Ver Angola

Banking and Insurance

Angola subscribes about 80 million in shares of the African Development Bank

Angola approved the subscription of 98,867 shares of the African Development Bank (AfDB) in the approximate amount of US $ 80 million as part of the seventh increase in the financial institution's share capital.

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According to the presidential order approving the decision, the subscription of shares falls within the scope of consolidating relations with international financial institutions, increasing influence and voting power, as well as easy access to financing and technical assistance.

The payment, in the amount of 79,633,152 dollars will be divided into eight installments, with the necessary acts and procedures being the responsibility of the ministerial department responsible for Public Finance.