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Economy

  • Angolan currency enters valuation trajectory- Reserve Bank
    Fri, 15 Nov 2019 09:20

    Angolan currency enters valuation trajectory- Reserve Bank

    Luanda - Angola's currency (Kwanza) has entered into a valuation trajectory following high levels of depreciation recorded since last October 23, the deputy- governor of the National Reserve Bank of Angola (BNA), Manuel Tiago Dias, said on Thursday.

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  • Thu, 07 Nov 2019 11:27

    BCI bank seeks to recover AKZ 1 billion from bad loans

    Luanda - The newly sworn in board of the public Commerce and Industry Bank (BCI) will give special focus on the recovery of bad loans, which has been estimated at AKZ 1 billion, its CEO, Zenaida Gertrudes dos Santos Zumbi, said on Wednesday.

  • Fri, 01 Nov 2019 11:58

    Central Bank gets ready for sector's new governance model

    Luanda - the Angolan Central Bank (BNA) is working toward issuing new rules on corporative governance that might come into force officially in 2020, announced last Thursday in Luanda, the Central Bank's Governor, José de Lima Massano.

  • Wed, 30 Oct 2019 17:10

    BNA holds 2nd edition of Financial Literacy Workshop

    Luanda - The Central Bank of Angola (BNA) promotes, in the province of Huíla (Parque 4 de Abril, Lubango city), from Thursday October 31 to November 7, the 2nd edition of the Financial Literacy Workshop with the theme “Building Financial Awareness”.

  • Thu, 24 Oct 2019 12:47

    Central Bank seeks balance between formal and informal exchange market

    Luanda - Angolan foreign currency exchange market will be operating based on demand and supply to enable the formal exchange market to float freely until it reaches balance in relation to the informal market, the governor of Angola’s National Reserve Bank (BNA), Jose de Lima Massano, said on Wednesday.

  • Mon, 14 Oct 2019 19:15

    BNA participates in "FT Africa Summit 2019"

    Luanda - The Governor of Central Bank of Angola (BNA), José de Lima Massano, has been participating since Sunday in London in the 6th edition of the "FT Africa Summit", an annual initiative of the Financial Times newspaper.

  • Thu, 26 Sep 2019 16:07

    Law revision boosts financial system

    Luanda - The effective revision and enforcement of the anti-money laundering, terrorist financing and proliferation of weapons of mass destruction underway in the country will make the national financial system robust and credible, said the director of the Financial Information Unit, Francisca de Brito.

  • Wed, 14 Aug 2019 18:13

    Central Bank calls for professionalism to consolidate banking system

    Luanda - The Angolan Central Bank 's governor (BNA), José de Lima Massano, defended Wednesday, in Luanda, the need for bank workers continued to work with honesty, professionalism so that the country has a solid and robust financial system.

  • Tue, 13 Aug 2019 18:47

    Sonangol injects capital into Banco Económico to respond regulator

    Luanda - The minister of Mineral Resources and Petroleum, Diamantino Azevedo said that the increase in Sonangol's stake in Banco Económico stemmed from shareholder agreements because the Central Bank, as a regulator, has demanded a capital increase and one of its shareholders has not applied it.