Ver Angola

Economy

Highlights

Economy

Foreign investment in Angola fell five percent in 2023 to 67.9 billion dollars

Foreign investment in Angola fell five percent in 2023, falling from 71.7 billion dollars to 67.9 billion dollars compared to the same period in 2022, according to a report released on Friday.

Economy

Inflation accelerated to 30.16 percent in May, the highest in seven years

Inflation accelerated in May to 30.16 percent, the highest level since June 2017, when it stood at 31.89 percent, registering an increase of 2.49 percent in monthly terms, according to official data.

Economy

Social Concertation Council approves minimum wage of 70 thousand kwanzas

The National Council for Social Coordination of Angola unanimously approved the proposal to increase the national minimum wage to 70 thousand kwanzas, announced the Secretary of State for Labor.

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