Ver Angola

Economy

Highlights

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Economy

Turkey wants 200 companies in Angola to explore business opportunities in the Lobito Corridor

Turkey wants to mobilize around two hundred companies to carry out a visit to discover business opportunities in the Lobito Corridor and the Special Economic Zone (ZEE). The announcement was made by Ufuki Ekici, Turkish ambassador to Angola, who...

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Economy

Economy stagnated in the second quarter with year-on-year growth of 0.01 percent

Angola's Gross Domestic Product (GDP) grew 0.2 percent between the first and second quarter of 2023, and 0.01 percent year-on-year, reflecting the effects of the decrease in oil production, which was not compensated by other activities.

: Ampe Rogério/Lusa

Economy

Inflation could be above 20 percent at the end of the year, estimates BFA

Inflation could be above 20 percent at the end of the year if the kwanza does not recover and more restrictive monetary policies are not adopted, analysts at Banco de Fomento Angola (BFA) estimate.

: Ampe Rogério

Economy

Angola invested 410 million kwanzas for citizens to define budget priorities

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Economy

President of AGT chooses transparency as a fundamental piece for the integrity of institutions

: Lusa

Economy

Government says that the non-oil sector is the engine of the economy and kwanza is already balanced

: Ampe Rogério/Lusa

Economy

World Bank: investors available for Angola but those looking in the short term “get scared”

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Economy

State must withdraw from the economy, says World Bank representative about Angola

: Andre P.

Economy

Oxford Economics: Angola and Mozambique are the Portuguese-speaking African countries with the riskiest debt

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Economy

Alves da Rocha says that the Chinese model is the most suitable for Angola and that cooperation with Europe has failed

: Andy Wong/POOL/EPA

Economy

China has lent Angola 45 billion since 2000, a quarter of the total for Africa

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Economy

AIPEX registers more than a hundred private investment projects valued at one billion dollars

: Lusa

Economy

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

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Economy

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

: Ampe Rogério/Lusa

Economy

Sonangol manager wants more flexibility in the financial market

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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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