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Survey Reveals Angolan Families’ Economic Anxieties

Since late 2022, Angolan families have shared their increasing worries about their future economic well-being. According to an official study, they fear worsening conditions and...

Angola Faces Steep Drop in Current Account Amid Oil Export Slump

In 2023, Angola saw its current account surplus dramatically decrease by 64.2% from the previous year, ending at $4.2 billion. This significant shrinkage was mainly...

UN’s $646 Million Plan for Angola

The United Nations (UN) targets raising $646 million to partner with Angola from 2024 to 2028. Planning Minister Victor Hugo Guilherme states that this fund...

Angola Moves to Outlaw Crypto Mining

Angola's lawmakers are gearing up for a crucial vote. They will decide on a bill that could outlaw cryptocurrency mining and related activities. This upcoming...

Angola’s Unemployment Soars to 31.9%

In the final three months of 2023, Angola's jobless rate climbed to 31.9%, marking a 2.2% increase. A striking 80.5% of the workforce is in...

Angola’s Strategic Move to Limit Debt Costs by 2026

Angola has embarked on a crucial financial strategy, aiming to significantly reduce its public debt expenditure to under 45% by 2026. Angola's broader strategy aims...

Angola’s Inflation Hits 18-Month High at 21.99% in January

In January, Angola's inflation hit 21.99%, an 18-month peak, up 9.44 points from last year, says Angola's Statistics Institute. The Consumer Price Index jumped 2.49%...

Angola’s Privatization Efforts Miss the Mark

Carlos Rosado de Carvalho, an economist, has observed that Angola's Privatization Program (ProPriv) is not hitting its targets. He notes to the LUSA agency the...

Boost for Angola’s Diamond Sector with De Beers Pact

Today, Angola's National Agency for Mineral Resources, Endiama, and Sodiam inked a key deal with industry giant De Beers. This pact aims to uplift Angola's...

Angola’s New Direction in Oil

In 2024, Angola will take a significant step in its oil industry by increasing production to 1.2 million barrels per day. This decision, marking its...

U.S. and Angola Strengthen Diplomatic Ties

U.S. Secretary of State Antony Blinken, on his recent visit to Luanda, affirmed the United States' robust relationship with Angola. This statement concluded his African...

Angola’s Oil Production and Revenue Trends in 2023

In 2023, Angola's oil production saw a 3.6% drop, reaching 1.09 million barrels daily, as reported by the National Agency for Petroleum and Gas...

Angola’s Move to Boost Oil Production

The Angola Agency for Oil, Gas, and Biofuels (ANPG) selected nine companies for oil block management in the Lower Congo and Kwanza regions. Additionally, five...

Rising Inflation in Angola: Oxford Economics’ Forecast

Oxford Economics projects a significant rise in Angola's inflation rate, anticipating it to reach 23% in the current semester. This increase follows a notable rise...

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