FAA Commander-in-Chief determines licensing of Chief Commissioner Sebastião Gunza to retirement

Angolan head of State João Lourenço decided on Monday to authorise the Chief Commissioner of the National Police, Sebastião Domingos Gunza, to take his retirement.

The information is expressed in a press release from the Presidency’s Office, stating that João Lourenço acted in his capacity as Commander-in-Chief of the Angolan Armed Forces (FAA) .

Sebastião Domingos Gunza was sworn in as Chief Judge of the Court of Auditors on same day

Source: Angola Press News Agency (APNA)

BNA pledges to create policies to stabilise national currency

The newly appointed governor of the Central Bank of Angola (BNA) Manuel António Tiago Dias on Monday in Luanda promised to work on the implementation of monetary policy measures aimed to ensure the stability of prices and the national currency, Kwanzas.

Speaking to the press after the swearing in ceremony, the new BNA governor also pledged to work on the appreciation of the Kwanzas, a task he described as tough.

“It is not an easy task (…), we count on everyone’s support. We are counting on the help of the commercial banks to play their role,” said the BNA governor, adding that the commercial banks should help boost the Angolan economy.

He said that the stability of prices and of the national currency depended on national production.

BNA´s governor said that, the greater the diversification of the economy, particularly export revenues, the greater the stability of prices will be.

Profile

Manuel António Tiago Dias was appointed by the President João Lourenço as governor of the BNA, taking over from José de Lima Massano who, at his own request, recently left his post.

He holds a master’s degree in Economic Sciences from the University of Bordeaux in France.

He joined the BNA in 1997, where he held various positions until his appointment, in 2016, as deputy governor.

He also held positions of director of the Statistics Department, deputy director of the Studies and Statistics Department and head of the Studies and Statistics Division

Source: Angola Press News Agency (APNA)

Angolan president calls for greater control of inflation

Angolan head of State João Lourenço Monday recommended the governor of the Central Bank of Angola (BNA) commitment to keep the national currency (Kwanza) strong and exercise greater control over inflation.

João Lourenço made the call at the swearing-in ceremony of the governor of BNA Manuel António Tiago Dias, stating that the right policies carried out by central bank will ensure a strong economy.

The Angolan Head of State also swore in Rui Manuel de Sousa Malaquias as member of the Economic and Social Council (CES), a consultative body of the President of the Republic.

Stressing the role of CES, the president João Lourenço underlined the fact of this body to integrate a “group of thinkers” in terms of the economy and finance that will contribute to a strong economy.

To João Lourenço, when talking about the Angolan economy the focus should be on its diversification.

“Let us be honest in recognising that there is still much more to be done, that is, in terms of diversification of the economy we are very far from being satisfied,” he said.

The BNA, the Economic and Social Council and the government itself must join hands and work towards this great task of diversifying the economy, which is our salvation

Source: Angola Press News Agency (APNA)