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(Reuters) -Angola's central bank kept its main interest rate unchanged at 17% on Friday, citing a sharp depreciation of the local kwanza currency that is stoking inflationary pressure.
Angola Surprises by Holding Interest Rates as Inflation Soars bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
LUANDA (Reuters) - Angolan President Joao Lourenco has appointed Manuel Tiago Dias as the new central bank governor, a government statement said on Friday.
JOHANNESBURG (Reuters) - Angola's kwanza is Africa's weakest currency against the dollar so far this year after a 21% plunge in the past month, with analysts flagging low oil prices and an increase in debt payments pushing the central bank to stop propping it up.
Angolan President Joao Lourenco has fired the country's economic coordination minister and replaced him with the central bank governor in the wake of deadly protests over a reduction in a fuel subsidy.
Official figures on Tuesday are expected to show rapid year-on-year growth in industrial output and retail sales for April, with both of those key datasets likely accelerating from March
The National Bank of Angola (BNA) and the United Nations Development Program (UNDP) on Wednesday signed a memorandum for financial inclusion, initialed by BNA governor Jose de Lima Massano and the resident representative of the UNDP in Angola Edo Stork, with the aim to accelerate actions conducted by the country's…
Despite the boost from higher oil prices, the ruling party has presided over a hefty fall in living standards and broken promises on job creation, President João Lourenço and the ruling Movimento Popular de Libertação de Angola (MPLA) approached the 24 August general election still favoured to win. If it does win it won’t be on the strength of the MPLA’s economic record since Lourenço took over from former President José Eduardo dos Santos in September 2017, despite a recent improvement in Angola’s growth prospects as it emerges from half a decade of recession. At least one senior economist questions why, given this record, Angola’s urban poor would return the ruling party to power.