Afreximbank supports Angolan partners to drive industrialisation and boost food security
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African Export-Import Bank (Afreximbank or “The Bank”) and Amufert SA announced that they have signed terms for a USD 1.4 Billion facility to support the establishment of a fertiliser plant in Angola.
Kwanza is Africa’s worst performing currency in 2023
The republic of Angola’s Kwanza (KZ) is dubbed Africa’s worst currency in 2023. The southern African nation’s currency took a 21% plunge last month with analysts flagging low oil prices and an increase in debt payments pushing the central bank to stop