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kwanzas

Angola: Government raised more than 70 million euros from privatizations on the stock exchange

November 1, 2024 Steven Addamah 0

The Angolan State has generated over 70 billion kwanzas (70 million euros) from privatizing State-owned assets in banking and insurance, according to Finance and Treasury […]

Gross credit to the Angolan non-financial sector grew 25% in August

September 27, 2024 Geraldine Boechat 0

Gross credit to Angola’s non-financial sector surged by 25% in August 2023 compared to the same period in 2022, reaching 7.3 trillion kwanzas (€6.9 billion), […]

Angola received dividends of 6.4 ME in 2023, but paid out 204.8 ME

September 12, 2024 Geraldine Boechat 0

On September 11, Angola’s Finance Minister, Vera Daves de Sousa, highlighted a 197.8% increase in SEP (Public Business Sector) inflows compared to 2022 during the […]

Angolan banks’ surplus reserves fell 12% in July

September 3, 2024 Geraldine Boechat 0

In July 2024, surplus reserves in the Angolan banking system dropped by 12.34% to 614.73 billion kwanzas (approximately 606 million euros), primarily due to reliance […]

National Bank of Angola imposes sanctions of 1.1 ME on Angolan financial institutions

January 21, 2024 Geraldine Boechat 0

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 […]

Angolan tax Administration collected 66.1 ME from property tax in 2023

January 11, 2024 Steven Addamah 0

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% […]

Angola settled almost 400 ME of overdue debt in 2022

August 1, 2023 Steven Addamah 0

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 […]

Angola spent 155 ME in 2021 to fight Covid-19

July 28, 2023 Steven Addamah 0

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

July 18, 2023 Steven Addamah 0

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

June 16, 2023 Steven Addamah 0

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 […]

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