Angolan Economic and Social Council deals with Kwanza devaluation
The coordinator of Angola's Economic and Social Council (CES) has announced that the council will reflect on the issue of...
June 30, 2023Topic
Angolan kwanza
Angolan currency devalued by over 10% against the dollar in one week
The national currency of Angola, the kwanza, has experienced a sharp devaluation of 12% within a week, resulting in a...
June 13, 2023
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