National Bank of Angola imposes sanctions of 1.1 ME on Angolan financial institutions
The National Bank of Angola (BNA) has announced that sanctions worth 1 billion kwanzas (1.1 million euros) will be imposed on banking and non-banking financial […]
Angola
Government approves 5% civil service salary increase
This Wednesday, January 17, the Angolan government approved a 5% increase in the basic salary of the civil service as of this month, as part […]
Angolan President approves 110 ME in funding to restore M’Banza Congo’s heritage
The Angolan President has approved an agreement worth 100 billion kwanzas (110 million euros) to finance the recovery and conservation of the historical and cultural […]
Universal Church Angola elects new general presbyter
The Universal Church of Angola elected a new general presbyter, following on from Alberto Segunda, who already led the “Brazilian” wing of this religious organization, […]
Angolan tax Administration collected 66.1 ME from property tax in 2023
The Angolan General Tax Administration (AGT) collected 60.3 billion kwanzas (66.1 million euros) in 2023 from the collection of Property Tax (IP), estimating a 6% […]
Deutsche Bank finances two Angolan industry and fisheries projects with 71.8 ME
Angolan companies Salinas de Calombolo and Alexabre’s House will benefit from financing totaling 71.8 million euros through a credit line from Deutsche Bank for projects […]
Angolan government plans to raise 10,000 ME to finance 2024 budget deficit
The Angolan government plans to raise a total of 10 billion kwanzas (10 billion euros) to cover the deficit in the 2024 General State Budget […]
Angolan President authorizes expenditure of 73 ME for rehabilitation of schools in Luanda
Angolan President João Lourenço has authorized expenditure of 80.9 million dollars (73 million euros) for the rehabilitation, expansion and equipping of eight public schools in […]
Angola starts taxing transfers abroad on January 1, 2024
As of January 1st, the 2.5% tax for individuals will apply to all foreign currency transfers abroad, except those for health and education expenses. The […]
Angola expects to raise 2 billion ME in year of implementation of single income tax
The Angolan state expects to raise 2 billion kwanzas (2.1 billion euros) in the year of implementation of the Single Tax on Corporate Income (IRPC), […]