Angola received dividends of 6.4 ME in 2023, but paid out 204.8 ME
On September 11, Angola’s Finance Minister, Vera Daves de Sousa, highlighted a 197.8% increase in SEP (Public Business Sector) inflows compared to 2022 during the […]
Angola
Unemployment in Angola improved 0.2 points in the second quarter to 32.3%
The unemployment rate in Angola in the second quarter of this year was 32.3%, an improvement of 0.2 percentage points on the same period last […]
Angola’s food imports fell by 12.6% in the 2nd quarter of 2024
In the second quarter of 2024, Angola imported food products worth $445.3 million (€403 million), a decrease of 12.6% from the previous quarter and 9.2% […]
Angolan banks’ surplus reserves fell 12% in July
In July 2024, surplus reserves in the Angolan banking system dropped by 12.34% to 614.73 billion kwanzas (approximately 606 million euros), primarily due to reliance […]
Angolan government privatizes 15% of UNITEL’s share capital
The Angolan government plans to privatize 15% of UNITEL, the country’s largest telecommunications operator, with 2% of these shares reserved specifically for the company’s employees […]
Thirty Elephants Transferred from Namibia to Angolan Reserve Due to drought
Seven elephants were transferred last week from Namibia to the Cuatir nature reserve in southern Angola, due to the severe drought in Namibia, the reserve’s […]
Angola launches $500 million-National Employment Fund
The Angolan government on Tuesday August 6 launched the Angolan National Employment Fund (FUNEA), worth $500 million (€462 million), to create and support public and […]
Angola, Cape Verde sign cooperation agreement on public Administration
Angola and Cape Verde signed a cooperation protocol in Luanda on Monday August 5 on public administration, administrative reform, human resources management, and citizen support […]
Angolan oil revenues fell 20% in June 2024
Angola produced 34.8 million barrels of oil in June 2024, collecting €751 million (714.38 billion kwanzas), a reduction of 20% compared to the previous month, […]
Angola gets AfDB €73 million loan for youths’ employment in agriculture and transport
The African Development Bank (AfDB) will lend Angola $79 million dollars (€73 million) to promote entrepreneurship and youth employment in agriculture and transport, according to […]