Angolan economy grew 4.1% on average in the first two quarters
Angola’s GDP grew by an average of 4.1% over the first two quarters of 2024, the Government announced on Thursday November 14, while also committing […]
Kwanza
Angolan national Agency approves operators for 12 oil blocks
The Angolan National Oil, Gas, and Biofuels Agency (ANPG) announced on Monday January 22 that nine companies, both domestic and foreign, have been qualified as […]
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 […]
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), […]
Angolan concessionaire received 53 bids for oil exploration in the Congo and Kwanza Basins
Angola’s National Oil, Gas and Biofuels Agency (ANPG) has received 53 bids in the onshore tender for 12 oil blocks in the Lower Congo and […]
IMF should return to Angola to help with reforms and control the kwanza
The president of the Angola-Brazil Chamber of Commerce (CCAB) on Thursday August 24 called for the return of the International Monetary Fund (IMF) to Angola […]
Angolan Government approves VAT reduction on food from 14 to 7%
The Angolan Council of Ministers on Wednesday July 26 approved the reduction of VAT on foodstuffs from 14% to 7%, the list of which has […]
Kwanza loses 3.6% against the dollar last week and falls 38.8% since January
The Angolan currency lost 3.6% in value against the dollar last week, despite a slight recovery between Wednesday and Friday, and has already fallen 38.8% […]
BNA makes available a bond portfolio worth US$ 350 million at a rate of 5.90%
The National Bank of Angola (BNA) placed on the market Treasury Bonds worth US$350 million, to be purchased in kwanzas, with an annual interest rate […]
Angola: Banco Fomento forecasts inflation reduction to 14% by year’s end
The economic research office of Banco Fomento Angola (BFA) believes that inflation in the country should slow down to 14 or 15% by the end […]