Day: March 28, 2023

The government plans to present financing instruments adjustable to the needs of startups, taking into account the different stages they are at, announced Tuesday the national director for Economy and Business Development, Nédio dos Santos.

Speaking at the updating meeting of the Ministry of Economy and Planning (MEP), he stressed that the instruments will be presented at the 2nd edition of the “Angola Startup Summer”, to be held on April 27 to 29, under the motto “Innovation and technology as vectors for the immersion of startups in Angola”.

Nédio dos Santos said that the event aims to foster the emergence of new startups, improve entrepreneurial literacy, mature ideas so that “they have the necessary robustness, so that when they go to the market they can have the normal startup cycle, as well as connect startups so that they can create service exchanges.

According to the official, the intention is to finance two companies via venture capital, in a universe of 200 startups segmented between projects under the umbrella of some universities or institutes, incubators, accelerators and those that today are companies, among others.

“The MEP will challenge the startups in order to find a set of solutions that can improve the parking system in the province of Luanda and the creation of QR code, by which customers can make payments in restaurants without human interaction”, he emphasized.

On his turn, the national director of Socio-economic Studies, Luís Epalanga, made known that the MEP in collaboration with the Economy and Market Magazine will hold the 1st edition of the “Angola Economic Outlook”, under the motto “Economic recovery to sustainable development”.

He also said that the event should constitute a platform for debate on issues focused on the national economy, namely economic growth, employment, inflation, public finances, monetary policy, and the national financial system.

With this event, he continued, the intention is to establish a forum that allows the Government, academia, the private and financial sector, and opinion makers to evaluate recent developments in the national economy and to anticipate the expected behaviour in the short and medium term, taking into account the forecast established for the international and national context on the solution of a set of assumptions.

Luís Epalanga says that this event should serve everyone interested in developing business in Angola (nationals, foreigners, internationally ranked financial institutions).

The 1st edition of the “Angola Economic Outlook” will be held on April 26 and will be attended by members of the Angolan Government, international development cooperation partners, academia, commercial banks and members of civil society.

The director also said that the opening ceremony is to be conducted by the Minister of State and Economic Coordination, Manuel Nunes Júnior, having as main speakers the Minister of Economy and Planning, Mário Caetano João, who will present the performance of the real sector of the economy in the period 2017 – 2022 and the medium term perspectives.

The event will also be attended by the minister of Finance, Vera Daves, who is expected to present the performance of public finances 2017-2022 and the governor of the Angolan Central Bank (BNA), José de Lima Massano, who will present the performance of the country’s external, foreign exchange and monetary sector.

According to Luís Epalanga, with this event, the Executive inaugurates a new way to communicate the performance of the national economy, to allow economic agents access to information, which allows them to anticipate decision making.

Source: Angola Press News Agency (APNA)

The Angolan Head of State, João Lourenço, received, this Tuesday, a written message from his Zimbabwean counterpart, Emmerson Mnangagwa, within the framework of strengthening bilateral cooperation.

The message was conveyed by Patrick Chinamasa, special envoy of the President of Zimbabwe, who at the end of the audience said that it was the intention of both governments to keep working for the unity and development of Southern Africa.

Patrick Chinamasa, who highlighted the importance of friendship and cooperation ties, recalled that Angola and Zimbabwe maintain deep and fruitful ties from a political, diplomatic and commercial point of view.

Located in Southern Africa, like Angola, the Republic of Zimbabwe is a country placed in the south area of the continent, between the Zambezi and Limpopo rivers.

Zimbabwe is bordered to the north by Zambia, to the north and east by Mozambique, to the south by South Africa and to the west by Botswana.

Source: Angola Press News Agency (APNA)

The Banco de Negócios Internacional (BNI) bank resumed on Monday the money transfer service called Moneygram in order to facilitate the transaction of values abroad for its clients.

According to a press release, which ANGOP had access to, the limit of money to send is 2,524,005 kwanzas equivalent to USD 5000 every month per customer.

According to the document, the strategic partnership between BNI and Moneygram (one of the main international players of money transfer and payment services) will allow customers, in a first phase, to use the service in 35 branches spread across the country.

The note revealed that the same partnership will facilitate the sending of money, in a fast way, to more than 200 countries, in which Moneygram is currently operating.

It also explains that the transfers of the amounts to be moved will be made and received in Kwanza currency, depending on the availability of the existing amount and the regulatory limits defined by the National Reserve Bank of Angola.

According to BNI´s board of directors, the date is relevant, not only because it resumes work, with a partner that has always been there, but also because it once again makes available a service that is of extreme importance to its customers.

Source: Angola Press News Agency (APNA)

About 230 companies are confirmed for the direct and indirect exhibition of the 5th edition of Expo-indústria/2023, to be held from March 29 to April 1, in the Special Economic Zone (ZEE) Luanda-Bengo, said, the Chairman of the Board of Directors of Eventos Arena, Bruno Albernaz.

Speaking to ANGOP, about the preparations for the event, he underlined that the 230 confirmed participations exceed the approximately 200 of 2019, when the Expo-indústria (Expo Industry) had a three-year pause, due to Covid-19 pandemic.

According to the businessman, despite the registration process being finalised, the confirmed participations represent an extremely positive number for a sectoral fair linked to the industry.

He made it known that in terms of participation there are about eight provinces, including Benguela, Huíla, Namibe, Malanje, Cabinda and Cuanza Norte.

He added that the exhibiting companies are all national, “that operate in our market, carrying out their activity in the country, because it is an expo focused on national industry. The international participation is of agents representing machines and equipment that they make available to these industries to keep up with their business”.

“There are 15 companies that are presenting to the market machines and solutions needed on the market”, he emphasized.

The 5th Edition of Expo-indústria/2023, to be held from March 29th to April 1st, in the Special Economic Zone (ZEE) Luanda-Bengo, will bring together, among several sectors, the manufacturing industry, engineering and civil construction, as well as the food industry and agribusiness.

Participation in the fair has a minimum value of 320,000 kwanzas for a “stand” of nine square meters, creating a 20% discount for companies that are not from Luanda.

The purpose of the event is to make industries increase employment and improve the living conditions of populations and leverage new partnerships and businesses.

Source: Angola Press News Agency (APNA)