- Man 'died after G4S restraint'
A 46-year-old Angolan man died after being restrained by G4S security guards as he was being deported, an inquest hears.
- Angola sending aid to 300,000 at risk from drought
LISBON (Reuters) - Angola set up an emergency plan on Thursday for the southern province of Cunene, where an estimated 300,000 people are at risk of malnutrition because of a two-year-long drought. "The plan seeks to immediately provide medical assistance, food and drinking water for the most needy populations," the cabinet's economic commission said in a statement. Cunene, a semi-arid province which shares a border with Namibia to the south, depends largely on subsistence farming and cattle-raising. ...
- Angolan crude oil sales to outshine Nigeria's in 2013
By Simon Falush LONDON (Reuters) - Angolan crude oil is poised to outshine Nigerian barrels in coming months, with the discount for the relatively heavy, sour crude likely to shrink because of shifting demand dynamics and the unreliability of Nigerian supply. Combined with weaker output levels, this will put the brakes on growth for Nigeria, Africa's second largest economy, and for decades the leading supplier of crude oil from the continent. ...
- Angola March forex reserves rise to $32.28 bln - cbank
LISBON (Reuters) - Angola's foreign exchange reserves edged up to $32.28 billion in March from $32.02 billion in February, the central bank said in a statement posted on its website on Thursday. Angola, Africa's second-biggest oil producer after Nigeria, depends on crude exports for over 95 percent of its foreign exchange earnings.
- Angola to name new head of $5 bln wealth fund after cabinet reshuffle
LISBON (Reuters) - Angola's government plans to appoint a new chairman for its $5 billion sovereign wealth fund, with Armando Manuel stepping down from the post after he was appointed as the oil rich-country's finance minister, a spokeswoman for the fund said on Tuesday. "The fund (FSDEA) confirms that Armando Manuel will leave the post of chairman in order to concentrate on his new position," the spokeswoman said in written comments to Reuters. ...
- Scientist: Cassava disease spread at alarming rate
JOHANNESBURG (AP) — Scientists say a disease destroying entire crops of cassava has spread out of East Africa into the heart of the continent and is attacking plants as far south as Angola and now threatens to move west into Nigeria, the world's biggest producer of the potato-like root that helps feed 500 million Africans.
- Angola's Dos Santos replaces finance, construction ministers
LISBON (Reuters) - President Jose Eduardo dos Santos replaced his finance and construction ministers on Monday in the first cabinet re-shuffle since he led his MPLA party to victory in Angolan elections last August. Armando Manuel, who had served as secretary for economic affairs, replaces Carlos Alberto Lopes as finance minister of Africa's No. 2 oil producer, the presidency said a statement without giving reasons for the re-shuffle. ...
- Loan, leases drive down Evans Bancorp profit
Evans Bancorp Inc.’s net income dropped 23.7 percent during the first quarter of 2013, a shift the bank attributes primarily to a boost in loan-loss provisions.
The parent of Evans Bank N.A. (AMEX: EVBN) reported net income of $1.8 million, or 43 cents per share, for the period ending March 31. The same quarter in 2012 yielded $2.4 million, or 58 cents per share.
The provision for loan and lease losses totaled $450,000 at the end of March. A year ago, the Angola bank reported a release of $249,000…
- U.N. rights chief urges Angola to cut 'huge' rich-poor gap
(Reuters) - The United Nations' top human rights official urged Angola's government on Wednesday to reduce the huge disparities between rich and poor that have developed in the oil-rich country despite considerable progress since the end of a 27-year civil war in 2002. Angola, which is Africa's No. 2 oil producer, has posted rapid growth since the end of the war, but opposition parties and rights groups have long accused President Jose Eduardo dos Santos of doing too little to combat widespread poverty. Speaking in the capital, Luanda, after a three-day visit, U.N. ...
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