Sunday, August 14, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Just In

Angola grants $894 million credit to real economy amid pandemic

by SAT Reporter
August 17, 2021
in Just In
0
Angola grants $894 million credit to real economy amid pandemic
0
VIEWS

(The Southern African Times) – Since last April, Angola has granted a total of 578.19 billion kwanzas (894 million U.S. dollars) in credit to the real economy, the National Bank of Angola (BNA) announced Monday.

The amount disbursed by commercial banks until July totaled 326.82 billion kwanzas (505 million U.S. dollars), up 30.83 billion kwanzas (48 million U.S. dollars), or 10.4 percent compared to that of June, the BNA said in a statement.

Since the national bank issued a notice in April last year, a total of 284 credits were disbursed to the real sector of the Angolan economy, with 205 of them being “effective disbursements”, reads the statement.

Of the amount disbursed, large companies received 59.2 percent, or 193.4 billion kwanzas (299 million U.S. dollars), followed by medium-sized companies with 38.5 percent, or 125.9 billion kwanzas (195 million U.S. dollars).

According to the statement, in general terms, the amount approved by the banking sector until July corresponded to 324.7 percent of the minimum amount to be granted until the end of 2021, with the amount actually disbursed representing 183.5 percent.

The BNA issued Notice No. 10/20 on April 3, 2020, which defined conditions for the granting of credit to the real economy amid COVID-19.

Previous Post

Weekly African Market Commentary

Next Post

AU hails Zambia’s election, congratulating president-elect Hichilema

SAT Reporter

Related Posts

African observers laud Kenya for holding free, fair elections

African observers laud Kenya for holding free, fair elections

by SAT Reporter
August 13, 2022
More African Central Banks Are Exploring Digital Currencies
Finance

More African Central Banks Are Exploring Digital Currencies

by SAT Reporter
August 8, 2022
What is at stake for investors in Kenya’s elections?

What is at stake for investors in Kenya’s elections?

by SAT Reporter
August 8, 2022
Ivory Coast president pardons predecessor Gbagbo to boost “social cohesion”

Ivory Coast president pardons predecessor Gbagbo to boost “social cohesion”

by SAT Reporter
August 8, 2022
Kenya commences shipment of fresh avocados to Chinese market
Business

Kenya commences shipment of fresh avocados to Chinese market

by SAT Reporter
August 3, 2022
Next Post
AU hails Zambia’s election, congratulating president-elect Hichilema

AU hails Zambia's election, congratulating president-elect Hichilema

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • BOTSWANA
  • Botswana
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • Zambia
  • ZAMBIA
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa New Africa News african footballer African investments african markets African news African start-up banking Business China Classic Climate change Content currency Explore Bali Finance football Investment Life Style Markets Market Stories Namibia news Oilandgas oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?