Economy
On average, 1.2 billion USD illicitly leave Angola, and 1.3 billion USD from the State Budget are spent inefficiently
Money is leaving the country through money laundering and over-invoicing, apparently via the banking system, according to specialists, since the kwanza is not a convertible currency. The chief economist of the African Development Bank (AfDB) warns that this represents “a […]
Angolan Government Brings Together Investors and Companies to Discuss Investment in the Mining and Oil Sectors
The first day of the Conference on Investment in the Mineral Resources, Oil, and Gas Sector will feature a thematic forum at the Alda Lara Recreational and Cultural Complex, where topics such as the country’s mining potential—particularly in Cuanza Norte—will […]
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