Micro loans enable the poor to realize entrepreneurial skills. Photo, Henriette Koning.

It was the mid 1990’s and Angolans escaping the war in the provinces flooded into Luanda. Women struggled to feed their children but with no money and no jobs how could they survive? That is when Kixicredito, Angola’s first micro finance institution, was born. Today, over two decades later, KixiCredito has 14 branches and exists in 11 provinces. Like most micro credit programs it was financed with intervention aid, but unlike most, it is now financially sustainable. The Angola Field Group invites you to, KixiCredito, the micro finance story of Angola, presented by Joaquim Catinda, CEO of KixiCredito, Thursday September 6th at 8:00 PM at the Viking Club. A graduate of Angola University Business School, Mr. Catinda also studied finance at Harvard Business School and was chosen for the President’s Young African Leaders Initiative 2012 in the United States. He will talk about the evolution and challenges of micro finance in Angola’s petro economy. In terms of assets Kixicredito figures in the top 40 of micro finance institutions in Africa, tripling in the last 4 years. Most lending programs have a rural concentration but in Angola it evolved as urban to rural. 

Everybody is welcome to attend. The talk will be in English. In close cooperation with the Viking Club, this event is offered free of charge. Beverages and snacks are sold at the Viking Bar which opens at 7:30 PM. Coupons must be purchased. For sale, traditional baskets hand woven and wild honey from Moxico.

You can download a map showing the location of the Viking Club on our Join Us page here. The Viking Club is on the main floor of Predio Maianga, the former Swedish Building, at Rua Marien N”Guabi, No 118 in Maianga, across the street from the new Panela de Barra restaurant.

 

The future marginal.

What’s happening to ‘The Marginal’?  The downtown main street that runs along the bay has always been the favourite destination for families on a Sunday stroll or joggers exercising while watching the sun set. Now piles of dredged sand and wire fences have taken over Luanda’s favourite promenade.

The Angola Field Group invites you to a presentation on The Development of Luanda’s Bay, at the Viking Club on August 25 at 8:00 PM with Kwame Gomes, a Project Manager with Baía de Luanda Project, “Projecto de Requalificação e Reordenamento Urbano da Zona Marginal”.

He will talk about the evolution of the project, the dredging, the sewage system, and the new squares and green spaces which will be developed. Kwame, who received his MSc. in Management at Universidade Nova de Lisboa in 2007, will answer all your questions about the future of the Marginal and Luanda’s waterfront.

The road system below the Forteleza will look like this when  completed.


Currently the largest African exporter of crude oil to China, Angola’s relations with the Asian giant seem to have gone from strength to strength. Such ties are not without their tensions however. Find out more about: China in Angola: Impact and Implications with China-Angola expert Lucy Corkin, Thursday, July 8th, at 8:00 PM at the Viking Club. She will take a look at Angola’s developing relations with China in broad strokes and delve into the impact felt in Angola, both political and socio-economic.

Our guest presenter Lucy Corkin is Research Associate of both the Africa-Asia Centre at SOAS, University of London and the Centre for Chinese Studies, University of Stellenbosch, the only research Centre on the African continent dedicated to China-Africa research. Besides lecturing at the University of Stellenbosch, she has made presentations on political economy of China-Africa relations to government, business, and academic audiences internationally.  She has written extensively for local and foreign newspapers, and China publications and provided commentary to local and international media on China’s relations with Africa. Fluent in both Mandarin and Portuguese, Lucy’s research interests focus on China’s emerging role as a financier of African development, as well as China-Angola relations. Click here to download her full biography.

Everybody is welcome to attend the presentation above. In close cooperation with the Viking Club, this event is offered free of charge. Alcoholic and non-alcoholic beverages and snacks are sold at the bar, coupons must be purchased. The Viking Bar opens at 7:30 PM.

For sale, hand woven baskets and home made corn cob dolls from the province of Moxico & Huambo dolls are back! The Viking Club is on the main floor of the former Swedish Building at Rua Marien N”Guabi, No 118 in Maianga, across the street from the new Panela de Barra restaurant. If you would like to have a map showing the location of the Viking Club, visit the site’s Join Us page. See you there!

Upcoming field trip – Overland camping trip to Cuando Cubango – August 28 to 03 September details to follow but email angolafieldgroup@gmail.com now to let Henriette know you are interested.

 

Lucy Corkin, our July 8th guest presenter.

On Thursday August 27th about 200 people attended the Angola Field Group presentation by the World Bank Senior Economist, Ricardo Gazel titled “Angola’s Economy: the Recent Past, Present, and Future”.

He has kindly provided us with his Powerpoint presentation- click here to download the presentation. Also available is his first ever Mid-year Review of the Angolan Economy, click here for a PDF of the document.

If you would like to subscribe to Dr. Gazel’s regular monthly two-page Macro Brief on the Economy of Angola, please send an email to him at: rgazel@worldbank.org.

Chart courtesy of