Central bank of Angola forecasts economy to grow 3.3% and inflation between 9% and 11% in 2023
The governor of the National Bank of Angola (BNA) estimated today that the Angolan economy will grow by 3.3% in...
January 23, 2023Topic
Angolan economy
Banco de Fomento Angola sees inflation at 14% by the end of the year
The economic research office of Banco Fomento Angola (BFA) considers that inflation in the country should slow down to 14...
November 14, 2022
New oil well discovered in Angola’s Block 15
According to a statement from Angola's National Agency of Oil, Gas, and Biofuels (ANPG), a discovery was made in the...
November 7, 2022
Angolan government approves Luanda’s integrated plan budgeted at over US$24 billion
On November 3, the Angolan government approved Luanda's Integrated Intervention Plan (PIIL), which includes 2,786 projects
November 3, 2022
TotalEnergies invests US$3 billion in energy projects in Angola
French oil company TotalEnergies plans to invest US$3 billion in projects linked to renewable energy, namely solar parks and oil...
November 2, 2022
Sonangol and TAAG count toward Angola’s public debt
According to Presidential Decree "254/22" of October 24, only these two public companies, Sonangol-EP, the state-owned oil company,
October 26, 2022
Profits of Angolan banks rise 295% in 2021
The net profits of the Angolan banking sector rose 295 percent in 2021 to AOA 592.4 billion (US$1.3 billion), with...
October 25, 2022
Angola grew 4% this year but slows to 1.8% in 2023
On October 23, the consulting firm Fitch Solutions upgraded Angola's growth estimate from 3.5% to 4% this year but forecasted...
October 24, 2022
Profits of Angolan bank BAI rise 40% in year’s first half
Net profits for Banco Angolano de Investimentos (BAI) rose 41% in the first half to AOA 40 billion (US$91 billion),...
October 7, 2022