World Business News

Luanda — Five factories for manufacture of metallic structures, disposable nappies, sheet, spareparts, emulsion, asphalt and other items will be inaugurated in central Benguela province by the minister of Geology, Mining and Industry, Joaquim David, on June 7-8, Angop learned.

Luanda — Angola's electricity production capacity will be increased this year with the conclusion of the works of expansion of the Kambambe Dam, in northern Kwanza Norte province expected for July this year, Angop learned Monday in Luanda.

Washington — The Board of Executive Directors of the World Bank today approved an International Development Association (IDA*) grant in the amount of US$18.3 million to assist the electricity sector in Guinea (Conakry).

Australia's economy expanded more-than-expected in the first three months of the year allaying fears of a global slowdown hurting its growth.