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Angola
19 March 2020

Covid-19 could cost African oil exporters USD 65 billion

The Covid-19 pandemic is taking a severe impact in the economies of China, Africa’s major trading partner, and also Europe and North America.
18 March 2020

Legal alert: Stricter bank regulations under new anti-money laundering law

Angola’s new law against money laundering, a long-time demand of the International Monetary Fund (IMF) and banking regulators, has finally come into force. Both financial and non-financial institutions are subject to stricter regulations, from now on.
16 March 2020

Analysis: Angolan economy set for Covid-19 blow

The Covid-19 pandemic is having a severe impact on the global economy, from aviation and tourism to car sales. With its economy still reliant on oil exports, Angola's expectations to end a 4-year recession in 2020 are now fading away.
10 March 2020

Fitch Ratings lowers risk rating for Angola to  “B-“

Fitch Ratings has lowered its risk rating on Angola to "B-", reflecting the impact of lower oil production and prices and the consequent devaluation of the national currency, the kwanza.
04 March 2020

Angola Legal Flash: New rules for foreign exchange operations by foreign residents

The National Bank of Angola (BNA) Notice no. 15/19, published 30 December 2019, defines new procedures for foreign exchange operations carried out by non-residents.
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