Daily Archives: Oct 5, 2023

FGC has 50 billion available to boost national production

The Angolan government has made 50 billion kwanzas available to the Credit Guarantee Fund (FGC) to leverage national production, especially to finance agriculture, livestock, fishing, production support services and the manufacturing industry, the ...

BFA’s net profit increased by 23.5% in the first half of 2023

BFA's net profit in the first half of 2023 increased by 23.5 per cent compared to 2022, reaching 83.0 billion kwanzas, ANGOP learnt today. The financial performance was the result of a 17.5 billion kwanza increase in Banking Income, as a result of...

Angola to invest in economic diversification to accelerate SDG

The Secretary of State for Planning, Milton Reis, said today, in Luanda, that the Government wants to invest in the diversification of the economy, valuing and enhancing human capital to accelerate the implementation of the Sustainable Development ...

Investment: new fund to inject $500 million into Africa Private equity firm

Alterra Capital Partners has launched a new fund dedicated to Africa, which targets a final size of $500 million, with the support of American private equity giant Carlyle Group and Nigerian billionaire Aliko Dangote. Alterra plans to invest in the...

Angola aims to establish solid trade and business relations with Argentina

Angola is ready to establish solid partnerships with a view to sustaining trade and business relations with Argentina, within the framework of bilateral cooperation, the Ministry of Foreign Affairs (MIREX) said on Thursday, in Luanda Province. Acc...

CEMAC zone: Soon a new digital currency

The zone of the economic community of Central African States will soon finalize the digital currency project. BEAC Governor Abbas Mahamat Tolli announced that he had signed a decision creating a working group which will be responsible for monitorin...

Central Africa: $290 million from the World Bank to improve and harmonize statistical capacities

The World Bank will provide $290 million in financing in the form of credits and grants from the International Development Association (IDA) to improve and harmonize data systems in Central Africa. This funding will strengthen evidence-based decisi...

Intra-African trade: 6 strategic projects between DRC and Côte d’Ivoire

The Makutano Network held its 9th Business Forum in Abidjan on 20 and 21 September. For the first time, the Forum was held outside Central Africa and brought together 150 Congolese and Ivorian decision-makers, with the aim of unlocking intra-Africa...

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Seedlings Planted at Sikosinyana School to Honour Nujoma

Sikosinyana: In adherence to the Namibian government's call to actively promote tree planting this month to honour the legacy of late Founding President Sam Nujoma, the Sikosinyana Senior Secondary School in the Zambezi Region on Monday planted 12 see...
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Inflation Rate Drops to 3.6 Per Cent in April 2025

Windhoek: Namibia's annual inflation rate for April 2025 stood at 3.6 per cent, a decrease from the 4.8 per cent recorded in April 2024. According to Namibia Press Agency, this information was detailed in the Namibia Consumer Price Index (NCPI) for A...

Nangombe Admits Electrification Progress Slow

Ondangwa: The implementation of Namibia's electrification project is moving at a snail's pace, according to Ben Nangombe, the Executive Director of the Ministry of Mines, Energy and Industry. Nangombe said this on Tuesday during an electricity acceler...

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