By the AFREEQUE newsroom, based on Expansao
The Angolan state is securing a $105 million external loan, backed by an $8.9 million debt to the company Tecnovia for completed works. Of this amount, $91.1 million is intended for the state’s general needs, with no specific use given by the Ministry of Finance, Expansão reports.
Angolan President João Lourenço says tourism generated $667 million in revenue in 2025 and helped create more than 9,000 jobs. He also cited 1,577 hotels and an average hotel occupancy rate of 72% during his speech to the National Assembly, reports Jornal F8.
🇦🇴 Angola · Source: Jornal F8 ·
Angola’s fuel subsidies are expected to reach 3.8 trillion kwanzas, or $4.2 billion, this year, according to Secretary of State for Finance and the Treasury Ottoniel dos Santos. The increase, more than twice the budget forecast, could prompt the government to accelerate the reform launched in 2023, reports Expansão.
🇦🇴 Angola · Source: Expansao ·
Mozambique and China have signed a framework agreement to reschedule Mozambique’s public debt servicing and ease immediate budget pressures. The deal is intended to make payments more predictable and support economic and social priorities, according to a statement from Mozambique’s Finance Ministry reported by Jornal Notícias.
🇲🇿 Mozambique · Source: Jornalnoticias ·
Angolan club Wiliete SC eliminated Mamelodi Sundowns in the second preliminary round of the CAF Champions League, thanks to an away goal by Angolan striker Mabululu and a 1-1 aggregate score. The club reached the group stage for the first time, while Sundowns missed out for the first time in ten years, reports Africatopsports.
🇦🇴 Angola · Source: Africatopsports ·
Illustrative imageAngola’s oil output stagnates at 1.029 million barrels per dayAngola produced 280.8 million barrels of oil between January and September, averaging 1.029 million barrels per day, up just 0.01% year on year. Oil tax revenues rose by 1.2 billion dollars as a result of prices, according to Expansão, citing statistics from the National Agency for Petroleum, Gas and Biofuels.
Chapo seeks to expand economic cooperation with RussiaMozambican President Daniel Chapo and Dmitry Medvedev discussed expanding economic and trade exchanges between Maputo and Moscow. The meeting took place ahead of the third Russia-Africa meeting, which Chapo is attending in Russia, according to the AIM agency.The week in Africa
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