In a first rightful step to free the Angolan economy from nepotism and artificial price inflation, the Angolan government will submit to parliament a proposal for a competition law to …
President vows to support Investment in Rural Areas and to end Monopolies Read More »
Angolan President Jose Eduardo dos Santos, who steps down from office at the end of this month, today officially opened the country’s largest hydro-electric dam. Being built by Brazilian conglomerate …
he Angolan Tax Authority (AGT) has moved to simplify and harmonise customs formalities in the process of importing and exporting goods, with a view to facilitating legal trade, said the …
Customs Procedures for Import & Export being simplified Read More »
The installation of the submarine fibre optic cable that will connect Angola to Brazil is expected to be completed in 2018, a project estimated to cost US$170 million, the chairman …
More than half of Angola’s population lacks a bank account and it is estimated that 60% of the country’s Gross Domestic Product (GDP) circulates between people without ever going through …
The majority of Financial Transactions today still does not involve any Bank Accounts Read More »
Angolan President José Eduardo dos Santos fired Finance Minister Armando Manuel on Monday two months after the government of Africa’s biggest oil producer broke off talks with the IMF over …
Angola will begin loan negotiations with the International Monetary Fund (IMF) this month as lower oil prices hammer the finances of Africa’s second-largest crude exporter, the Finance Ministry stated this …
Low Oil Price forces government to talk to IMF about Bridging Finance Read More »
Sitting under an umbrella in the heat of Angola’s capital Luanda, a vendor holds a makeshift currency exchange board on which is scribbled “335 kwanzas: $1”, more than double the …
Angola’s oil-dependent economy is set to slow this year, key infrastructure projects will be shelved and swathes of social spending are facing the chop as a global crude price slump …
Economic Growth to slow in Wake of falling Oil Prices Read More »
Angola’s economy should grow at an annual average rate of 5% over the next four years, boosted by the increasing participation of the private sector, Angola’s central bank said earlier …
