Economy
Highlights
Recredit recovered non-performing loans worth more than 30 million kwanzas in 2024
Recredit announced that it recovered 31.19 billion kwanzas in non-performing loans in fiscal year 2024, which represents 109 percent of the established target, “exceeding operational expectations”.
Businessmen applaud suspension of imports to boost domestic production
Angolan businesspeople applauded the measure that suspends the licensing of imports of wheat and corn flour, refined oils and other products, considering that the government initiative should encourage domestic production and productivity.
Luanda was responsible for 70 percent of national inflation in 2024
The country's inflation rate stood at 27.5 percent at the end of 2024, with the province of Luanda accounting for 70 percent of the annual variation in the National Consumer Price Index (IPCN), according to the annual report of the National Bank...
