Angola: Norway’s top economic partner in Africa

Norway’s Statoil Hydro has become an important partner to Angola, accounting for 11 percent of Angolan oil output, with investments of US$5 billion.

Both countries maintain relations in hydroelectric exploration, fishing, humanitarian assistance, and de-mining.

Meanwhile, during the first half of 2008, Huambo’s capital reached US$9.65 million, an increase from US$6.86 million during the same period last year.

Revenue also rose approximately 41 percent, reaching US$ 2.8 million, due to improvements in the development of the region’s industrial and economic sectors.

In another development, each political party accepted to run in the elections by the Constitutional Court, will receive US$ 17 million from the government to finance their campaigns for the legislative elections scheduled for September 5. ‘ Angola News Bulleting.

August 2008
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