Ver Angola

Economy

Highlights

: Lusa

Economy

Angola formalizes more than 250,000 economic agents with six billion kwanzas

More than 250,000 economic operators were formalized, between November 2021 and July 2023, in Angola, where informality is 80 percent, in a process that cost six billion kwanzas, it was announced this Tuesday.

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Economy

Dean of UCAN says that bureaucracy and poverty encourage informality in the economy

The rector of the Catholic University of Angola (UCAN) pointed to the “excessive bureaucracy” of the institutions, the “galloping levels” of economic illiteracy among the populations, illiteracy and widespread poverty as factors that encourage...

: Ampe Rogério/Lusa

Economy

Sonangol manager wants more flexibility in the financial market

The head of the capital markets department at Sonangol, a state-owned oil company, said that the national financial market has room to grow, but greater flexibility is needed for companies to raise funds.

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Economy

Sonangol's private bonds admitted to trading on the stock exchange

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Economy

Lima Massano rejects “out of control” in inflation and expects a slowdown in prices

: Per-Anders Pettersson

Economy

Union centrals defend national minimum wage of 245,000 kwanzas and reduction of IRT

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Economy

Economist defends maintaining or increasing the BNA rate to stop inflation

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Economy

Price rises accelerated in August and put annual inflation at 13.54 percent

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Economy

Devaluation of the kwanza causes debt to rise to 92 percent of GDP

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Economy

IMF pressures Angola to resolve “problematic banks”

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Economy

IMF revises Angola's growth forecast downwards from 3.5 to 0.9 percent

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Economy

BNA: Angola's current account balance remains positive despite decreasing trend

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Economy

CEEAC gives Gabon one year to restore “constitutional order”

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Economy

Stock exchange profit increases more than 1000 percent to 805 million kwanzas

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Economy

Bloomberg: Angola will not go into default

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Economy

Private sector arm of the World Bank wants to finance more Portuguese-speaking African countries

: Ampe Rogério/Lusa

Economy

Financial system subject to joint internal supervision from October

: Lusa

Economy

More than 900 billion kwanzas collected under PROPRIV

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Economy

Government finances food production with 153 billion kwanzas

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Economy

BFA economists estimate recession of up to 1.4 percent this year

: Lusa

Economy

Oxford Economics revises Angola's growth to 1.7 percent and inflation to 16.3 percent this year

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Economy

BODIVA approves Sonangol listing on the Stock Exchange

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Economy

AIPEX PCA: Angolan economy “offers opportunities in segments” that Brazil has “enormous capabilities”

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Economy

IMF should return to Angola to help with reforms and control the kwanza, argue Brazilian businessmen

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Economy

President of the Chamber of Commerce says that Angola has already been more attractive for Brazilian businessmen

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