Gross credit to the non-financial sector of the Angolan economy reached 8.8 trillion kwanzas (about US$ 9.45 billion) in October, an increase of roughly 570 billion kwanzas compared with the same period last year, announced the Banco Nacional de Angola (BNA).
Of this total, credit to the private sector (private companies and individuals) absorbed 85.4%, and the remaining 14.6% corresponds to indebtedness of the public sector (public administration and state-owned enterprises), the BNA’s statistical news release explains.
The stock of credit to the economy, in local currency, reached 7.1 trillion kwanzas (about US$ 7.70 billion), representing an increase of 1.3 trillion kwanzas from October 2024.
According to the central bank’s release, indebtedness of the non-financial public sector stood at 1.3 trillion kwanzas (around US$ 1.40 billion), a reduction of 273.2 billion kwanzas compared to the same period last year.
Meanwhile, the private sector saw growth of 843.1 billion kwanzas, rising from 6.7 trillion to 7.5 trillion kwanzas (about US$ 8.05 billion), of which 5.9 trillion kwanzas were absorbed by companies.
In October, gross credit to the real economy sector reached 1.8 trillion kwanzas (around US$ 1.87 billion), an increase of 307 billion kwanzas year-on-year, driven mainly by growth in the extractive-industry subsector.
Of that financing slice:
- Manufacturing industries absorbed 791.2 billion kwanzas (≈ US$ 0.857 billion).
- Extractive industries received 713.3 billion kwanzas (≈ US$ 0.773 billion).
- Agriculture, livestock, hunting, forestry and fishing together accounted for 339.3 billion kwanzas (≈ US$ 0.367 billion).
Source: Lusa
