Economy

Port Company of Soyo-EP participates in the 15th APLOP Congress in Leixões

The event aims to strengthen cooperation between maritime and logistics operators in the Portuguese-speaking world, as well as to share expe...

CEO of Standard Bank Angola guarantees the institution's commitment to the UN sustainabi...

The bank has financing available for projects that aim to promote employment, education, health and social inclusion to eliminate dependence...

Deloitte ‘rejects’ Banco Económico’s accounts in technical bankruptcy and with losses of...

A new assessment is underway for the purposes of resolving the former BESA by an independent entity appointed by the BNA, which will help th...

Port Company of Soyo-EP closes 2023 with positive results

The board of directors, led by Fernando Dias, declared net profits of 1,475 million Kwanzas. But the results are not the only balance sheet ...

BNA expresses concern about low level of credit by commercial banks

Through its Financial Stability Committee (CEF), the central bank makes a critical diagnosis of the banking sector that reveals several shor...

ENSA launches Public Offering with a valuation between 15.6 and 30 billion Kz

After several dates tested for the privatization of ENSA, the State, through the State Participation Management Institute (IGAPE), is launch...

Daily withdrawal limit at ATMs increases to 120,000 compared to the usual 100,000 kwanzas

It is now possible to withdraw 60,000 kwanzas at a time from Automatic Withdrawal Machines (ATMs).

Africa Finance Corporation signs concession agreements with the governments of Angola an...

Signed yesterday at a ceremony hosted by US Secretary of State Antony J. Blinken and the government’s G-7 Partnership for Global Infrastruct...

More than 80% of the credit granted by commercial banks in August was due to a ‘push’ fr...

To date, few projects have passed the banks’ scrutiny to apply for bank financing. Up until last August, the banks released an additional 5 ...

BAD President A foreseen reinforcement in the financing to Angola with an injection of 5...

From a visit to the country, as part of the Projects Beneficiary Projects of the Financing of that African institution, Akinwumi Adhesina pr...

Angola earns over 550 million Kz from diamond sales

A report on diamond activity in the country, presented in Luanda, shows that the production of this mineral, in the period in question, repr...

Volume of foreign currency purchased by commercial banks increases by 29.3% to USD 5,076...

All told, the oil sector topped the list of foreign currency offerings to commercial banks, providing a total of USD 2.1 billion, followed b...

Executive announces 500 million dollars of financing for the water sector

Through the Ministry of Energy and Water, the Government says it has a financial envelope available to accelerate projects in the water sect...

Chairman of the Arab Bank visits the Special Economic Zone

The banker is in the country to, among other things, strengthen relations with different entities in the economic, financial and industrial ...

ENSA generates 100 billion kwanzas in revenue in eight months

The board of directors of the largest national insurance company in terms of market share has noted that there is no record of a higher busi...

Angolan economy forecasts 3% growth this year

After slow economic growth of 0.9% in 2023, a small increase in crude oil production is expected, so that budget expenditures can be support...

China has already disbursed more than 45 billion USD in 22 years of partnership with Angola

Angola is China's largest economic partner and debtor in Africa, with a total of 258 projects already financed.

Commercial banks maintain 'brake' on credit to the mining sector due to industry risks

Of the total gross credit released between 2022 and June this year, the mining sector absorbed only 0.153%, a margin considered low by secto...

Sonangol creates company to exclusively manage presidential plane that cost the State US...

This is the offshore company Sonair Ltd created by the Angolan public company in February of the same year with the corporate purpose of hol...

State gives 'green light' to the sale of 15% of Unitel's shares in BFA in a public offering

If completed, the sale will reduce UNITEL's stake in the bank to just 36.9%, due to the sale on the stock exchange of 15% of the total share...