ANGOLA INVESTMENT SUMMIT & SHOWCASE

26-28 OCTOBER 2004
National Assembly Hall, Luanda, Angola

The Angola Investment Summit will gather major international investors to Angola and promote new opportunities for investment in the various sectors of the country’s economy. With the full support and participation of the Government of Angola, investors will have the opportunity to discuss business with major industry players and learn more about new and existing legislations that govern business in the country. This event will assemble major international executives from various sectors including Agriculture, Fisheries, Infrastructure, Mining, Energy, Transport and Tourism.

KEY TOPICS WILL INCLUDE:
Angola in a Global and Regional Context - Creation of ANIP and the new laws of investments and incentive opportunities - Restructuring of the transportation sector - Benefits and obligations for foreign investment in Angola - Angolan legislation for diamond extraction - Unexplored diamond reserves and concessions - Developing projects and opportunities for foreign investment - Legislative framework within the country - Opportunities for investment in tourism - Case studies from international investors - Opportunities for investment in agriculture and fisheries - Prospects for the natural gas sector

Organised by ITE Group Plc. and National Agency for the Private Investment of Angola, ANIP

www.african-events.com

TO RECEIVE FURTHER INFORMATION, FAX/E-MAIL TO +44 (0) 20 7596 5062/5111
ana.monteiro@ite-exhibitions.com 
OR CALL ANA MONTEIRO ON +44 (0) 20 7596 5119

 
 

 
Visit Infield At The Offshore Technology Conference, 3-6 May 2004

Infield is exhibiting on Stand/Booth 2740

Infield will be attending the Offshore Technology Conference being held in Houston Texas next week. If you are attending the exhibition and conference then our senior staff would be only too pleased to discuss with you at the Infield booth (2740) our new series of market and technology reports, analytical services and sector & regional databases for the offshore oil and gas industry.

Publications: We will be launching two new reports on the markets for Subsea Production and Floating Production Systems. These two reports form part of the Global and Regional Report Series. We will also have on the stand copies of the Deep & Ultra-deepwater Market Update Report which was published earlier this year.

Analytical Services: Our range of in-house skills includes all the major industry disciplines from Geology, Finance & Law through to Senior Operational Management, allowing for the provision of data, information and reports that are realistic, accurate and insightful. Our reports and services are used to support business decisions at a senior level and as such are presented with a clarity and conciseness that has brought international recognition.

Databases: Naturally, at OTC we will have with us a complete copy of the Infield Worldwide Energy Database which covers fields, platforms, pipelines, subsea completions, manifolds, templates, umbilicals single point moorings, manufacturers, fabricators, operators and field ownership for the period 1947 through today and forward to 2015 and beyond.

Panel Discussion: On Thursday 6th May, Day 4 of OTC, Will Rowley, Infield's Director of Analytical Services and Publications will be the moderator in a panel discussion on "Independent Operators, The Future of the North Sea."

We hope to see you there.

Best wishes.

Quentin D'A Whitfield
Director

 
 

South Korea Optimistic About Investment Environment

Luanda, May 18 - Visiting South Korean minister of Commerce, Hwang Doo-Yun, said today in Luanda that Angola has leadership, political will, concrete projects and people`s union of spirit and cooperation as favourable conditions to his country`s investment.

To the minister, these aspects are relevant and have been commonly highlighted during the audience prime minister, Fernando da Piedade Dias dos Santos, granted to him and his team visiting the country since Monday.

Hwang Doo-Yun rejoyced at the progress Angolan has scored over the last 14 years of politico-diplomatic cooperation between the two countries.

He said as well that these relations are more visible in the fields of trade and services, oil and fishery.

The minister expressed the hope in the strengthening and diversification of the said relations, taking into account the local environment and legislation on investment that he considered as very favourable. This is added to the natural resources the country possesses.

Hwang Doo-Yun and the Angolan minister of Public Works, Higino Carneiro, signed on Monday in Luanda a "Verbal Process" that reflects the two countries` intention of strengthening exiting bilateral and business cooperation.

This includes the "Accord on Promotion and Reciprocal Protection of Investments" and the "Memorandum of Intentions" between the National Agency of Private Investment (ANIP) and the Federation of the Korean Industries (FKI).

Under the Verbal Process, the two Governments are expected to exchange multi-sector and business delegations. Thus, an Angolan technical team will be travelling soon to Seul, to make the necessary arrangements for the Joint Bilateral Commission session scheduled for 2005.

Angola and South Korea enjoy a relation of co-operation since 1993, a year after formal diplomatic relations were established.



USA: President Dos Santos Meet IMF, WB Officials


Washington, 05/13 - The Angolan President, Jose Eduardo dos Santos, Thursday held separate meetings with top officials of the International Monetary Fund (IMF) and the World Bank (WB), in the respective headquarters in Washington, in the framework of the official visit he is paying to the United States.

A source close to the IMF told journalists that the meeting "was good", as it occurred at the time President Jose Eduardo dos Santos made known the economic situation of Angola in a "clear-sightedness" way.

The source added that this international financial institution examined the explanation made by the Angolan President, what means that the relations between the Angolan Government and the Fund will be consolidated.

On Tuesday, during the meeting that the Angolan statesman held with US business people, Eduardo dos Santos said the talks that the Angolan Government has been having with the IMF and the WB has allowed the re-establisment of reciprocal confidence.

The President added this will lead to agreements at short term, which will enable to solve all the differences of past opinions and to reinsert the Angolan economy into the international scenario.

The president, who is paying an official visit to theUnited States since Tuesday, had as the highest point on his agenda a meeting at the White House with his host counterpart, George W. Bush.

 

Angola will reveal some oil payments

By HEATHER TIMMONS
New York Times

LONDON — In a reversal of a longstanding policy, the Angolan government will disclose some payments it receives from oil companies that do business there, making the southwest African nation the latest to respond to pressure to make such compensation public.

An Angolan government official is expected to disclose today that the country is receiving $300 million from ChevronTexaco at a deal-signing ceremony in Washington with the company's chief executive, DavidO'Reilly, three executives with knowledge of the agreement said. The deal extends Chevron's outstanding rights to the shallow-water oil and gas field known as Block Zero through 2030.

Angola and other developing nations have been under scrutiny from human rights groups, the International Monetary Fund, the World Bank and the British government to reveal what they receive from oil companies for access to national crude reserves. Angola has been trying to strengthen ties with the United States and foreign investors, and the payment announcement would come in the middle of Angolan President Jose Eduardo dos Santos' three-day trip to the United States.

He met with President Bush on Wednesday morning. The United States is the market for more than half of Angola's estimated production of 950,000 barrels a day. Angola's finance minister, Jose Pedro de Morais, disclosed the amount of the ChevronTexaco payment to Angolan media last week, and a spokesman for the oil company confirmed that an announcement was expected today, but did not provide details. De Morais was unavailable for comment Wednesday.

What energy and mining companies pay governments for drilling rights has become a hot-button issue as resources in the developed world dry up. "We are running out of places to find oil," said Karina Litvack, head of governance and socially responsible investment at ISIS Asset Management in London. Oil companies are starting to look for resources, she said, "where the money the companies pay the government sometimes fuels corruption, instability or human rights abuses."

By disclosing the amount it is being paid, Angola's government is setting "a new standard for transparency," Litvack said.



SADC: Angolan Premier In Dar-es-Salaam For Summit


Dar-es-Salaam, 05/14 - The Prime Minister of Angola, Fernando da Piedade Dias dos Santos, is already in Dar-es-Salaam, administrative and commercial capital of Tanzania, to participate in SADC`s Heads of State and of Government Summit, dedicated to agriculture and food security.

The Premier, who represents at this event the Head of State, José Eduardo dos Santos, arrived in the afternoon at Dar-es-Salaam Airport, where he received welcome greetings from the Tanzanian Water Minister, Edward Lowasa, from the Angolan Ambassador to Tanzania, Brito Sozinho, and from the country`s delegation to this regional forum.

Fernando da Piedade Dias dos Santos will join the Heads of State and of Government on Saturday, at Tulip Hotel, but today he will attend an official dinner to be offered by the President of the United Republic of Tanzania, Benjamim Mkapa.

The Tanzanian capital is awaiting the arrivals of Presidents Robert Mugabe, of Zimbabwe, and Sam Nujoma, of Namíbia, at first the only Heads of State coming whose countries, by details, are in an emergency situation concerning food security.

This Friday, the Cabinet of the Southern African Development Community (SADC) began the final stage of preparation works of the extraordinary summit of Head of States and of Government, to occur on Saturday.

The ministerial meeting is preparing the main issues which affect member countries and which are included in the community`s strategic plan for the increase of production and strengthening of food security.

This plan includes actions of short, medium and long terms, among which it is highlighted the supply of main production elements such as agricultural seeds and tools, the adoption of a policy for the management of water and irrigation, the access to land, research and dessimination of technologies, the creation of mechanisms for financing the agricultural sector and the alleviation of AIDS impact in food security.

 

George Bush analysed the bilateral relations between Angola and the United States

Luanda, 05/12 - The Presidents of Angola and the United States of America have discussed today, in Washington, the consolidation of the peace process and the democratic institutions in the African country.

President dos Santos, according to a press note from the meeting, has outlined to his counterpart and his top aides a complete view of the positive development of the situation prevailing in Angola, since the signing of the Peace Accords, in April 04, 2002, that put an end to the three-decade of armed conflict.

The president stressed the progresses achieved in the humanitarian aid field, which enabled the return and resettlement of more than three million displaced people, and the recruitment of teachers to attend over one million children.

At the same time, the Angolan Head of State informed that the country still in need of emergency aid from the World Food Programme (WFP), in which the US is its largest donor and thanked President Bush for the important contribution from the US.

Concerning the post-war reconstruction, the Angolan leader said that the effort of the country itself, is still very insufficient to restore important infrastructures, such as roads, bridges and power system, which are very useful for the economic development of the country.

Mr dos Santos called on the US for a more dynamic intervention, aiming the holding of the much-awaited international donors conference, in order to get funds for the rebuilding of a country devastated by a three-decade of war.
 


USA: Country Is Open To Investments In Various Sectors - Head Of State


Luanda, 05/12 - The Angolan President, Jose Eduardo dos Santos, affirmed on Tuesday, in Washington, while speaking during a meeting with US businesspeople, that Angola is open to investments in the most assorted fields.

The Angolan Statesman said that, seizing the opportunity offered by the African Growth and Opportunity Act (AGOA), Angola is also expecting for direct investments or partnership proposals, aiming the advantages of this programme, that expects, among other aspects, the export of products to the USA, with the regime of tax exemption.

"The measures that we have been taking in the internal level, for the relief of all bureaucratic process concernig the foreign investment and to make more attractive the conditions for those who invest will, certainly, attract them too``, he said.

Thus, Jose Eduardo dos Santos demystificating some inquietudes, considering that in Angola, the confrontation of idea remains, but settled in healthy basis of tolerance and respect for difference.

"There were reached, finally, the essential basis for the relaunching of the production activity in great scale and to define strategies of medium and long term development without forgeting the need of continuous adoption of measures that restore the confidence and hope to the most ill-favoured sector of the population, which was also the one that suffered most the consequences of the prolonged armed conflict``, affirmed the Angolan Head of State.

President dos Santos, added also that the constant talks with the international financial institutions, such as the International Monetary Fund and the World Bank, have enabling the reestablisment of the reciprocal confidence, which will lead to short-term agreements, capable to restore all the differences of the past opinion and to reintegrate the Angolan economy into the international plan.

Mr Jose Eduardo dos Santos is since Tuesday carrying out an official visit to the USA, where is due to meet today President George W. Bush, at the White House.

 

Cape Verde/Angola: Government Aims To Unmask Certain Biassed Circles

Praia City 05/10 - Angolan President, José Eduardo dos Santos, said Monday, in Praia city, that the recent decision of the Government to reveal all its oil bills, aims at unmasking intrigues which certain circles continue to propagate against the Angolan State and its main leaders.

In discoursing at an extraordinary session of the Cape Verdian Parliament, dedicated to his official visit to the archipelago, Eduardo dos Santos said that this attitude also happens due to an internal will for more transparency and is part of efforts relating to good governance "which curently enliven a lot of countries", committed to participate in an organised manner in the globalisation process.

In his speech, the Angolan Head of State stated that he has been following with interest the process of consolidating democracy in Cape Verde, since the first elections in February of the year 1991. "We noticed that since then the political alternation has been functioning well and that institutions carry out their duty freely", he stressed.

This, he added, has been carried out in the strict respect for the sovereign will of Cape Verdian citizens in the whole world.

Dos Santos added that he equally follows Cape Verde`s efforts to re-organise its economy, reduce the weight of the State, extend the private sector, attract foreign investment, increase exportation and improve the population`s living standards.

"These are processes which are conducted with prudence and a lot of wisdom by the power instituted in this country", considered the Angolan Statesmen, having congratulated Cape Verdians for the positive results and examples already attained.

He refered that Angola continues sheltering a numerous Cape Verdian community, which has been closely following the political and economic process in his country, using their civic rights whenever needed.

He reiterated the desire of incrementing cooperation between Angola and Cape Verde at all levels, overcoming all the hindrances which sometimes do not allow to execute the accords signed and the programmes and projects already decided.

He said that among both countries there is a privileged cooperation space, missing only to have an impulse in order for the excellence of bilateral relationship also to become in mutually advantageous accords for the population of both countries, in the institutional, economic, social and cultural level.

The plenary session which occured on Monday morning, counted with the presence of 72 MPs, the Premier, José Maria das Neves, members of the magistracy, of the Government of both countries, representatives of religious entities, the civil society and political parties.

Monday, in sequency of his three day-stay in this archipelago, the President of the Republic visits the "Agostinho Neto" hospital, one of the main and the biggest hospital of Praia city.

Accompanied by top figures of the Cape Verdian government, José Eduardo dos Santos visits the X-Ray premises, Surgery and Emergency Blocks and other structures.

Still this Monday, the President meets privately with Premier José Maria das Neves.

The presidential agenda for Monday afternoon reserved, among other activities, a trip to the "old city", where he will visit the São Filipe Royal Fotress, the See Cathedral Ruins, the Our Rosary Lady Church, followed by a short cultural activity.

 

American Ambassador Satisfied With Government Decision

Luanda, 05/06 - The Ambassador of the United States of America to Angola, Christopher William Dell, considered today, in Luanda, that Wednesday`s publishing by the Government concerning the oil sector diagnosis, "represents a very important step in the process of reforms and openings in Angola".

He said that this decision and another relating to the terms of the new contract between Angola and General Texaco in Bloco Zero, represent decisive steps in the transparency and opening of the country.

The diplomat equally said that "considering the lattest progresses attained in the International Monetary Fund (FMI) "i believe (...), in fact that Angola already made a very important change and that will also strengthen the good atmosphere when President José Eduardo dos Santos leaves for Washington".

The Government authorised on Wednesday the publishing of the oil sector diagnosis elaborated by KPMG survey firm, considering the actions it has been implementing in the ambit of good governing and transparency, before President José Eduardo dos Santos` official visit to the United States.

The referred diagnosis, it is remembered, assesses the management system of oil revenues, including the institutional organisation, accounting, financial and control proceedures, with the aim to give the Government instruments to increase this sector`s transparency and its managing capacity to monitor and evaluate the amounts and flows of revenues.


 

Parliament Authorises Government To Extend Block Zero Oil Concession

Luanda, 05/04 - The Angolan Government was today allowed, by the Parliament, to legislate on fiscal, exchange and customs issues, in the ambit of oil concessions attributed to the National Fuel Society of Angola, Public Firm (Sonangol - E.P.).

With this authorisation, the Angolan Government is able to extend the concession of Block Zero, located at far northern Cabinda province, attributed to CABGOC in the year 1966, by the Portuguese Government, through a contract which offered to this North American firm the status of exclusive concessionary for petroleum exploration until 2010.

By the 13/78 Act on oil activities, of 26 August, Sonangol became the exclusive concessionary and CABGOC stopped having this status, being composed with the national firm, AGIP and TOTAL "Joint-venture", whose contracts were approved by the decree number 29/86, of 30 December.

After interventions from some MPs of opposition parties, who desired to know the real value of oil revenues from Block Zero, the request for concession was authorised with 80 votes in favour, 11 against and 30 abstention.

During the ocassion, Finance Minister, José Pedro de Morais, stated that the revenues collected in the year 2003 were of 290 billion Kwanzas (USD 1 = 81,69), making up the most important part for the payment of salaries of public workers (130 billion), and 170 billion for the expenses with service rendering.

On his turn, the President of Sonangol`s Administration Council, Manuel Vicente, stated that extending the production period will have a profit of 16,2 billion dollars, 71 per cent belonging to the Government, Sonangol with 12 and the rest 17 per cent for associated firms.

 

Angola Hosts Tripartite Meeting On Okavango Basin

Luanda, 04/27 - Experts from Angola, Botswana and Namibia are since Tuesday gathered, in Luanda, at the 9th Meeting of the tripartite Permanent Commission, regarding the Okavango basin, discussing matters of commom interest on hydric resources.

For three days, the experts will assess the pace of the tri-national project about the studies which have been made on the Okavango Basin and the extent of implementation of the guidelines which came out of the previous meeting.

The tripartite commission created by the Governments of Angola, Botswana and Namibia, on 15 September 1994, in Windhoek, has the objective to establish agreements on the way these states should share the hydric resources in the Okavango basin.

This basin has as its components rivers which start in Angola (Kuito and Cubango), in the southand and south-east, and end up in Botswana (passing through Namibia).

According to the Spokesman of the meeting, Gomes da Silva, Angola as being in charge of the Coordination Unit for the studies on the basin, has the pleasure to host the first meeting in times of peace, stressing that everything is ready for the setting up of the unit which will be the headquarter, in Menongue (southern Kuando Kubango province).

He explained that for many years Angola did not do much about matters connected with international basins due to the war which swept the country, and also because of their geographical location difficult to get to, reason why Angola would only give technical and juridical support to the tripartite agreement.

The meeting is also being attended by representatives from ngo USAID, the UN Global Environment Facility, UNDP and FAO.

 

Kwanza-Sul: FAS Invests USD 1.5 Million In Social Projects

Sumbe, 04/20 - About 30 social projects, to be carried out from the second fortnight of May in Kwanza-Sul province, will consume a one and a half million dollars of the Social Aid Fund (FAS).

Part of the first phase of FAS III project, the execution of these are in building of schools, health centres, markets and basic drainage, in the districts of Sumbe, Kibala, Cela, Seles, Amboim, Ebo and Porto-Amboim, and counts with the financing of the World Bank, European Union and of the Angolan Government.

According to the Press Adviser of the fund`s provincial board of Kwanza-Sul province, Leonel Silva, carrying out of the refered projects will be anteceded by the preparation and launching of public competitions for building firms.

Around 121 social projects were carried out during FAS II in Kwanza-Sulprovince, estimated at four million 485.265.069 dollars, being 3.780.901.15 offered by the World Bank, 377.168.55 by Norway, 6.300 by the British petroleum and 320.895.99 by the Angolan Government.

The community contributed by means of free work and non specialised man power.

These projects cover the sectors of water and basic drainage, education, health, the economic- productive sector and environment, benefiting more than 190.000 people in the districts of Sumbe and Porto-Amboim.

FAS III project was launched this monday in the province of Zaire, an act witnessed by the Planning Minister, Ana Dias Lourenço, and was attended by FAS`s Director General, Victor Hugo, as well as respresentatives of the World Bank, European Union and members of the diplomatic body of Norway and United Kingdom.

 

ChevronTexaco And Social Partners Invest USD 40 Million In Agriculture

Luanda, 04/14 (Angop)- Some forty million US Dollars have been invested in agricultural production and food aid projects during the year 2003, in the provinces of Benguela, Bié, Huambo and Huíla, by several petroleum companies, including ChevronTexaco, and other American Non Governmental Organisations which operate in Angola.

According to ChevronTexaco`s director for public and governmental relations, in Angola, Fernando Paiva, who was speaking at the opening session of the national conference on agriculture, the projects are being implemented in partnership with the Institute for Agronomic Development and the Institute for Agronomic Research, both institutions under the control of the Ministry of Agriculture.

Besides ChevronTexaco, the said project, which is to mobilize over 900.000 people, counts with the participation of NGOs such as USAID, CARE, World Vision, Africare and Save the Children.

ChevronTexaco and other associate companies operating on "Block Zero" exploration area, in partnership with ACDI/VOCA and USAID have been implementing an agricultural programme in the northern Cabinda province, which is estimated at 3 million US Dollars.

Fernando Paiva also informed that the ChevronTexaco and associate firms of "Block 2" are drafting development projects for the agricultural sector of the northern Zaire province.

He explained that ChevronTexaco has been working with specialized NGOs aiming at giving prompt response to some of the challenges facing the country.

On his opinion to invest in agriculture enables the return to rural development resources, whose impact will reflect on poverty reduction and, consequently, an increase on family income. Angop/net/jmc

 

Tanzania: SADC Indicative Strategic Development Plan Launched

Arusha, 03/12 - The Regional Indicative Strategic Development Plan (RISDP), of the Southern Africa Development Community (SADC), was launched this Friday, in Arusha, Tanzania.

RISDP`s launching ceremony and the opening of SADC`s Council of Ministers meeting was attended by an Angolan ministerial delegation led by the Planning Minister, Ana Dias Lourenço.

The objectives of RISDP, on a short, medium and long terms, are food security, good governance, convergence and economic growth in the region, reabilitation, recovering and building of transports infra-structures.

The Regional Indicative Strategic Development Plan equally aims at promoting trade, Customs Unity and the creation of a common market in the Southern Africa region, in the ambit of strengthening and consolidating regional integration.

During the act, the President of Tanzania, Benjamim William Mkapa, said that RISDP aims at freeing member states from poverty and make their economies strong and sustainable.

The Tanzanian President considered that the plan also has other objectives in the social development sector, among which he highlighted the promotion of gender equality and the fight against HIV/AIDS.

Concerning AIDS, Benjamim Mkapa stated that no region in the world is more affected than SADC, adding that the future depends on what is currently done to avoid the disease.

After presiding the lauching of the Plan, the Tanzanian Head of State recieved in audience the Angolan Minister of Planning, Ana Dias Lourenço, who carried a message from President José Eduardo dos Santos, appealing for Tanzania´s support to the candidacy of the Angolan Luis Gomes Sambo to the post of Regional Director for Africa of the World Health Organization (WHO).

SADC`s Council of Ministers meeting, which began this Friday, happens until Saturday and among various issues are the debate about the financial contribution of member states, approval of the agenda for the extraordinary summit on food security, to happen in May, in Dar es Salaam (Tanzania), as well as SADC`s relationship with India and the European Union.

 

Angolans To Get Tele-medicine Treatment In South Africa

Luanda, 03/04 - Angolans suffering from illnesses which are difficult to be treated in the country will soon have the possibility to be assisted by specialists of South Africa public hospitals, through tele-medicine.

This methodology of treatment is inserted in a cooperation accord signed in January by the Angola Health Ministry (MINSA) and South Africa¦s National Health Department.

In this framework, an Angolan Commission made up by health technicians has been set up recently with the goal to monitor the execution of the agreement, well as create technical and human conditions for the materialization of tele-medicine (distance treatment through satellite).

The group is also assigned to enlist the hospitals to be geminated with others from South Africa, select the patients to be sent under the agreement, as well as coordinate the actions of cadres training.

In May 2002, the governments of Angola and South Africa signed a Memorandum of Understanding for cooperation in the various fields of health.

In January this year, the Minister of Health, Albertina Hamukwaia, moved to South Africa, where she signed a cooperation agreement with her local counterpart, Manto Tshabalala.

 

Italian Cooperation To Build 90 Social Infrastructures

Luanda, Mar 3 - About 90 schools and health centres will be built in seven out of the country`s 18 Provinces till the year 2008 on an Italian Cooperation funding on Wednesday here announced its director, Carlos Cibo.

The initiative, according to the source, is part of an emergency programme of the Italian Cooperation, meant to support Angolan needy populations.

Meanwhile, the Italian Cooperation has spent four million Euros in foodstuffs for displaced persons, demobilised soldiers and war victims.

 

SONANGOL And ESSO Announce Seventeenth Oil Discovery

Luanda, 03/02 - The National Fuel Society of Angola (SONANGOL) and Esso Exploration Angola (a member of the Exxon Mobil Corporation) announced the seventeenth oil discovery in deep waters of Block 15 of the Angolan offshore.

ANGOP learnt that the drilling of the well is of 3.589 feet deep (1.094 metres) of water layer and reaches a general depth of 10.613 feet. In the preparation phase, the well produced more than 2.000 barrels of oil per day.

SONANGOL and ESSO have alr3eady announced 16 discoveries at Block 15 in the last five years, namely Hungo, Kissange, Marimba and Dikanza (1998), Chocalho and Xicomba (1999), Mondo,Saxi and Batuque (2000), Mbulumbumba, Vicango and Mavacola (2001), Reco Reco (2002), Clochas, Kacocha and Tchihumba (2003).

Sonangol is a concessionry of Block 15 and Esso is an associate which has a 40 percent participation as an operator.

 

Government Pays Debt To Germany

Luanda, 02/27 - Angola will pay, until November 2005, 135 million dollars to the Government of Germany, to clear off the debt concerning the payment of its obligations with supplies and loans granted by the former German Democratic Republic (GDR).

The obligations are part of an accord signed in the year 2003 by the Governments of Angola and of Germany, says one of the recently published State Gazette, made available to ANGOP, in Luanda.

The payments to the former GDR, are part of accords signed on the 21st of October 1983 and on the 8th of January 1987, concerning the granting of commercial loans and supplies to Angolan buyers, carried out by foreign trade firms of the extinct German Democratic Republic.

For the payment of this debt, both Governments signed, in the same date, a second inter-governmental agreement which foresees technical adjustment about bank payments, pay methods and the amounts of each installment.

According to the technical adjustment, the first installment (USD 34 million) would be totally paid by December 15, 2003, the second one (67 million) will be paid by November the 1st 2004, and the last (34 million) by November 15, 2005.

 

EDEL Launches Electrical Energy Improvement Project

Luanda, 02/26 - The first stone of a project which aims at improving the supply of electrical energy in some areas of the Angolan capital, will be launched this Thursday in Cazenga district, by the Eletcricity Distribution Firm of Luanda (EDEL).

Esimated at 15 million dollars, the project will be carried out in the wards of Cazenga, Adriano Moreira, Hoji-ya-Henda, Petrangol, Sambizanga, Prenda, Rocha Pinto, Samba, Sagrada Esperança, Corimba, Golfe, Neves Bendinha, Kinanga and Palanca.

In ambit of this, 60 Electrical Posts will be installed to strengthen the current capacity and expanding networks to new residential areas in the refered zones.

The lauching act will be attended by the Minister of Energy and Water, Botelho de Vasconcelos, and the ambassador of China in Angola, representing the financing country.

 

Government To Request Microsoft To Set Up Repair Factory

Angolan Government will request Microsoft to set up a factory in Angola to repair and recover computers, so as to help reduce the cost of this technological device.

According to the coordinator of the National Commission for Information Technologies (CNTI), Pedro Teta, who gave the said information, if this request is accepted and materialized, citizens will be able to find computers at the price of 100 or 200 US Dollars, since a lot of people cannot afford to buy one with the current prices of 1.500 to 2000 US Dollars.

In this way, he said, the Government will be able to fulfil its policy of spreading countrywide the use of information technologies as well as the access to Internet.

Microsoft`s activities also includes collecting used computers, worldwide, recovering them and changing the software.

The CNTI also has a shop were they repair computers donated by petroleum companies.

Some of the repaired computers are being used to set up community centres, in the country`s main cities, with internet facility.
 

China Pledges To Support Angola`s Reconstruction

Luanda, 02/23 - Chinese ambassador to Angola, Zhang Beisan, on Monday, here, manifested to the Angolan Head of State, José Eduardo dos Santos, China`s willingness to participate in the national reconstruction of Angola and reinforce bilateral cooperation.

The Chinese diplomat expressed this pledge during a 20-minute audience he had this morning with president José Eduardo dos Santos, which took place in the Presidential Palace.

At the end of the meeting, the Chinese diplomat said to the Press that he also informed the Angolan president about the Chinese Government`s interest in strengthening the cooperation between both countries, in the economic field.

He added that Angola has all the conditions to develop the referred economic cooperation, explaining that both the Angolan statesman and the Chinese authorities are giving a lot of importance to the development of bilateral relations.

Zhang Beisan also said that during the audience president José Eduardo dos Santos expressed his condolences for the victims of natural disasters, which recently occurred in China.


 

Benguela: Social Aid Fund Invests Over USD 4 M In Infra-Structures

Benguela, 02/20 - At least USD 4.4 million is the amount invested by the Social Aid Fund (FAS) in the building of social, economic and productive infra-structures during the 2000/2003 period in south-western Benguela province.

The projects, from which 41 belong to the education sector (schools and training centres), 17 for health centres and others in the water and productive sectors, will benefit about 92.375 people in the districts of Benguela, Lobito and Baía-Farta.

Speaking to ANGOP, on Thursday, the Director of FAS in Benguela province, Carlos Guardado, affirmed that the construction of infra-structures represents the fulfilment of the outlined goals, despite different constraints.

He added that to solve this situation, various training seminars directed to staffs of municipal and communal administrations were held.

Mr Guardado explained that the Social Aid Fund will only finance and fiscalize the projects, which will be approved in municipal administrations, therefore, there is a need of a greater intervention by its officials.

 

Macro-Economic Assistance Project Estimated At USD 20 Million

Luanda, 02/18 - The implementation of the project to provide Technical Assistance for Macro-Economic Management (ENTA) is estimated at 20 million US Dollars, out of which 16.6 million is a contribution from the World Bank (WB) and the remainder from the Angolan Government.

This information was given today by the coordinator of ENTA, Luís Filipe, alongside a seminar which served to launch and give clarifications about the project.

The project, which was approved on 27 May 2003, is essentially turned to matters relating to the country`s socio-economic development, mainly the fight against famine, malaria, tuberculosis and other problems identified by the Angolan State.

This has been adopted by the Government for better management of public resources, statistics, outlining new methodologies to implement sectoral and provincial strategies on the programme of Public Investiments and assistance to the National Reserve Bank in the implementation of payment procedures in the country.

The project is being implemented jointly by the ministries of Planning and Finances, as well as the National Reserve Bank and the National Institute for Statistics.

The deputy Planning minister, Carlos Alberto Lopes, who opened the seminar, highlighted the strategic impact of the project in the perspective of economic development.

According to the deputy Planning minister the credit to implement the ENTA project is mainly aimed at introducing substantial improvements in the management of public resources, and is part of the World Bank`s transition strategy.

The seminar, which will end on Friday, is being attended by workers of the ministries of Planning and Finances, as well as officials from the Angolan National Reserve Bank, National Institute for Statistics and the World Bank.

 

Angola and China Sign Intentions Protocol On Construction

Luanda, 02/17 - A protocol of intentions in the field of civil construction was signed this Tuesday, in Luanda, between the National Direction for Construction Materials of the Public Works ministry and the Chinese Fine Chemicals Company.

The document was signed by Angola`s national director for Construction Materials, Sousa e Santos, and the general director of the Chinese Fine Chemicals Company, Wei Qi.

The protocol, which is under the responsibility of the Public Works Ministry, is to be implemented by Angola`s private sector and the referred Chinese company.

According to the agreement, the Chinese company has to be build, in the central Kwanza-Sul province, a cement factory, a commercial centre to sell construction materials and a ceramic shop to make roof-tiles and bricks.

The document also includes the building of houses in the provinces of Luanda, Benguela and Huambo.

According to the Public Works minister, Higino Carneiro, the inauguration of some of the projects will happen next year.

 

Prime Minister Off To NEPAD Summit

Luanda, 02/13 - The Angolan Prime Minister, Fernando da Piedade Dias dos Santos "Nando", left the country Friday bound for Kigali, Rwanda, to attend the 9th Summit of the Committee of Heads of State and Governments on the implementation of the New Partnership for African Development (NEPAD).

Mr Fernando da Piedade Dias dos Santos will represent the Angolan President, Jose Eduardo dos Santos, and on February 14, the Premier will meet various African Heads of State to debate the progresses achieved by NEPAD.

The meeting will have has main topic the adhesion to mechanisms allowing participating African countries control the developed actions meant to promote good governance and efficient management, plus respect for human rights.

The Heads of State might also approve the criteria of evaluations proposed by a panel of experts and set up a timetable for assessments.

In the ambit of this mechanism, countries such as Ghana, Kenya, Mauritius and Rwanda will be assessed yet this year.

Besides those countries, 12 more countries already adhered to the mechanism, namely Nigeria, Cameroon, Gabon, Republic of Congo, Uganda, South Africa, Mozambique, Burkina Faso, Mali, Senegal, Algeria and Ethiopia.

Established in 2001, the NEPAD intends to help the African continent get rid of under-development, by attracting private investment with the guarantee of "good governance" by the Africans.

Materminders of this initiative are the Presidents of South Africa, Thabo Mbeki, Senegal, Abdoulaye Wade, of Nigeria, Olusegun Obasanjo, and Abdelaziz Bouteflika, of Algeria.

 

National Diamond Company Offers Award To Head Of State

Luanda, 02/11- The directive board of the State-owned National Diamond Company (ENDIAMA), on Wednesday, here, offered its international "Quality Crown Award" to the Angolan Head of State.

It is a golden trophy and a Diploma of Merit passed last December, in London, by the international marketing corporation, Business Initiative Directions (BID).

BID has given ENDIAMA the referred award for the way the company has been conducting its business, providing continuous staff training as well as the positive way its been transforming the communities in the diamond exploration areas.

ENDIAMA has been selected from a list of 9500 companies worldwide, through a voting which took place in the Internet.

Business Initiative Directions (BID), was founded in 1964, started its promotion and marketing actvities in 1968, and it has given awards to companies of about 166 countries.

Speaking briefly, the Angolan Head of State, José Eduardo dos Santos, said that he hopes he can count on the continuous commitment of ENDIAMA to develop the country`s diamond exploration sector.

Meanwhile, the Angolan minister for Geology and Mining, Manuel Africano, said that the International Award received by ENDIAMA demonstrates, unequivocally, that the Angolan Government is on right track, adding that it is necessary to widen the notion of mineral resources exploration in the country.

 

Cabinet Approves National Farming Development Programme

Luanda, 02/12 - Angola`s Cabinet Council Standing Commission Wednesday in Luanda approved the National Programme on Farming and Cattle Raising at a session chaired by head of State José Eduardo dos Santos.

A communiqué released at the end of the meeting states that the programme aims at food self-sufficiency in cereals and beef and setting up an industry for poultry, seafood and beef derivatives.

The project requires about Usd 200 million of which 85 percent will come from external aid to help meet the country`s needs with imported goods and services.

The implementation of the programme is expected to provide direct and indirect jobs and requires the drafting of sub-programmes of support in the domains of training, research and construction of communication and storing facilities.

The Cabinet Standing Commission analysed as well the evolution of the country`s monetary, exchange and real markets and gave the Finance minister green light to enforce a set of measures in the fiscal, exchange and monetary domains, with a view to securing the macro-economic stability trend and generate as many jobs as possible.

 

Huila: Government Spends USD 500,000 In Bridges Repair

Lubango, 10/02 - About USD 500,000 will be used from next April in rehabilitation of two bridges at Kuvango and Jamba districts, both located in south-western Huíla province.

Speaking to Angop, today in Lubango city, the provincial director of the Public Works Ministry, Jose Teofilo, stated that the referred bridges are the ones over Colai and Kuvango rivers, with 40 and 85 metres , respectively .

The project, part of the public investments programme for this year, will be in charge of the National Bridge-building Company (ENP).

Kuvango and Jamba Municipalities are located at 350 and 256 kilometres of Lubango city.

 

Huila: Norwegian Organization Offers USD 2.5 Million For Refugee Aid

Lubango, 10/02 - At least USD 2.5 million will be used this year, by Norwegian Council for Refugees (NCR) in a refugees resettlement and returning programme in Southern Angola.

According to Jon Telum, representative of the organization, who was speaking to Angop in Lubango city, the amount will be used in the rebuilding of 60 houses for the rural population in the province of Namibe and acquisition of farming materials for the population in Huila province.

Mr Jon Telum explained that his organization has in place a cattle-breeding project, for the newly-resettled people, as well as refugees coming from neighbouring Namibia, Zambia e Botswana.

The NCR is going to give logistical support to the refugees, as well as to hire vehicles to transport them, and to train community trainers and health activists.

In the southern region of Angola, the Norwegian organization normally assists about 130,000 people in monthly basis, specially those living in the municipalities of Mavinga, Cuchi, Cuangar and Calari (Kuando-Kubango), Caconda and Chipindo, (Huíla). In 2003, the NCR spent about USD 2.5 million in similar projects.

 

Country To Get USD 200 Million To Reconstruct Infrastructures

Luanda, 02/10 - In the framework of the bilateral cooperation with Angola, the Bank for Development in Southern Africa (BDSA) will open a credit line of 200 million US Dollars for the country, which is intended mainly for the reconstruction of roads infrastructures.


It is a long term financing which will mobilize resources to contribute to a fast implementation of Angola`s economic programme.

According to Aguinaldo Jaime, with this financing conditions are now created for other accords, the opening of more opportunities, in different areas.

Initially, the Savings and Credit Bank of Angola (BPC) will get 30 million, and according to its chairman of the Administration Council, Paixão Júnior, the referred amount will be used in the execution of projetcs in telecommunications, rehabilitation of roads infrastructures, reconstruction of bridges, airports and ports, as well as in the branch of real estate property.

BDSA is the first South African bank to open a credit line of investiments for Angola.
 

Lobito/Huambo Railroad Rehabilitation Through in December

The Benguela railroad has a key role for the development of Angola and of Southern Africa

Luanda, 02/10 - The rehabilitation of the Lobito/Huambo 450-kilometre railroad will be complete by the end of December this year, the director general of the Benguela Railway (CFB) told journalists today in Luanda.

Daniel Kipaxi said that 98 kilometres of railroad have so far been repaired in Angola`s central Benguela province, plus 34 in the Huambo region, also centre.

The work consisted in the fitting of sleepers, rails and repair of bridges, demining of the road, the source added.

According to Daniel Kipaxi, there is a CFB programme, designed by the Government, that comprises four phases of work.

The first phase includes the stretch between Benguela and Huambo, (both centre) while the second comprises the stretch between Huambo and Bie (centre). The third will go from Luau to Luena (eastern Moxico province), whereas the fourth will connect Luena with Bié.

In addition to the rehabilitation of the railway, the project includes the construction and repair of the various stations along the road.

Currently, the working brigades are engaged in the connection between the Benguela province`s Lobito port city with Huambo, the source said.

Despite some constraints arising from landmines on the Benguela/Huambo stretch, 218 kilometres might be complete by December this year.

He said that most of the material and equipment purchased by CFB for the rehabilitation of the railway are already in the country.

With 1.165 kilometres of length, CFB stretches from the coastal Benguela province up to the locality of Luau in far eastern Moxico province that borders with neighbouring Republic of Zambia.

Owned by the Angolan State, CFB was run by a Belgian firm, under a lease that lasted till more than four years ago.

The CFB is a key element not only for the recovery of Angola, but also for the traffic of goods within central and southern África.

 

Kwanza-Sul: Bridge Repair Costs USD 500.000

Sumbe, 10/02 - At least USD 500,000 is the amount to be used in the rehabilitation works of the bridge over Cambondo river, located in Sumbe city, coastal Kwanza-Sul province, informed this Tuesday the director of Public Works, Anenias Manuel.

The works, being implemented by the National Institute of Bridges, began last January 20 and is due to end by next May.

According to Anenias Manuel, currently the work is focused on the reinforcement of the bridge`s concrete physcial structure, following the protection of the river`s banks and bed, which tends to change its course, due to the increase of its discharge.

He guaranteed that, while the works are on course, the traffic will be as usual in all directions (north and south), considering the importance of this bridge in the region`s economy.

The bridge over Cambongo river is in the city of Sumbe, in the road which connects the cities of Sumbe and Porto Amboim.

 

Benguela: USD 80 Million for Railway Demining

Lobito, Feb 09 - At least Usd 80 million will be used for the completion of Angola`s Benguela RailWay (CFB) demining a process that has been in progress for the last two years, a source from the company told Angop today here.

The delay in the works resulting from the lack of financial resources, is worrying the CFB management, in view of the goals set for the year 2004, with highlight to the restore of the connection between the central provinces of Benguela and Huambo.

The source added that the teams involved in the landmine clearing are only working over a 20 kilometres stretch of the railroad.

Meanwhile, CFB director general, Daniel Quipaxe, recently spoke of the existence of explosive devices on the railroad as the main hindrance to the works, after the rehabilitation of the bridges over the Cubal (Benguela) and Kunhongama (Huambo) rivers.

He also said that the Cuando hydroelectric dam that supplies power to the CFB in Huambo has been rehabilitated.

He also mentioned the launch of two locomotives on the road, works on the Sapa River and purchase of demining and communication equipment and other things.

With 1.165 kilometres of length, CFB stretches from the coastal Benguela province up to the locality of Luau in far eastern Moxico province that borders with neighbouring Republic of Zambia.

Owned by the Angolan State, CFB was run by a Belgian firm, under a lease that lasted till more than four years ago.

 

Over Two Million Dollars Invested In Food Industry

Lobito, 02/09 - The "Alves e Irmãos" business group invested more than Usd two million last year in Lobito, Angola`s central Benguela province, in the construction of two wheat flour and tomato transforming plants meant to boost the food industry in the region.

The construction of the plants with the capacity to transform 500 tons of wheat flour into biscuits a day and 10 tons of tomato into sauce, constitutes one of the great challenges to the private business group under the "Industria Alimentar Reunida" (INAR) in 2003.

In the same period, the group built as well a factory of containers for water and alcoholic drinks, with a capacity to produce 3.000 units per hour.

A source from INAR (Reunited Food Industry) announced today that nine bakeries will start working this year in the province, after the launch of the wheat transforming plant.

INAR is planning to create 500 new jobs, in addition to its current 200.

 

Lunda-Norte: Prime Minister Inaugurates University Unit In Dundo

Dundo, 02/02 - A Higher School of Pedagogy was inaugurated today in Dundo, Angola`s northeastern Lunda-Norte province, by Prime Minister, Fernando da Piedade Dias dos Santos, in what is seen as the expansion of University teaching to that diamond-rich region of the country.

The Higher School of Pedagogy is housed in a newly built 23-classroom complex, with two laboratories, a conference hall, a computing room, and an internal library, all nicely equipped, having a capacity for 1.000 students per shift.

Estimated at Usd 2.8 million, including the equipment, the School was designed to run higher degrees in pedagogy. From the functional point of view, the University unit is methodologically under Agostinho Neto University (UAN) chancellery, but receives logistic and financial support from the State Budget.

To this end, the provincial governor, Gomes Maiato, and UAN deputy chancellor for academic matters, Suzanete da Costa, signed today a cooperation protocol covering all tasks concerning the functioning of the Unit.

This includes the definition of the courses to be run, the upgrading of locally recruited lecturers, the designing of course syllabuses, students admission tests and preparation of preparatory courses.

Seeking a better performance of the institution, seen as the most relevant social undertaking over the seven years Gomes Maiato has been running the province, a 300-bed hostel will be built near the University Unit.

The hostel is meant to accommodated students from neighbouring provinces like Lunda-Sul, Moxico and Malanje.

The prime minister that started a two-day working visit to Lunda-Norte, met with local Government members who presented to briefed him on the pace of implementation of development projects in the province.

The projects include that towards improving and increasing the supply of basic social services to the populations, under the 2003/04 biennial, that has been accomplished by 50 percent, according to information supplied to the press.

The actions under this programme are focused on in the fields of education, health, public works, electricity and waters. Under the Government Public Investment Plan, stress goes to the rehabilitation of and re-equipping of the provincial Government headquarters, equipping of the protocol residence of the provincial governor, and two residential condominiums with a total of 44 houses, a provincial library and two sporting sites, all in Dundo.

Also complete are the works of rehabilitation of the Provincial Court.

As to the province`s Development Directing Plan, Gomes Maiato`s government is carrying out actions aimed at its drafting for the 2004/08 period.

Meanwhile, Angop received a document containing the draft of the province`s economic growth model that combines the interests involved in the exploration of diamonds and those of the local population.

The document will later be submitted to the Cabinet Council for approval.

The prime minister and the central Government members accompanying him, visited the Luachimo hydroelectric station, the Caconda agro-farming project, a school and medical centre at Samunhinga compound and the works on ravine that is threatening to block road traffick and separate some compounds of Dundo.

In the afternoon, the prime minister is receiving representatives of political parties, churches, traditional authorities, socio-professional associations, trade unions, NGO`s and others.

On Tuesday, the programme includes visits to two new Dundo city residential areas, the ethnographic Museum, the provincial hospital, before a meeting with the Council of the Province.

This is the first time this year prime minister Fernando da Piedade Dias dos Santos visits Lunda-Norte, as part of a programme that led him last year to nine other privinces.
 


Microsoft To Build Computing Academy In The Country


Luanda 01/30 - World computing leader "Microsoft" will build, in Angola, an academy of computing and assist the Government to create its website.

According to a cooperation agreement recently signed in Davos (Switzerland)between the Angolan government and Microsoft", the computing firm will also offer instruments which facilitate communication between the citizen and the national government.

Microsoft will equally establish, in the country, computer contents for schools, training of teachers and advisory in the educational reform (in the sector of information technology), as well as offer products of Windows operational system.

From the agreement, Angola hopes to acquire mechanisms which assure the creation of a national software industry, like in India, Tunisia and Egypt. The agreement was signed on the 23rd of January 2004, during the World Trade Summit.

Angola was represented by the Vice-Minister of Science and Technology, Pedro Sebastião Teta, who revealed the fact to Angop

 

Cotton Production Re-launched In Lower Kassanje

Malanje, 01/30 - The re-launch of cotton production, cattle-raising, pisciculture and poultry breeding, in the northern Malanje province, are part of a project to be implemented, in the next few days, by the surviving descendents of the Lower Kassanje peasants who were killed in the decade 0f 1960 by the then colonial authorities.

The project, estimated at 342 thousand Dollars, aims at taking advantage of the region`s potentialities in terms of agriculture and cattle-raising, as well as increase the offer of basic products, thus, improving living conditions of the people.

This project also includes the rehabilitation of the road which connects Lower Kassanje to the Malanje capital town, as well as the creation of technical conditions to enable an efficient execution of projects.

Besides Lower Kassanje, the project will be extended to some other municipalities of Malanje and the neighbouring Lunda-Norte province.

The Lower Kassanje region comprises six municipalities of Malanje and five of Lunda-Norte.

 

Cabinet Analyses Strategy To Fight Poverty

Luanda, 01/301 - Cabinet Council is gathered today, since morning, in Luanda to analyse, among other documents, the strategy to fight poverty and a proposal of a bill to regulate the petroleum exploration system.

Chaired by the President of the Republic, José Eduardo dos Santos, the meeting which ends today, is also going to analyse a proposal of a bill which outlines the alteration Luanda`s political and administrative division, as well as the document of the National Inter-Sectoral Commission for Demining and Humanitarian Assistance to victims of landmines.

The Cabinet Council will equally analyse the participation of national entrepreneurs in the fabrication of equipment for water distribution, among other aspects.

 

Portuguese Businessmen To Invest In Benguela Province

Benguela, 01/30 - Visiting Portuguese businessmen with the Opporto City based Institute of Support to Industrial Firms will invest in the development of Benguela province`s industrial sector in view of the business opportunity noted in the region.

This was said by the head of the Portuguese business delegation that ended on Thursday a visit meant to survey the Benguela potential, adding that some projects have been identified that might be implemented soon.

Antonio Castro Vide who would not disclose the costs, pointed out the sectors of energy, metal-mechanics and textile industry as the priority.

Thus, the source said that the strengthening of the higher education in Benguela within the terms of the cooperation with the Agostinho Neto University, will deserve a special attention from the businessmen.

During the 24 hours stay in the province, the Portuguese business delegation met with local counterparts with a view to outlining strategies for the setting up of partnerships in various fields of activity.

 

Angola and Brazil Sign Accord On Fisheries

Luanda, 01/30 - Angola and Brazil on Thursday signed an agreement on technical training in the fields of fisheries and aquaculture to last until one of the country notifies its intention to put and end to it.

According to Angolan Minister of fisheries, Salomao Xirimbimbi, at a first stage, the country will strengthen scientific research, coupled with technical and professional training of personnel in the area of fisheries.

The Minister announced that in addition to sending personnel abroad and in order to widen training in the sector of fisheries, the Government will build a higher training school in Namibe province (southwest) this year, for which funding has already been secured.

The agreement signed by both fishing incumbent ministers, SalomÒo Xirimbimbi (Angola) and Jose Fritsch (Brazil) follows negotiations that started in 2001 between the two states.

Accompanying Jose Fritsch in this trip to Angola are Brazilian business related people that operate in various areas of fishery. The visiting delegation arrived in Luanda on January 25th.
 


Construction Of Motorway Forces Demolitions

Luanda, 01/30 - Several residences and other structures along Catete road will be demolished to allow the construction of a motorway which will go up to Viana district, in Luanda, announced Wednesday, here, the coordinator of the managing comission for the Province, Higino Carneiro.

Higino Carneiro, who was speaking at the end of a working visit to Kilamba Kiaxi district, added that due to the increase of vehicles in Luanda and the city`s expansion to Viana that road registers heavy traffic-jam during the day.

According to him, other buildings with several floors, located at Neves Bendinha Kilamba Kiaxi, might be demolished as they violate Luanda`s urbanization plan and put at risk the air navigation.

The Government will take the responsibility for any works done on authorization, he asserted, but warned that public agents will respond before the court for any individual authorisation for undertakings.

Commenting on plots of land occupied by soldiers, he said solutions will be found to safeguard the interests of Luanda urbanistic planning, and admitted the possibility to legalize the mentioned plots, but respecting the standards and the law.

Higino Carneiro also spoke on the construction of a new dumps parallel to the one under construction in Cacuaco district to avoid that rubbish removal trucks move long distances.

The head of the managing comission has pledged to built 500 classrooms in Luanda in six months.

Higino Carneiro aknowledged that the problems are common, adding that priority must be set having into account the necessities and financial capacity, to overcome the situation.

 

New Constitution Brings About Major Clearness To The Political System

Luanda, 01/28 - The Co-ordinator of the Technical Commission that worked out the draft-bill for the future Constitution, Rui Ferreira, Tuesday said the country`s future chief law will bring about much more clearness to the Angolan political system and citizens will dispose of more sureties with regard to respect of their rights.

Rui Ferreira, who was addressing press after the presentation of the draft bill to members of the Constitutional Commission of the National Assembly (Parliament), added that the country will give a step forward for the affirmation of the society`s democratic nature.

Besides the preface, the future Constitution is divided in three parts and entails 351 articles. Due to its extension, each part is structured into titles and chapters.

The Jurist said the issues were analysed from the technical point of view by a team work, which used the nine projects of proposal for the Constitution presented by the Angolan political parties, namely MPLA, UNITA, PDP-ANA, PLD, PRS, FDA, PNDA, FNLA and PSD.

Meanwhile, he said this draft-bill, is the best found from the nine analysed proposals, particularly those presented by MPLA, UNITA, PDP-ANA, PLD and PRS.

On the other hand, MP Carlos Magalhães told press that Constitutional Commission members have 30 days to discuss the document with their respective parties, and the Commission will meet again on March the 3rd.

This Commission was set up in 1998 and has 44 members, being 25 from MPLA (ruling party) and 15 from UNITA (main opposition), whereas FNLA, PRS and PLD have one MP each.

A lone MP represents the other parties with only one seat in Parliament, namely AD-Coligação (a coalition of small parties), PNDA, PSD, PDP-ANA, PAJOCA, PRD, FDA.

 

Head Of State Proceeds With Cabinet Reshuffle

Luanda, 01/28 - President of the Republic , José Eduardo dos Santos, proceeded today his Cabinet reshuffle, by issuing a Presidential Decree, in which he dismisses the provincial governor of Zaire, Ludi Kissassunda.

According to a note from the Presidential Support Services Office , were equally dismissed from their respective posts, Eduardo Severim de Morais and Manuel José Nunes Júnior, deputy ministers for Planning and Finances, respectively.

Carlos Maria da Silva Feijó, advisor of the President for regional and Local matters, Frederico Manuel Silva Cardoso, Assistant Secretary of the Cabinet Council and Adriano Rafael Pascoal, Vice-Governor of the National Reserve Bank, were also dismissed by Presidential Decree.

On the other hand, the Head of State, appointed Carlos Maria da Silva Feijó to the position of Head of the Presidential Office for Civil Affairs, Pedro Sebastião as governor of Zaire, and Eduardo Severim de Morais to be the deputy minister of Finances.

Luís de Assunção Mota Liz, who is at present deputy Attorney General functioning at the National Department for Criminal Investigation (DNIC), was appointed to be the Assistant Secretary of the Cabinet Council

 

Ericsson Dealer To Boost Investments In Angola

Luanda, 01/27 - The representative of the Ericsson wireless in Angola, Leif Biureborg, showed on Monday, here, the interest of his institution to increase, soon, its investments in Angola in the field of telecommunications.

Speaking to Angop at the end of a seminar on telecommunication, Leif Biureborg, said that his institution intends to invest in a wide range of telecommunications, such as infrastructures, cables, mobiles, operators and increase the customer service among others.

A 16-businessmen Swedish delegation is in the country since January 25, to analyse the Angolan market in the sectors of telecommunications and energy.

On his point of view, in a time that the country is living in peace, it is the opportune moment to aid the reconstruction of the infrastructures of telecommunication and other future investments.

According to the Ericsson representative in Angola, the move is of a great interest, in this period of national reconstruction, as it will enable the strengthening of trade relations between both countries.

In this ambit, he explained that the Swedish businesspeople are now working in partnership with the Angola Telecom Company and the Post Office and Telecommunication Ministry.

The Ericsson was establish in 1888 and is represented in 146 countries, being one of the world`s leading telecommunications firms.

On the other hand, the director of Angola Telecom, Eduardo Avelino, affirmed that Angola had a positive result on the cooperation with Sweden in the period of the extinct National Company of Telecommunication (Enatel).

The official added that it will be positive for a possible new cooperation in the field of telecommunications with Sweden, taking into account its technologic and management development.

 

Benguela: Factory Of Oil Prospecting Material Starts On February

Benguela, 01/27 - A factory of oil prospecting material in the off-shore system of Angola`s south-west Benguela province, astricted to Angoflex company, will start functioning next month.

An official source with the management of the Angoflex company, told Angop that after four months of tests on the machinery and on the material to be manufactured, the experts concluded that the factory is in conditions to produce the underwater pipes.

With a capacity to produce about 50,000 meters of underwater pipes per year, this is the first factory to aid the oil operations, built up in Africa, the fifth in the world, after France, United Kindom, Brazil and USA.

Established by Sonangol (Oil Company) and the French Multinational Technip- Coflexip, the Angoflex, whose capital is estimated at USD 370,000, is of Angolan ownership, being 70 percent for the foreign multinational and the rest for the National Society of fuel (Sonangol).

The agreement on the establishment of the company was celebrated on 2000 and approved in 2003.

The factory will create at least 100 jobs, 90 percent of them recruited in south-west Benguela province.

 

Bié: USAID Invests 54 Million In Social Projects

Kuito, 01/23 - At least USD 54 million are being used in projects of socio-economic resettlement and reintegration of ex-soldiers of UNITA, in five of the country`s eighteen province, informed on Thursday, in Kuito (Bié province), the representative of the United States Agency for International Development (USAID), Robert Hellyer.

According to the source, the institute is financing a project called CIDRA, Consorcium of Development and Aid to Angola, which is benefiting about 150.000 families in the provinces of Benguela, Huambo, Bié, Huíla and Kwanza-Sul.

In the ambit of this project, started last March and running for 18 months, it was acquired 600 tones of different products, like maize, beans, mealie meal, cooking oil and working instruments.

USAID is also financing seed multiplying projects, sustenance farming and rehabilitation of roads.

During his few-hour visit to central Bié province, Robert Hellyer was accompanied by the representative of CARE International in Angola, Rob Sehanell, and of Chevron Texaco, main financiers of these projects, and also met with the provincial governor, José Amaro Tati.

 

Managing Commission Promises Severe Actions To Improve Situation

Luanda, 01/20 - The Co-ordinator of Luanda Managing Commission, Higino Carneiro, has promised severe measures to change the current "dramatic scenario" and improve the quality of life in the capital city.

Higino Carneiro was speaking in the ceremony of presentation of the newly appointed Managing Commission for Luanda, also integrated by António Van-Dúnem and Job Capapinha.

"In accomplishing our duties, we will take severe measures to change the dramatic scenario Luanda and its inhabitants are living in, although in a balanced and prudent way, with a view to primarily defend and improve the quality of life of its inhabitants and visitors", he underlined.

He appealed for comprehension, collaboration and respect for the positions which will eventualy be adopted, for they aim the well-being of everybody, adding that the Commission`s performance requires a thorough study and the fulfilment of dynamic actions, in order to respect deadlines and achieve the predicted results.

Higino Carneiro also said to be fully conscious of the assigned mission, having requested the collaboration of responsibles and workers of the provincial Government, "so that together we can overcome the challenges".

Mr Carneiro, asked the Minister of Territory Administration, Faustino Muteka, who presided the ceremony of introduction of the new dignataries, to intercede with the central Government to ensure that it provides all the necessary support, in order to make Luanda dignified and, in reality, the country`s proud.

He announced the holding of meetings with all responsibles, to make themselves acquainted with the level of organisation of organs and services, as well visits to different municipal administrations, and to understand how they operate and relate each other with the provincial structures.

 

Relations With Canada To Be Reinforced

Luanda, 01/20 - The Foreign Affairs Ministries of Angola and Canada will create, in the next two months, working groups to establish an agenda of negotiations, aiming at strengthening bilateral relations in various domains.

The information was given today, in Luanda, by the Angolan deputy Foreign minister, Jorge Chicoty, at the end of a meeting he had with a Canadian delegation, that is in the country since last Sunday.

"There is a great interest between the two countries and, in this way, we have concluded to create working groups to establish a general cooperation agreement in the areas of commerce, promotion, investiments, among others", Jorge Chicoty said.

According to the Foreign minister, the Angolan Government has shown interest in strengthening relations with Canada, because, this country belongs to the G8 Group, and has enormous potentialities.

The visit to Angola of the Canadian delegation happens in sequence of a meeting the Angolan Foreign minister, João Miranda, had with his Canadian counterpart in 2002, in New York.

In this way, Canada will explore the possibilities of cooperation between the two countries and, eventually, open a diplomatic representation in Angola.

On his turn, the head of the Canadian delegation, David Strangway, considered the relations between the two States as excellent, adding that his country has played a very significant role in the Angolan peace process.

David Strangway is son of a former missionary who worked in Angola in the decade of 1920, until 1967, and was the principal of two universities in Canada, having also been the astrophysicist of the first USA mission to the Moon.

 

South-Korea Willing To Reinforce Cooperation Relations

Luanda, 01/20 - The Government of South-Korea reiterated on Tuesday its willingness to reinforce cooperation relations with Angola, mainly in those areas which contribute more rapidly to the country`s reconstruction and development.

This disposition was manifested by the non resident South-Korean ambassador to Angola, Hwa Han, coming out of a farewell meeting he had with the Angolan prime-minister, Fernando da Piedade Dias dos Santos, for the end of his diplomatic mission to the country.

According to the diplomat, the economic potentialities of Angola and its human resources, if conjugated with the South-Korean technology, are factors that can benefit the reconstruction and development of this African country.

Companies such as Huyndai, Daewoo and others already implanted in Angola as well as those that are coming after, will certainly contribute to the country`s efforts of development, including in decisive areas such as the crude oil sector, roads and railways infrastructures.

In the farewell meeting the South-Korean diplomat was accompanied by the resident honorary consul in Luanda, Jaime Freitas.

Hwa Han, who is also resident ambassador to South Africa, represented his country to Angola in the past two years.

 

Construction Of Motorways Priority For Public Works Ministry

Luanda, 01/20 - The construction of motorways in the routes Viana/Cacuaco and Cacuaco/Ramiros, as well as the launching of tenders for the construction of Fastlanes in the route Luanda/Viana and Luanda/Kifangondo, are some of the priority actions included in the emergency programme of the Public Works Ministry, for the year 2004.

According to the Public Works minister, Higino Carneiro, who gave these information on Monday, during a Press conference, adding to those priority actions are tasks such as the building of markets and five thousand houses in the area where the Public University Campus construction site is.

According to the minister, the project of houses construction is intended to help young people with most serious social difficulties to get a home, which they will pay a rent for.

The minister also informed that other urgent interventions have been outlined, in various domains, which includes the routes Luanda/Bengo province, Dondo (Kwanza-Norte province)/ Malanje and Caxito (Bengo)/Uije province.

He stressed the idea that national building companies should act with greater capacity and protagonism. He informed that at present the companies which are better prepared for large scale public works activities are "Paviterra" and "Mota Company", which can carry out road works on a length of 150 kilometres to 200 kilometres per year.

Higino Carneiro also informed that the re-construction of the cities and townships destroyed by the war started last year, with the implementation of the programme in the central Bie province.

 

Government`s Economic Team Meets With World Bank Official

Luanda, 01/20 - After Monday`s meetings with the ministers of Planning, Transports and Health, the director of the World Bank for Southern Africa, Luis Kassekene, meets on Tuesday afternoon with the government`s economic team.

The agenda includes a discussion of the economic performance of Angola in the year 2003 at the light of the recommendations of monitoring agreements signed between both sides, which are related to the financing of social projects.

On last August, the Government approved a credit agreement with the World Bank aiming at the concession of USD 55 million for the third phase of the Social Aid Fund (FAS).

These are projects being implemented in the provinces of Luanda and Bengo, aiming at increasing the access of communities to the main basic services.

For this purpose, Lui Kassekene travelled Tuesday morning to Bengo province, where he will get acquainted with the progress on projects.

On Monday, Luis Kassekene discussed with Planning Minister Ana Dias Lourenço about the level, plan and strategies of implemention of FAS` projects and other actions on course in the country and being sponsored by the World Bank.

With the minister of Transports, André Luis Brandão, the discussion focused on the reconstruction of Railway and road infra-structures, while with the Health minister, Albertina Hamukuaia, they analysed issues on the reduction of HIV/AIDS rate.

 

Capanda Dam Ready To Supply Electricity To Luanda

Luanda, 01/16 - Prime Minister Fernando da Piedade Dias dos Santos Thursday said "it is all set for Capanda Hydroelectric Dam, in Malanje, to start supplying electricity to Luanda province, in this first phase.

The premier said this after a working visit to the Dam, on completion of the first experimental tests for the functioning of its first hydraulic turbine.

According to technicians with GAMEK, (Office for the Exploitation of the Middle Kwanza) the company that coordinates the project, the tests occurred in the period between January 05-10 and consisted of transmission of electrical energy to Luanda, through Cambambe Dam, located in Kwanza-Norte province.

This turbine, out of four foreseen, has the capacity to generate 130 megawatts but, for operationl reasons and other constraints linked to the transmission network, is only producing 80 megawatts.

The second turbine is being installed and might start functioning next April, which will allow to primarily supply electricity to Malanje province.

Meanwhile, it was not advanced the date for the assembly and the start of the other two remaining turbines.

In total, the power of the four hydraulic turbines is 520 Mw.

According to the Premier, his visit to the undertaking meant, especially, to get acquainted with the progress on the works of this experimental phase, which he considered as positive.

Thus, the indication of a date for the inauguration of the dam of its turbine depends only on the green light from the authorities in charge.

The Angolan Prime Minister made it clear, however, that the starting of Capanda would not resolve, at once, the problem of power supply, either in Luanda or in other provinces, since the improvement of the transmission and distribution network is yet to be resolved.

In this regard, he added, the Government is doing its best so that, with the start of the Dam, power supply to Luanda and Malanje provinces improve with the allocation of financial resources to companies operating on electricity supply, which carry out the complementary distribution works.

The GAMEK Director General, José Sonnemberg, also rejoiced with the work done so far, but appealed for contention over expectations around the functioning of the Dam, whose works he leads since the very begining.

On his turn, the President of the Administration Board of the National Electricity Company (ENE), Eduardo Nelumba, said that although being happy with the benefits envisaged, the problem of transportation of energy remains.

According to him, the bet also goes through the improvement of infrastructures that render viable the process of transmission of electricity generated by the Dam to the centrals of distribution, as well as the communication systems.

With regard to the Luanda Elecricity Supply Company (EDEL), its Administration Board President, Rui Gourgel, said Capanda is the first step for the concretization of "a new era of distribution".

The project of construction of Capanda Hydroelectric Dam on Kwanza River, 150 kms to the southeast of Mlanje city, was formally announced in September 1982, and in the following was established the GAMEK, a consotium in charge of its execution.

This consortium is made up by the Angolan State, the Russian company Technopromoexport and the Brazilian firms Odebrecht and Furnas.

Engineering works started November 1987, but were interrupted from 1992 until 1994, as result of the war, because UNITA had occupied and destroyed all infrastructures that served as work grounds.

Finally, the works were resumed July 1997 and ended January 2000, with the assembling of electromechanical equipments. The Dam is 1,400 metres lenght and 110 metres high and can support a 4.5 Ritcher scale quake, according to technical sources.

In this visit to Capanda, the Prime Minister was accompanied by the Ministers of Energy and Waters, Planining and Finances, respectively, Botelho de Vasconcelos, Ana Dias Lourenço and José Pedro de Morais.
 


Government ReactsTo Resumption Of Human Rights Watch Accusations

Luanda, 01/14 - The Government of Angola Tuesday publicly denounced in Luanda, the resumption, by the non-governmental organisation Human Rights Watch, of accusations of corruption and mismanagement and of an alleged Government`s insensibleness toward the social drama affecting many Angolan families.

According to the Angolan Government, HRW resumed, in a report published on Tuesday, the groundless accusations previously made by certain international circles, according to which more than four billion US dollars from oil revenues have disappeared from State coffers between 1997 and 2002.

The Angolan Government, in a press communique released on Tuesday, tells the national and the international public opinion that there has never been time any independent audit accounting have cross-checked these accusations.

It informs, on the other hand, that the first phase of the diagnosis study of the oil sector has already been published, and provides an ample information about the financial flows related to oil and that, besides this, the fiscal accounts of the Angolan Government are submitted to the International Monetary Fund`s (IMF) audit.

The Angolan Govenment can not accountable for estimates of its revenues based on non-credible sources, and reminded that no international financial entities have to date cross-checked the accusations Angola has been accused of.

The insufficiencies still registered in its statistical system, which are already being tackled, or the differences observed in the process of accounting the revenues of the oil sector, decurrent from the convertion of the national currency into dollars, in a scenario marked in the past by widespread instability and volatility of the national currency, can not serve as a scapegoat for the launching of difamation campaigns emerging from the purest fantasy and imagination.

It thus calls the attention for the fact that it was not just by chance the time choosen for one more cruzade, which is damaging for the good name of Angola and its leaders.

Truely, the document adds, at internal level it is being consolidated the process of political stabilization, with decisive advances registered in the peace proces and national reconciliation, and also in the process of economic stabilization, with favourable results in the fight against inflation, the increase of international reserves and in the rehabilitation of economic and social infrastructures.

It refers that, at internal level, it is still fresh the good performance of Angola in the presidency of the UN Security Council and in the Southern African Development Community (SADC) and the role the country`s has been paying in the resolution of political and military conflicts in the sub-region of the African continent.

The communique recalls that it were the political and economic improvements attained in 2003 that led to the admittance of Angola into the African Growth And Opportunity Act (AGOA), an instrument with which the US authorities incentivate good governance in Africa and promote the reinforcement of cooperation between the United States and Africa.

Finally, the note says that the Government of Angola is still determined to push ahead its program of political and economic reforms and reaffirms its commitment to stricly implementing the principles of unity and universality of its revenues and expenditures and commit itself to a major rigour and transparence in the management of public property.

 

Trade Fund Would Help Rehabilitation, Building Of Infrastructures

Luanda, 01/14 - The creation of a trade development fund would enable the implementation of the rehabilitation, construction and modernization programmes of infrastructures for the commercial activity and services rendered in Angola.

Speaking to ANGOP on Tuesday, in Luanda, the national director for Internal Trade, Mr Gomes Cardoso, referred that the setting up of a trade fund or other financial means to aid the commercial sector would enable the implementation of a national integrated programme on the training and technic-professional and scientific up-grading of the staff with the sector, as well as the traders and professional associations.

It would also enable the application of a stabilization programme of supply and demand of goods and essential services to the vulnerable population, as well as the development of the rural commerce in all aspects.

The promotion of the reduction or substitution of imports, foment and diversification of exports and the development of the small-sized agricultural and industrial activity are, among other, the benefits that the fund once created might provide.

Previously, there was in Angola a commercialisation fund, established on March 15, 1971, which relied on the then Management of Commerce and Supply.

 

President And UNESCO Director Discuss Bilateral Relations

Luanda, 01/14 - The relationship between the Angolan Government and UN Education, Science and Culture Organisation (UNESCO) were addressed Wednesdy in Luanda by President Jose Eduardo dos Santos and the Director of that institution, Koichiro Matsuura.

After the audience, Mr Matsuura told journalists that he had discussed with the President how to reinforce UNESCO presence in Angola and improve its activities here, chiefly those related to educational and cultural projects.

Koichiro Matsuura stressed that he had come to Angola at "a very important time after this country stopped a war that lasted so many years", adding that the world community must increase its cooperation with the Angolan authorities.

To that Japanese national, UNESCO will do its utmost "within its areas of jurisdiction" to increase the support to Angola.

He informed newsmen that he will sign an accord for the training of primary school teachers, a project worth around USD 250,000.

Since Tuesday in Luanda, Mr Matsuura`s visit is mainly aimed at boosting cooperation with Angola and with the various entities linked to the world of science and culture.

Koichiro Matsuura is being accompanied, in his first visit to the country, by the Director General of that organisation for Africa and the Directors of UNESCO Bureaus in Dakar and Windhoek.

He is the Director of that UN institution since November 1999.

 

Appointment of Pierre Falcone Will Not Affect Relations With UNESCO

Luanda, 01/14 - The visiting director of UNESCO, Koichiro Matsuura, assured today, in Luanda, that the Pierre Falcone case will not affect the relations between Angola and this UN organism.

Koichiro Matsura was speaking to journalists after an audience with the Angolan Head of State, José Eduardo dos Santos.

Regarding the polemical case he informed that "The president explained to me why and how he acted, and i also mentioned how UNESCO dealt with this situation".

"I would not like to give more details about the conversation (with the president), which was private", he said, adding that "Angola needs this cooperation with UNESCO".

On his opinion the Pierre Falcone case "Is a matter that has to be put aside", and it will not affect the future relation between Angola and UNESCO.

Pierre Falcone was appointed, on September 2003, by the Angolan authorities as Counsellor Minister of the country`s representation to UNESCO, which raised a lot of controversy.

The Angolan Government has issued a statement explaining that, by appointing Pierre Falcone as its diplomatic agent, the Government did not intend to obstruct the French Justice, but simply, on one hand, make use of the century-old principle of presumption of innocence of someone who was not even deeply interrogated yet about the accusations he is facing, and on the other hand, to cause him to re-acquire the personal and functional immunities (...).

 

Environment Ministry, FINA Seek Pollution Fighting Strategy

Luanda, 01/13- Representatives of the Angolan Ministry of Urbanisation and Environment and of petroleum firm "Fina" will meet Tuesday in Luanda to seek ways to avoid practices that damage the environment and the population`s health.

The information was supplied today to Angop by the national director for environment, Carlos Santos, following a gas leak on Tuesday at about 08:30 pm, during the final stage of the cleaning of the N`Zombo 41 well, operated by "Fina Petróleo de Angola", at Kitona village, district of Soyo, northern Zaire province.

The gas identified as sulphur of hydrogen (H2S), was pushed into the mentioned locality by the wind, causing the admission in hospital of 15 people for observation.

The substance is known as being very heavy who inhalation causes dizziness, headache, vomits and fainting.

According to the Ministry official, the representatives of the above mentioned oil firm will be assigned the responsibility to organsise awareness and sensitising campaigns on the forms of prevention in similar situations.

Carlos Santos announced that a team from the ministry will travel to Soyo soon, to find out the seriousness of the situation.

"In case the extension of the matter proves to be more serious we could file a legal action against "Fina Petróleo", alike what happened to Chevron-Texaco in 2001," he stated.

Meanwhile, in a press release, "Fina" deplores the inconvenience caused to nearby population, stating that all will be done to avoid similar accidents in future.


Angola: Head of State Calls for Combined Effort Toward International Aid

Luanda, Jan 9 - Angolan head of State, José Eduardo dos Santos, today in Luanda, appealed for the combination of effort towards the materialisation of the promised aid to the reconstruction of Angola.

José Eduardo dos Santos made the appeal while receiving end-of-year compliments from the diplomatic corps accredited to Angola, at a ceremony held at the "Cidade Alta" Presidential Palace.

The president recalled on the occasion that without that assistance Angola`s process of recovery from four decades of war that severely hit the country`s human and social fabric and damaged all its essential infrastructures will be slower.

President Dos Santos underlined that the costs that the Government of Angola has to pay to overcome the difficulties, resettle the displaced populations and reintegrate the demobilised soldiers into the society, are by far beyond the resources currently available, despite the punctual and regular assistance from several countries.

 

Currency Stability Depends On Concertation Of Monetary, Fiscal policies

Luanda, 01/09 - The head of the Angolan National Reserve Bank`s Issue and Credit Department, Mr Leao Peres, considered on Thursday, in Luanda, that the stability of the national currency (Kwanza) goes through the adjustment of monetary and fiscal policies.

Mr Leao Peres, who was speaking to Angop, on the occasion of the Kwanza`s 28th anniversary (January the 8th, 1977) that marked the replacement of the Portuguese currency (Escudo), that was used in the country until before the national independence, in 1975.

The banking official defended that the local currency might be settled to the real needs of the economy, and through coordination between fiscal and monetary policies, two important aspects to guarantee the stability of the currency.

"This date that we are all commemorating means a conquest of economic independence by putting an end to the last colonial trace which was established in Angola", he outlined.

He also said that this move should have allowed the improvement of conditions for the country`s economic relaunch, but was not possible due to various crisis which Angola faced, such as the armed conflict which had a negative impact on the economy.

"The currency, regarded as one of the stimulating elements of the economic activity has suffered its consequence, thus its acquisitive power has known deflection during the years", he justified.

To solve this situation, he said, various reform processes and monetary readjustment were carried out in 1990, with the introduction of the New Kwanza, Another readjustment occurred in 1995, with the introduction of the Readjusted Kwanza, and in 1999 it regained its first designation (Kwanza), the current currency.

That manager believes that the steps that are being taken by the government are vested with sustainability and this will pave the way to national currency`s stability.

In the future, he added, there is hope that the Kwanza will resume its role as intermediate currency of a tool of exchange, carrying out the function of a purchasing mean.


President Dos Santos' New Year's Address to the Nation

President of the National Assembly, ladies and gentlemen, fellow countrymen: The year 2003, that now nears an end, consolidated for us all the certainty that the peace, conquered at great cost for all Angolans, is firmly in place in our country.

Having experienced the horrors of a recent war, Angolans today treasure peace as one of their most valuable assets. They are aware that peace is a basic condition for building a country that is able to dignify its citizens.

The lessons we learned from the last two years is that it is incomparably better to live in peace and be able to freely discuss the problems affecting us, than it is to permanently live under unsafe conditions, of destruction and mourning, in which families spend days crying for their children, the victims of a battle between brothers.

But consolidating peace, with a view to making it an irreversible process, requires social justice and respect for human rights. We believe we are building solid peace based on tolerance, fraternity and solidarity, capable of putting a final end to hatred and revenge. Now is the time to stop resentment and to embrace the reconciliation that Angolans decided on in April 2001 when the country's civil war ended . Our difficulties, which are vast, should not discourage us.

What we have achieved thus far allows us to look to the future without fear. We are optimistic because we believe in our abilities and our potential, because we k