Economy
Highlights
Falling oil prices require revision of the State Budget, warns economist Arsénio Bumba
Angolan economist Arsénio Bumba issues a serious warning to the Executive regarding the sustainability of the General State Budget (OGE) for 2025, given the continued instability and falling price of oil on international markets.
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.
