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Economy

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Economy

UIF: FATF monitoring has no impact on the country's financial system

The head of the Financial Intelligence Unit (UIF) denied this Wednesday that Angola had been placed on the FATF grey list, stating that the country is in fact under “enhanced monitoring” which has no impact on the financial system.

Economy

Government raised more than 70 billion kwanzas from privatizations on the stock exchange

The privatization of state holdings in the banking and insurance sectors yielded the State more than 70 billion kwanzas, the Secretary of State for Finance and Treasury said this Wednesday.

Economy

Floating exchange rate is a mistake in Angola and should be cancelled, says researcher

Researcher João Shang believes that the introduction of the floating exchange rate in Angola was a mistake, because the kwanza was not able to face foreign currencies, and argues that the cancellation of this system is “a priority”.

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