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Stock Market / Finance in Angola

  • Angola's inflation slows to 30.51 percent year/year in June

    ANGOLA, 2017/07/19 Angola's inflation slowed to 30.51 percent year-on-year in June from 32.58 percent in May, according to data on the national statistics agency's website seen by Reuters on Monday.
  • China-Portuguese Speaking Countries Cooperation Fund presented in Macau

    CHINA, 2017/01/23 A presentation session of the China-Portuguese Speaking Nations Cooperation and Development Fund and the investment framework for investment in Portuguese-speaking nations is due to take place on 25 January in Macau, organised by the Macau Institute for Trade and Investment Promotion (IPIM). This session is co-organised by the Macau Economic Service, the Finance Services Bureau and the Macau Monetary Authority and support is provided by the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Nations.
  • National Bank of Angola wants to improve scheduling of currency sales

    ANGOLA, 2016/07/26
  • Angola’s support request to the IMF’s technical assistance

    ANGOLA, 2016/04/11 The request for support made by Angola to the International Monetary Fund’s technical assistance, intended to design and implement policies and reforms to improve macroeconomic and financial stability, said Thursday in Luanda the minister of Finance. Minister Armando Manuel clarified not be in the presence of a request for economic recovery, which occurs in economies at certain times shows inability to meet the deficit service and have difficulty paying primary responsibilities, such as staff salaries, as happened with some European nations.
  • Malaysian company secures credit line for project in Angola

    MALAYSIA, 2015/12/31 The Armanda Cabaca company, a subsidiary of Malaysian group Bumi Armada, has secured a credit line of up to US$1.12 billion with a banking syndicate to partially fund a project in Angola, the group said in a statement. The banking syndicate is led by the Oversea-Chinese Banking Corporation of Singapore and Sumitomo Mitsui Banking Corporation of Japan, and its members include the Korean Development Bank, the National Bank of Abu Dhabi, Societe Generale and Standard Chartered.
  • Angola Stock Exchange increases trading of government bonds

    ANGOLA, 2015/07/12 The Angola Deficit and Securities Exchange (Bodiva) last June traded over 22 billion kwanzas (US$178 million) representing 161,300 treasury bonds, Bodiva said Thursday in Luanda. The transactions were recorded by banks Banco Fomento Angola (BFA), Banco Millennium Angola (BMA) and Banco Angolano de Investmento (BAI), with 84.6 %, 9.50 % and 5.85 %, market shares, respectively. Bodiva as well said that the initial transactions on the Treasury Securities Registration Market (MRTT) took place on 20 May, a month in which trade totalled over US$47 million.
  • Angola: National Debt At Acceptable Levels

    ANGOLA, 2015/02/12 Angola's debt is acceptable and is currently at 26.9 per cent below the Gross Domestic Product (GDP), said last Tuesday, in Luanda, the director of the office for studies and international relations of the Finance Ministry, João Quipipa. According to the director, who was making the presentation of the Annual Public Debt Plan for 2015, between 2010 and 2013 the country recorded a fiscal surplus and the tax reform being implemented is designed to increase non oil revenues. He went on to say that in 2014 the current account was of USD 3.4 billion, whereas the international net reserve reached 26.9 billion US dollars, which is equivalent to 23 per cent of the GDP.
  • Kwanza Old Notes Stop Circulating

    ANGOLA, 2015/01/06 The old notes of Kwanza, of the series 1999, will stop circulating this Wednesday 31 December of 2014), thus closing a cycle of 15 years. The international standards recommend that a series of note must circulate at maximum seven years. But the old notes of Kwanza lasted all this time due to conjectural problems. From the six billion of the issued notes of kwanzas, four billions of notes have by presently been collected by the issuing entity - Angolan National Reserve Bank (BNA).
  • President Armando Guebuza Calls for Portuguese Investors

    ANGOLA, 2014/07/07 The President of Mozambique, Armando Guebuza, invited Portuguese businessmen to invest in Mozambique, because it is a country, he said, where there is no contradiction between large and small projects. Opening the Mozambique/Portugal business seminar organized during his national visit to Portugal, Guebuza said Mozambique is a country where hydrocarbon discoveries have contributed to the development of the business environment and attracted investment . In 2007, according to Guebuza, Mozambique's government created the Appropriate Economic Zones and Free Zones to welcome anchor investment projects, creating jobs and improving economic and social development of the country.
  • Angola Government expected to lower corporate tax

    ANGOLA, 2013/12/01 The Angolan government is expected any minute at this time to announce a drop in corporate tax from 35 % to 30 %, according to financial news agency Bloomberg. The new rate is a compromise between the government’s intention to increase tax revenues and demands from the Angolan Industrial Association (AIA) to reduce the rate to 25 %. Angola, where tax revenues depend almost entirely on oil production, is expected to increase taxes on public services contracts to make up for a drop in taxes on companies, the agency said.