Banking and Insurance
Highlights
BNA “expectant” with improvement in inflation in the short term
The governor of the National Bank of Angola (BNA), Manuel Tiago Dias, downplayed the rise in prices in August, which he said was limited to some products and was “expectant” of an improvement in the short term.
BNA keeps rates unchanged and says inflation in August was “seasonal”
The National Bank of Angola decided to keep its interest rates unchanged, considering that the rise in prices in August was due to seasonal factors and imbalances between supply and demand.
Banco Caixa Geral and Credit Guarantee Fund sign agreement to support micro businesses and SMEs
Banco Caixa Geral Angola and the Credit Guarantee Fund signed an agreement for credit guarantees of up to 200 million kwanzas for micro, small and medium-sized businesses, the institutions announced.
