Angola and Japan: a new era of deepened relations and joint investments
Over the years, Angola and Japan have sought to deepen their ties, building upon a foundation of mutual respect and...
August 9, 2023Topic
Angola
Angolan diamond market faces price decline up to 49%
The current situation in the Angolan diamond market is facing challenges, as described by José Ganga Júnior, the president of...
August 3, 2023
Angolan bank profits to fall by 13.6% in 2022 due to various factors
The net profits of the Angolan banking sector experienced a 13.6% year-on-year drop in 2022, amounting to 367 billion kwanzas...
July 19, 2023
Angolan government introduces “green line” to simplify visa process for investors
The Angolan government is launching a "Green Line" initiative aimed at expediting visas for foreign investors, according to Ivan dos...
July 18, 2023
Gemcorp plans to start up Angola’s Cabinda refinery in 2024
Gemcorp Holdings Limited (GHL) anticipates the first phase of the Cabinda refinery to commence operations in the latter half of...
July 14, 2023
Angola’s central bank maintains key interest rate, adjusts marginal lending rate upward by 0.5 percentage point
The National Bank of Angola (BNA) has decided to keep its basic interest rate unchanged at 17%, while increasing the...
July 14, 2023
Angolan Central Bank slaps financial institutions with US$575,000 in penalties for infractions
In the second quarter of 2023, the Angolan central bank sanctioned both banking and non-banking financial institutions for various infractions,...
July 12, 2023
Companies in Angola “caught off guard” by kwanza devaluation admit difficulties and review strategies
The devaluation of Angola's kwanza currency has caused significant challenges for companies operating there. With a 60% devaluation since the...
July 10, 2023
Investigation underway into alleged bogus salary payments in Angola’s National Assembly
The Ministry of Interior in Angola has initiated an investigation into claims of bogus salary payments linked to security and...
July 9, 2023