Measures taken over the last four years by the National Bank of Angola (BNA), the country´s Reserve Bank have made it possible for the domestic market to see marked stability in prices and the value of the currency, its governor said.
According to Mr José de Lima Massano, who spoke on August 14 on the sidelines of the inauguration of the “North Wing” of the BNA building, in a short reference to “Bank Workers Day,” marked on the same day, that the results of the economic cycle of the last few years were positive.
On the BNA side, he said, it was also positive, particularly on the inflation front, which continues to fall, despite the international context still being challenging.
“When we talk about stability, it is related both in the monetary and foreign exchange domains and also in the advances registered on the financial system front,” he stressed.
Mr Massano acknowledged that Angola is a reference on the African continent, which is the result of a firm commitment from the country’s authorities and also said that there were now modern regulations, which offered confidence to those involved in the economy.
“Today we have better conditions, not only in terms of attracting investment, but also of retaining it and making it grow in Angola,” he said.
North Wing
In the “North Wing” of the BNA building, several existing internal services will operate, including those that were carried out in other spaces.
At the time, the governor of the BNA acknowledged that the “Northern Wing” would provide better accommodation for workers, enhance the image of the capital and create better conditions for employees to continue to carry out their internal missions.
The area recovered by the Directorate of the Central Bank and refurbished by civil construction and public works company ERGICON over an 18-month period cost approximately Kwanzas 2 b.
In terms of compartments, the building has three floors, including the ground floor and has around 90 spaces including offices, canteens, kitchens, bathrooms, leisure space, gymnasium, amongst other services.
For example, the Financial Stability area will be transferred to the North Wing, a new BNA department, the Reserve and Markets Department, which was merged and is now only called the Market Area.
As for the BNA employees, José de Lima Massano acknowledged that they are dedicated teams and deserve the best working conditions to carry out their daily tasks.
*Com JA, 16/08/2022
