Inflation in double digits
Prices of goods and services in Angola rose exponentially in January. The average inflation rate is 17.34 percent for the last twelve months.
Largest diamond found in Angola sold for $16 million
Lucapa Diamond Company has purchased the largest diamond ever found in Angola for $16 million. The 404-carat diamond is the 27th largest in the world.
Angolan kwanza most overvalued currency in Africa
Angolan kwanza is Africa’s most overvalued currency. The currency’s official rate is 72% overvalued against the dollar, according to the KFC Index.
Angola off the money laundering blacklist
National Bank of Angola (BNA) is no longer subject to the control process for money laundering and financing of terrorism.
Angolan rebels (FLEC) to resume armed insurrection in Cabinda
Rebels in Cabinda region said they’re resuming an armed campaign to gain independence for the enclave after the government failed to respond to its request for talks.
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