The value of assets of banks operating in Angola in 2013 stood at 6,621 billion kwanza (US$67 billion), an increase of 12 percent compared to 2012, according to a study by auditing and consulting firm Deloitte.
According to the study presented by Deloitte Friday in Luanda, which was the result of compilation of public information disclosed by banks operating in the market … More
Revenues from tourism in Angola in 2013 showed “a marked increase” of 50 percent rising to 119.100 billion kwanza (US$1.211 billion dollars), according to figures from Hospitality and Tourism Market Bulletin, cited by Angola’s Angop news agency.
According to the same figures, revenues grew by 39.697 million kwanza in real terms and 1.088 million foreign tourists came into Angola, 5 percent more … More
Angola is interested in setting up businesses that help transform the country’s enormous potential of natural resources, to supply not only the national market but also the regional market, with 300 million potential consumers, said Angola’s Secretary of State for Industry.
Ngone Kiala Gabriel, who took part in the Congress of Agro-business Technologies and Services, which took place at the National Centre … More
Fuel prices in Angola posted an average increase of 46.4 percent from midnight on 27 September, the Angolan press reported.
Amongst other fuels the price per litre of gasoline now costs 75 kwanza (US$0.76), diesel costs 50 kwanza and kerosene costs 35 kwanza.
Despite these price increases oil-based fuels are still subsidised, and in 2013 cost the exchequer 55.9 billion kwanza (US$5.625 billion), … More
More than 150 wines from 19 producers in Portugal’s Alentejo region will be presented in Angola at two events in Luanda and Lobito, the Alentejo Regional Wine Commission (CVRA) said.
The presentations will be made in Luanda on Tuesday, and Lobito on Thursday, with the aim of bringing Alentejo wines closer to consumers and challenge them to “a new drinking opportunity,” said … More
The end of hostilities in Mozambique will allow the economy to grow as initially planned for 2014, the Governor of the Bank of Mozambique, Ernesto Gove said in Maputo.
On the sidelines of the Annual Conference on Communication and Development, jointly organised by daily newspaper Notícias and Mozambican Television, Gove stressed that despite all the internal and external adverse factors, the performance … More
The government of Cabo Verde (Cape Verde) plans to sell the shares it holds in the fuel company Empresa Nacional de Combustíveis and local bank Banco Comercial do Atlântico (BCA) via the stock exchange and outside it, said the Minister of the Presidency of the Council of Ministers Thursday in Praia .
Minister Démis Lobo said the Council of Ministers had approved … More