Browsing: MCA

Since its creation, the Luanda-Bengo Economic Exclusive Zone (EEZ) has been a factor encouraging investment, not only in the region but also in the Angolan economy.

Its economic evolution has been felt over the last few years, in the flourishing of several innovative projects within this project, much due to the commitment and promotion that the Government has made. One of the paradigmatic examples of this commitment is the privatization plan that has been carried out over the last few months, in order to allow for greater competitiveness in the EEZ and an increase in the investment of national and foreign investors in businesses in order to create wealth and increase national productivity.

In addition to diversifying the economy, the EEZ aims to develop business clusters, create jobs and increase exports.

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For that purpose, the Government has defined a set …

A webinar organised by The Power & Electricity World Africa, entitled “Achieving Energy Security: Encouraging Healthy Competition And Regulation For IPPs”, took place on the morning of July 14th, 2020.

Also Read: Angola’s exceptional measures in force during sanitary enclosure

The attending virtual panel consisted of:

• Dr. Clinton Carter-Brown, Energy Centre Head, CSIR, South Africa – Moderator
• Vitor Marquez da Cruz, Managing Director, MC&A Advogados
• Eng. Julius Riungu, CEO, Tsavo Power, Kenya

The topic of African Energy security and the challenges ahead was debated in a little over an hour, with very insightful contributions from all parties involved being brought to the forefront.

The imbalance of supply and demand for electricity in Africa curbs its potential for economic development. IPPs (Independent Power Producers), though, align very well with the national energy security agenda and are a definite solution to meeting Africa’s growing electricity needs.

Africa currently accounts for …

Entered into force the Presidential Decree 184/20, that foresees exceptional and temporary measures that will be in force when the Sanitary Enclosure is declared in any Angolan Province or Municipality.

Also Read: Angola – Important amendment to the Private Investment law

The main measures are the following:

• Use of face mask is mandatory in the public road, markets, commercial establishments, places of worship, educational establishments, public transports and, in general, all the enclosed spaces that are open to the public.
• If the facial mask is not used when mandatory, the person is not permitted to enter in that space/establishment and may be sanctioned with a fine from AKZ 5.000,00 to AKZ 10.000,00.
• Citizens shall stay in their houses, except in case of necessary and indispensable travel.
• People with 60 or more years old, with chronical diseases (as renal, cardiovascular, oncologic, diabetes or other diseases), who are pregnant or take care