A gangster believed to be the leader of the Wakali Kwanza
gang was shot dead in a foiled robbery in Kisauni, Mombasa, on Tuesday.
This was primarily as a result of the depreciation of the kwanza
(AOA) against the US dollar and the provision of financial support to state-owned companies last year.
The apex bank said that it could fully float its kwanza
currency in three months.
The Fund has already raised USD 800,000, anchored by a commitment of up to USD 500,000 from Clearlake Capital Group and the Kwanza
Jones and Jose E.
The government of Angola will invest around US$266 million in the power transport system project related to the Lauca hydropower plant, which is being built on the River Kwanza
, in the province of Malanje.
New discoveries in the Kwanza
basin in Angola by Statoil ASA (Norway) have increased the expectations of the IOCs.
dollars to Angola at the end of this month, two foreign exchange sources said on Thursday, a move that could pile pressure on the oil exporter's ailing kwanza
Sonangol E&P in 2014 was given the rights to onshore Blocks 2,4,11 & 12 in the onshore part of Kwanza
Similarly, blocks in the planned new licensing round are located in the Kwanza
and Namibe ultra deepwater basins.
The Governor of the Bank of Namibia, Mr Ipumbu Shiimi, this Monday, 22 September signed a Currency Conversion Agreement between the Bank of Namibia and Banco Nacional de Angola paving the way for the use of the Kwanza
at the border town of Oshikango in northern Namibia.
The non-oil tax receipts in Angola rose by 34% in 2013, increasing from 467 billion Angolan Kwanza
in 2012 to 625 billion Kwanza
last year (1 US dollar = 98 Kwanza
), says the country's national custom service on Wednesday.
In Q412, Angola-based diamond miner Sociedade Mineira de Catoca (SMC) was awarded the rights to carry out prospecting for diamonds in the province of Kwanza