Angola: government approves Luanda integrated plan budget
The Angolan government approved Thursday the Luanda Integrated Intervention Plan (PIIL), which includes 2,786 projects, budgeted at over 12 billion kwanzas (24.5 billion euros), to […]
Kwanza
Angola: Fitch Solutions forecasts kwanza to fall to 470 this year, 499 per dollar in 2023
The consulting company Fitch Solutions foresees that Angola’s national currency will counter the trend of appreciation against the dollar and fall to 470 kwanzas per […]
Angola reduces benchmark interest rate to 19.5%
The central bank of Angola decided on Monday to reduce the reference interest rate from 20% to 19.5%, arguing with the slowdown in inflation and […]
Angola: Parties need 1.3 million Euros each to settle debts with delegates for the recent elections
The FNLA, PRS, APN, and CASA-CE coalitions require an additional 600 million kwanzas (1.3 million euros) each to pay list delegates who participated in the […]
Angola’s inflation slows to 34.8 percent
Angola’s inflation slowed to 34.8 percent year-on-year in April, data from the national statistics agency’s website show on Wednesday. According to the Agency, price in […]
Angola: President Sacks Central Bank Deputy Governors
Angolan President Jose Eduardo dos Santos on Wednesday replaced two deputy central bank governors, two months after he appointed Valter Filipe da Silva as the […]
Angola to Restructure Oil Sector
The Angolan Government on Wednesday said it will restructure the state oil firm Sonangol to “increase efficiency and profitability.” According to the country’s oil Minister […]
Angola: Sonangol Discovers New Offshore Reserves
One of Africa’s largest companies, the Angola National Oil Company (Sonangol) on Thursday said it has discovered a global-scale of oil and gas reserves in […]
Angola cuts budget by 50% as oil prices fall
The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices. Vice President Manuel Vicente […]
Angola’s central bank raises key interest rate
Angola’s central bank raised its benchmark Basic Interest Rate by 50 basis points to 9.75 percent, citing accelerating inflation but a slight deceleration in credit […]