Economy

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...

Payment service providers required to ‘fine-tooth comb’ customer registration

While it was previously enough for payment app users to register without the slightest rigor, with only personal and address details, from n...

Deposits of Angolan banks 'soar' 31% to 17.6 billion Kwanzas in 2023

This is significant growth, which registered a variation of 37.8% compared to December 2022, which translates into an increase in cash held ...

Multicaixa Express is now the most widely used payment method in Angola, with a 55% grow...

The channel 'beat' conventional operations using the Multicaixa card and Automatic Payment Terminals. In the 12 months of 2023, the applicat...

BPC to save around KZ 1 billion in rent with reopening of headquarters building in Luanda

Annually, Angola's largest state-owned bank spent around 1.3 billion kwanzas on renting facilities for providing services.

Luanda ExpoCar expects to capture more than 35% of turnover

The country's largest car fair expects growth in turnover, approaching 350 million kwanzas for 2024.

Angolan banks maintain their ‘appetite’ for Treasury bonds, with loans of more than 8 bi...

Since 2014, with the start of the currency crisis, domestic banking market operators have preferred to release credit to finance the State r...

Lunhinga Mine 'lays off' over 100 workers due to financial difficulties

Two mining companies at risk of bankruptcy in Lunda-Norte are leaving families unemployed.

BAI joins the United Nations Global Compact to adjust the institution's operations and s...

The initiative launched in 2000 by the United Nations aims to accelerate the collective impact of business, incorporating the 17 Sustainable...

Credit compensation agreement between the State and Sonangol eases debt between the parties

The confirmed debt of the State to Sonangol is 11.4 billion kwanzas, and Sonangol in turn owes 7.6 billion to the State.

Afrexibank Chairman meets with President of the Republic and guarantees extension of cre...

The chairman of the board of directors of the African Export Import Bank (Afreximbank, Benedict OKey Oramah, Afrexibank) met this Monday, 29...

Central Bank clarifies that national currency, the Kwanza, will not circulate physically...

Contrary to what was reported in the national media, the Angolan currency will not be used as a means of payment in the SADC economic bloc.

Correios de Angola denounces the existence of a criminal group that sends messages in th...

The country's Post and Telegraph services have been targets of bad practices by elements that have not yet been identified.