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  • Development Bank dismisses over half of 40 submitted projects
    Thu, 12 Dec 2019 12:41

    Development Bank dismisses over half of 40 submitted projects

    Luanda - The Angola Development Bank (BDA) ruled out more than half of 40 projects that compete for Deutsche Bank's US $ 1 billion credit line, equivalent to 356 billion kwanzas, as they do not meet the necessary conditions.

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  • Sat, 09 Nov 2019 14:25

    IFC opens office in Angola

    Luanda - The International Finance Corporation (IFC), which is a World Bank branch, last Friday opened its offices in Luanda, in the ambit of the country’s need to finance the private sector, among other aims.

  • Fri, 01 Nov 2019 19:39

    Banking sector gets AKz 141 billion to fund PRODESI

    Huambo - At least 141 billion kwanzas is the amount that commercial banks will make available to the Production Support, Export Diversification and Import Substitution Program (PRODESI), to finance national producers, with the aim of increasing indexes of productivity in the 2019/2020 agricultural season.

  • Tue, 22 Oct 2019 11:13

    PAC finances agricultural sector

    Luanda - Seven agriculture industrial projects were approved by the commercial banks through the Credit Support Programme (PAC), whose financing value goes around Akz 8.4 billion.

  • Mon, 14 Oct 2019 18:37

    Angola: Foreign businesspeople bet on SEZ

    Luanda - Businesspeople from India, South Korea, the United Arab Emirates and Eritrea are part of foreign investors who are investing funds to open factories in the Luanda / Bengo Special Economic Zone (SEZ).

  • Fri, 06 Sep 2019 18:25

    BDA strengthens oversight of projects funded in Benguela

    Luanda - A mission from the Angolan Development Bank (BDA) is in coastal Benguela province to monitor and supervise visits to seven funded projects linked to the industry, agriculture and livestock sectors, according to a bank press release that reached Friday Angop.

  • Tue, 30 Jul 2019 19:14

    PAC provides USD 17 million to fund seven projects

    Luanda - Seven projects have already been awarded USD 17 million (six billion kwanzas) this month, funding from the eight banks that joined the Credit Support Program (PAC), said Tuesday in Luanda, the National Director for Economy, Competitiveness and Innovation of the Ministry of Economy and Planning, Marcelino Pinto.

  • Wed, 17 Jul 2019 11:01

    WB financing supports ongoing reforms- minister

    Luanda - Angola’s Finance minister, Archer Mangueira, stressed on Tuesday, the importance of the financing approved by the World Bank for the strengthening of social protection in the country and the ongoing reforms in its subsides system.

  • Tue, 16 Jul 2019 19:09

    WB raises Angola funding to USD 2.52 billion

    Luanda - The World Bank today increased the volume of the project portfolio to Angola to a total of US $ 2.5 billion, after approval by its Board of Directors of a new financial package for the country in the total value of USD 1.32 billion.