Angolan commercial banks have been required, since Wednesday, to set aside national currency reserves at the National Bank of Angola (BNA) equivalent to 25 percent of customer deposits, said Thursday in Luanda the governor of the central bank.
The ratio of required reserves in national currency since 2014 had been set at 12.5 percent, and on 1 January the BNA increased the … More
The government of Angola will apply a 10 percent charge known as a Special Contribution to the transfer of foreign currency abroad to services contracts for foreign technical assistance or management services, according to a recently approved decree.
The preamble of the presidential legislative decree justifies the measure based on the drop in oil prices on the international market, which caused a … More
The 6th edition of the German/Angolan Economic Forum, on 21 and 22 July in Luanda, will be held at the same time as the Luanda International Fair (Filda) at which, this year, Germany has “special guest” status, said a German official.
In a statement cited by Angolan newspaper Expansão, the delegate of the German Economy in Angola, Ricardo Gerigk, said “the forum … More
The province of Jiangsu, China, intends to carry out several projects for agricultural cooperation with the province of Cunene, Angola, announced Thursday in Ondjiva, the deputy secretary of the municipal government of Nanjing, Yang Xiaoyang.
The deputy secretary, who was speaking during a meeting with provincial government officials from Cunene, said willingness to cooperate was part of the twinning project between the … More
The Chinese manufacturer of Xiaomi mobile phones is due to start selling the devices in Brazil on 7 July after the official presentation of the Redmi 2 phone, as a session in São Paulo, the Brazilian press reported.
Brazil is the first country outside China where Xiaomi is present and will also be the first country to have a factory outside of … More
The delegation in Bissau of the Portuguese Agency for Investment and Foreign Trade (AICEP) will open Saturday as part of a visit by the agency’s President to Guinea-Bissau, AICEP said in a statement issued in Lisbon.
In the statement, the President of AICEP, Miguel Frasquilho, said the contacts he would make during his four-day visit “will be very relevant in relation to … More
The European Union (EU) will support the Government of Guinea-Bissau in the control of land and sea borders, the country’s Interior Minister, Octavio Alves said Wednesday in Bissau.
The minister also told the Portuguese News Network that the support would be provided under the European Union Borders project, which should start in 2016, adding, “until then we will create conditions for greater … More