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Economy

  • Thu, 02 Jul 2020 11:24

    World Bank pledges USD 50 billion loan to assist Africa

    Luanda - World Bank Group has announced it will make available USD 50 billion to assist 48 Sub-Saharan Africa countries, including Angola.

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  • Fri, 08 May 2020 09:08

    Banco Millennium's profit grows 12 percent

    Luanda - In 2019, Banco Millennium Atlântico reached a net profit of Kwanzas 30.5 billion, an increase of 12% compared to 2018, although lower than expected against the backdrop of economic crisis, Angop learned on Thursday.

  • Mon, 06 Apr 2020 13:26

    Banking buys USD 259 million from oil sector

    Luanda - The sale of foreign currency from the Oil and Gas sector to Angolan commercial banks reached USD 259.8 million in March, less USD 19.9 million in relation to the previous period.

  • Tue, 24 Mar 2020 18:30

    Businessman denounces illegal transfer at Millennium bank

    Lubango - The businessman António de Lemos accused this Tuesday the Millennium Atlantic bank of allowing illegal electronic money transfer from his bank account harming him in the amount of five million Kwanzas.

  • Tue, 10 Mar 2020 11:58

    Oil sector sells USD 279 million in foreign exchange transaction to banks

    Luanda - The sale of foreign currency from the oil and gas sector to commercial banks in February this year was around USD 279 million, for a total of 90 transactions, resulting in a weighted average rate of USD/KZ 504,60.

  • Mon, 09 Mar 2020 16:27

    AfDB finances energy expansion programme in Angola

    Luanda - Angolan Government has announced a funding from the African Development Bank (AfDB) of around USD 500 million to launch the first phase of the Energy Sector Expansion and Efficiency Programme (ESEEP-1), for the Center/South region of the country.

  • Tue, 07 Jan 2020 18:35

    BPC bank starts judicial recovery of credit

    Luanda - The Savings and Credit Bank (BPC) is organizing processes to recover the bad credit in judicial ways, after the refund of 47 billion kwanzas in 2019.

  • Tue, 07 Jan 2020 13:22

    Economic Bank plans to increase capital by June 2020

    Luanda - Economic Bank (BE) has announced plans to increase its capital by the end of the first half this year, aimed to secure short and long-term sustainability of the institution.

  • Tue, 03 Dec 2019 15:59

    Central Bank auctions USD 250 mln

    Luanda - At least USD 250 million is the amount of foreign currency the Central Bank of Angola (BNA) will make available for sale at auction price aimed at stabilisation of exchange rate.