meetings in Washington to pitch itself as ripe for ...
News Angola » Economy: Angola touts a post-oil economy, even as high crude prices power its rebound
Angola's government says the non-oil sector now accounts for about 80% of GDP, and its 2026 budget projects non-oil revenue exceeding oil revenue for the first time in the country's history.
News Angola » Economy: Africa/Middle East
The construction cranes that pierced Luanda’s skyline during the boom years, putting up luxury high-rises and upmarket malls, have fallen idle in recent months as Angola feels the pinch of the world ...