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Angola’s central bank announces measures to protect financial system

The National Bank of Angola (BNA) will seek to reduce internal weaknesses which could put the country on the margins of the global financial system by implementing a new package of measures, the BNA governor said in Luanda.

The package, called “Project for adequacy of the Angolan financial system to prudential and international best practice standards,” is an instrument that, according to More

Angola wants to attract investment from Macau and mainland China for tourism

Angola wants to attract businesspeople from Macau and Mainland China who are interested in investing in the tourism sector, said the Consul General of Angola in Macau in an interview published in the latest Forum Macau newsletter.

Sofia Pegado da Silva, says in the interview that as part of the promotion of Angola tourism has not been neglected, “especially as the country More

Angola should increase non-oil revenue, IMF says

Angola should seek to increase non-oil revenue and improve the quality of spending, both in terms of investment and current spending, recommended the resident representative of the International Monetary Fund (IMF) in Luanda.

Max Alier, who spoke at the presentation of the “Regional Economic Outlook” project coordinated by the Faculty of Economics of Agostinho Neto University, acknowledged that much of the government’s More

Portuguese Group plans to open new restaurants in Angola

Portuguese group Ibersol plans to open 13 new restaurants in Portugal and Angola in 2016, with “two or three” units opening in Angola, according to the company’s first quarter report.

The report and accounts for the first quarter for Ibersol, which manages catering brands like Pizza Hut and Kentucky Fried Chicken does not specify which brands will have new units this year More

Angola extinguishes more insolvent public companies

The government of Angola will extinguish 16 more companies in the industrial sector that are at a standstill and insolvent, according to a joint order of the Ministers of the Economy, Abraão Gourgel, and Industry, Bernarda da Silva.

The measure is justified by the fact that these companies are “loss-making, are not operating or are at a standstill” and do not have More

Angola plans to build infrastructure at seven industrial development hubs

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The government of Angola will spend US$368 million building infrastructure at seven industrial development hubs, making use of a credit line opened by China, an official from the Industry Ministry said Monday.

The Director of the Office of Studies, Planning and Statistics of the Ministry of Industry, Ivan Prado, also told Angolan news agency Angop that the development hubs are in Caála (Huambo), More