Angola settled almost 400 ME of overdue debt in 2022
The Angolan government paid in 2022 362 billion kwanzas (€397 million) of debt to creditors with emphasis on the National Electricity Company (Ende) and Chinese […]
kwanzas
Angola spent 155 ME in 2021 to fight Covid-19
The Angolan Government announced on Thursday July 27 that it has spent 142 billion kwanzas (€155 million) to combat and mitigate the effects of Covid-19 […]
Angola’s currency to fall to 1,000 kwanzas per dollar this year
The BMI consultancy believes that the Angolan currency will continue to depreciate, reaching the end of the year worth around 1,000 kwanzas per dollar, a […]
Regulator fines Banco Angolano de Investimentos 20 thousand euros
The National Bank of Angola has fined Banco Angolano de Investimentos (BAI) 15 million kwanzas (about 20,000 euros) for violating consumer protection standards for financial […]
Angolan Government admits reduction of IRT to compensate for end of fuel subsidy
The Angolan government is studying the possibility of reducing the Labor Income Tax (IRT) to cope with the withdrawal of the fuel subsidy, whose gradual […]
Angolan Minister rejects external pressure to reduce fuel subsidy
The Angolan Finance Minister on Thursday rejected any external pressure to reduce the subsidy on fuel, a measure that the International Monetary Fund (IMF) had […]
Angolan tax authorities collected 5.3 thousand ME with VAT implementation since 2019
The General Tax Administration (AGT) has collected three trillion kwanzas (5.3 billion euros) in Value Added Tax (VAT) since its implementation began in 2019, an […]
Angolan budget for 2023 to be approved in full on 13 February
The proposal for the Angolan General State Budget (OGE) for the 2023 financial year will go to a final vote in the National Assembly on […]
Angolan financial institutions sanctioned in 684 thousand euros by the end of 2022
The Angolan central bank concluded 118 sanctioning processes in banking and non-banking financial institutions in the last quarter of 2022, amounting to 372.4 million kwanzas […]
Angola cashed in one billion euros in three years with privatizations
The Angolan government has collected, since 2019, 567 billion kwanzas (1 billion euros) from the privatization of 96 assets, under the Privatization Programme (Propriv), which […]