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Angola investment agency awards prizes to businesses

The National Agency for Private Investment (ANIP) of Angola Thursday gave awards to 17 companies that signed investment contracts and carried out the project as agreed during the 3rd edition of ANIP awards, Angolan news agency Angop reported.

Among the projects to receive an award was Angolata, a company specialising in the production of cans, which, in addition to the ANIP award, More

Angolan companies listed on stock exchange starting in 2016

The Angola Debt and Securities Exchange (Bodiva) n 2016 will start listing companies with up-to-date accounts with good management practices, the executive director of the Capital Market Commission (CMC) said in Luanda.

Patrício Vilar said at a seminar on capital markets for members of the 5th Commission on Economy and Finance of the National Assembly (parliament) that the CMC would create conditions More

Portuguese bank BPI gets 88 pct of its profit from Angola in the 1st half

The chief executive of Portuguese bank BPI said the bank’s operation in Angola was “an extraordinary asset”, given that almost 90 percent of the bank’s profits in the first half came from Banco de Fomento Angola (BFA), according to Portuguese financial newspaper Diário Económico.

The bank headed by Fernando Ulrich reported consolidated net profit of 76.2 million euros in the first half, More

2015 Angola Tourism Fair held from 6 to 9 August

The 2015 edition of the Okavango Angola Tourism Fair takes place from 6 to 9 August next on the premises of the Luanda International Fair (Filda), the director of the Tourist Development Institute said.

Eugénio Clemente told Angolan news agency Angop that the aim of the fair was to create opportunities to showcase tourism in each municipality allowing the sector to contribute More

Angola Stock Exchange trades millions of dollars in government bonds

The value of transactions carried out from May to July in the secondary government debt market on the Angolan Debt and Securities Exchange totalled US$237 million, the chief executive of the Capital Markets Commission said Wednesday in Luanda.

Patrício Vilar said that amount, which placed Angola in 11th place amongst top African stock exchanges in the first half of the year, “is More

Angolan agency fines abandoned investment projects

Angola’s National Agency for Private Investment (ANIP) this year raised US$600 million in fines to companies that have signed investment contracts but never carried out the projects, said the president of the institution.

Maria Luisa Abrantes said that many of the companies fined had signed investment contracts in 2002, an never launched the projects that had been proposed.

The president of ANIP also More

South Korea may support diversification of Angola’s economy

Angola hopes to receive investment from South Korea, either directly or through partnerships, to help diversify the country’s economy, said Wednesday in Luanda the Secretary of State for Cooperation, Angela Bragança.

At the end of a meeting with a delegation led by the President of the Korea/Angola Friendship Group of South Korea’s parliament, Lee Hag Jae, in Luanda since Tuesday, Bragança recalled More

Angolan central bank raises key interest rate

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Angola’s benchmark interest rate, the BNA rate, has been increased by half a percentage point to 10.25 percent, according to a statement following Monday’s meeting of the Monetary Policy Committee of the National Bank of Angola.

After examining the development of the factors that determine price behaviour, the committee also decided to increase the interest rate on the liquidity facility by half More