Economy - ANGOLA CHRONICLE

The banking sector has lost 1,400 workers over the past three years

According to Filipe Makengo, president of the National Union of Bank Employees of Angola (SNEBA), the national banking sector has lost a total of 1,400 workers over the past three years.In his view, the profit-driven logic of the market leads financial institutions to adjust their staffing levels whenever results are negative. “Human capital ends up […]

Investment efforts aim for vital economic diversification

Leave a Comment / Economy / maadsv@gmail.com

Since 2021, GDP growth in Angola has rebounded following five years of recession and is forecast to reach between 2% and 3% in the coming years. While the economy remains highly dependent on hydrocarbons, non-oil sectors – including agriculture, information and communications technology, manufacturing and public infrastructure projects – are driving economic activity. Angola has

Investment efforts aim for vital economic diversification Read More »