• Contact
Monday, May 12, 2025
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

    African nations may face pressure as China warns against U.S.-aligned trade deals

    afb

    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

    ua

    Trump cuts see main African health agency turn to local funding

    Trending Tags

  • Business
    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

    Alcides Andrade, anpg

    ANPG has already awarded over 40 new concessions in various oil blocks

    nvidia

    Africa’s first AI factory, backed by Zimbabwean billionaire and Nvidia, to cost $720 million

    elon musk

    South African minister accused of trying to ease ownership law for Elon Musk’s Starlink

    copper

    Copper prices surge as Trump signals 25% tariff on imports

    bmw

    BMW SA reintroduces third shift, says there is growing local interest in PHEV model

    zim

    Zimbabwe seeks $950m in new bid to kick-start mining firm

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

    African nations may face pressure as China warns against U.S.-aligned trade deals

    afb

    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

    ua

    Trump cuts see main African health agency turn to local funding

    Trending Tags

  • Business
    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

    Alcides Andrade, anpg

    ANPG has already awarded over 40 new concessions in various oil blocks

    nvidia

    Africa’s first AI factory, backed by Zimbabwean billionaire and Nvidia, to cost $720 million

    elon musk

    South African minister accused of trying to ease ownership law for Elon Musk’s Starlink

    copper

    Copper prices surge as Trump signals 25% tariff on imports

    bmw

    BMW SA reintroduces third shift, says there is growing local interest in PHEV model

    zim

    Zimbabwe seeks $950m in new bid to kick-start mining firm

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Uncategorized

Angola improves financial system

TAB by TAB
24/06/2022
in Uncategorized
0
Angola improves financial system
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Angola improves financial system

The governor of the Central Bank of Angola (BNA), José de Lima Massano, considers that the country has made remarkable progress in its financial system, after leaving the black and grey lists of the Financial Action Task Force (FATF).

Related posts

Africa climate summit latest: UAE pledges $4.5bn

Africa climate summit latest: UAE pledges $4.5bn

05/09/2023
1
Ethiopia wants to join the Brics group of nations …

Ethiopia wants to join the Brics group of nations …

15/07/2023
2

“We evolved in the year 2016, we definitively left this list. We came out of the black list, we went through the grey list and we are out,” said José de Lima Massano, during the 105th session of the Monetary Policy Committee (MPC), held in Huila on 31 May this year.

Answering local journalists, at the time, about the coming to Angola of the team from the Group for the Prevention of Money Laundering in Eastern and Southern Africa (ESSAMLG), he said that it was a path that the country had been following since 2010, a period in which the country was blocked for being part of a list of countries that were considered to be non-cooperating.

“We want to remain outside those lists. The work is permanent and the rules are changed and some are determined by the FATF itself, which regulates these matters and others are from initiatives from our own authorities, including the National Bank of Angola itself,” said the governor of the Central Bank.

Speaking about the financial system, he said it was noticeable that nowadays the banks were asking more questions and wanted to know where the money came from, to ensure that what was determined from a normative point of view, in terms of effectiveness, was also a reality.

In this field, he said that progress has been made, looking at the work that must continue to be done since “there is still room for improvement and to always do a little more, in the scope of these matters”.

In this regard, he said he wanted to rely a little more on the entities that are not supervised by the BNA, for whom the assessment being made is really about the country and not just the financial system.

“With regard only to the financial system, the work we have done gives us the comfort that we are on the right track,” he reiterated.

He added there is, likewise, work to raise awareness of the people who connect with the transactions that take place either within or outside the financial system.

“The concern is not only that there is an act of laundering of the financial system, but also the origin of those transactions,” he stressed.

The mutual assessment of the financial system by the team from the ESAAMLG – the FATF branch, will take place in Angola from 27 June to 15 July, this year, with the delegation’s visit scheduled for Thursday, 23 July.

The assessment will be of compliance and effectiveness, following the provision of laws and regulations that drive the Angolan financial system.

The results of the assessments will be known in the first quarter of 2023, in a plenary to be held in Arusha, Tanzania.

Angola improves financial system

Source: Further Africa
Previous Post

South Africa economy bounces back from floods

Next Post

Angolan former President admitted to intensive care unit

Next Post
Angolan former President admitted to intensive care unit

Angolan former President admitted to intensive care unit

RECOMMENDED NEWS

Kenya’s retail investors use 54% of their shares as collateral for bank loans

Kenya’s retail investors use 54% of their shares as collateral for bank loans

3 years ago
3
3 Best Mediterranean Attractions

3 Best Mediterranean Attractions

3 years ago
3
Afreximbank approves $10 million grant to operationalize the AfCFTA Adjustment Funds

African Business Roundtable, Afreximbank conclude first webinar in series for project preparation

3 years ago
6
Kenya’s agripreneuer queen using data analytics to drive farming

Kenya’s agripreneuer queen using data analytics to drive farming

2 years ago
6

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • De Beers to shut down lab-grown diamond brand Lightbox
  • South Africa to revise cannabis food laws amid public backlash
  • BPI expects to earn over €95 million from partial sale of BFA in July

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

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
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business