Angola’s Central Bank Keeps Interest Rate Steady as Inflation Eases Slightly
On January 21, Angola’s Central Bank decided to keep its main interest rate unchanged at 19.50%, marking the fourth consecutive meeting in which the rate […]
Angola
Angola issues €1.5 billion debt to secure JP Morgan loan
Angola’s Ministry of Finance has secured a $400 million loan from U.S.-based bank JP Morgan, backed by a public debt issuance of $1.5 billion as […]
BFA improves Angola’s GDP growth to up to 4.5% in 2024
Banco Fomento Angola (BFA) has raised its growth forecast for Angola’s economy in 2024 to as much as 4.5%, following stronger-than-expected results in the third […]
Angola’s economic situation worsens, consumer confidence declines
The economic challenges faced by Angola and its families have deepened over the past year, driven by rising unemployment and increasing prices for goods and […]
Presidential pardon for son of former president Dos Santos
Angolan President João Lourenço has granted pardons to 51 individuals, including José Filomeno de Sousa dos Santos “Zénu,” son of late President José Eduardo dos […]
Angola estimates losses of 151 million euros in sawn timber exports in 2024
The Angolan government reported significant financial losses from the timber industry in 2024, estimating a shortfall of $157.4 million (€151 million) from sawn timber exports. […]
João Lourenço chooses Sudan as a priority when he becomes President of the African Union
Under President João Lourenço’s leadership, Angola has assumed a pivotal role as mediator in the conflict between the Democratic Republic of Congo (DRC) and Rwanda, […]
The planned Summit between Rwanda and the DRC in Luanda cancelled
A peace Summit between the Democratic Republic of Congo (DRC) and Rwanda, scheduled for December 15 in Luanda, Angola, collapsed before it began. Mediated by […]
Angolan President approves new loans worth $1.5 billion
The President of Angola João Lourenço has authorized the signing of financing agreements totaling $1.5 billion (€1.4 billion), according to a presidential order issued on […]
US gives Angola $1 million to replicate Lobito Corridor model
The United States Agency for International Development (USAID) has pledged $1 million to Angola for establishing a specialized unit to replicate the successful Lobito Corridor […]