Africa-Press – Angola. The executive director of Banco Caixa Geral Angola, Francisco Santos, said Tuesday in Luanda that if the International Financial Action Office (FATF) gives a positive rating to the international structure of the Angolan banking and non-banking financial system, 2024, Angola may see its financial ranking improve from the beginning of 2025.
The information was provided to the Prime Minister of Portugal, António Costa, who was at the banking institution at mid-morning yesterday, as part of the 48-hour official and working visit that he has carried out since last Monday to the country, at the invitation of the President of the Republic, João Lourenço.
Francisco Santos also referred that the improvement of the Angolan financial system from 2025 also depends on the stability of the country’s economic and financial panorama, as well as the approval of the (ongoing) candidacy of the National Bank of Angola (BNA) to the framework of European banking supervision.
To the head of the Portuguese Government, the also member of the Board of Directors of Banco Caixa-Angola made a detailed review of the state of the country’s economy in recent years, recalling that one of the main focuses of the Angolan Executive has been the increase in tax revenue, which rose 76 percent to more than $21.3 billion between 2019 and 2022.
He informed that the Angolan Executive created, in 2019, a mechanism to encourage the growth of the non-oil product, noting that it has grown, on average, more than the oil GDP. Francisco Santos also spoke to the Prime Minister about the depreciation of the kwanza since last April, which has now reached 15 percent against the dollar and the euro. He highlighted the “great work” that has been carried out by the Angolan authorities in terms of indebtedness and the public debt ratio, which is estimated at over US$52 billion.
He underlined, by the way, that the increase in tax revenue and the budgetary slack obtained have been used by the Angolan State to increasingly reduce the burden of public debt on national finances.
Francisco Santos assured that Banco Caixa-Angola is a structuring institution in the Angolan financial system, committed to the promotion and sustainable development of the country, as well as the internationalization of national companies.
Banco Caixa-Angola is established in the market
Angolan for 30 years. It’s a
company made up mainly of foreign capital, where 51 percent of the capital is held by Caixa Geral de Depósitos of the Portuguese Government. Since 2009, only two Angolan shareholders have been part of its capital structure.
The financial institution is present in 9 provinces in the country, with 27 branches and approximately 68 thousand private clients and 8 thousand corporate clients. It also has 514 employees, 74 functional ATMs and more than 4,100 active TPA spread throughout the national territory.
MODERNIZATION OF SERVICES
ICAESC staff informed about the consular management system
The Institute of Angolan Communities Abroad and Consular Services (ICAESC) held, yesterday afternoon, at the National School of Administration and Public Policies (ENAPP), a seminar to present the General Consular Management System (SIGGEC) to its employees, with with a view to familiarizing them with that digital platform, which is intended for the modernization of consular services.
The seminar aimed, essentially, to elucidate those present about the importance of the system, its implementation, technical and technological advantages and the gains that can be taken from it, with regard to practical execution, that is, from the perspective of citizen satisfaction.
The general director of ICAESC, Maria Filomena do Rosário Neto António, highlighted, on the occasion, the practicality provided by that technological solution, with emphasis on the quick, timely, effective and efficient responses to the main requests of citizens who seek the services of the Institute of Angolan communities, whether abroad or in Angola.
According to Ambassador Maria Filomena do Rosário Neto António, the SIGGEC, in addition to innovating the modus operandi of the ICAESC, provides greater reliability and security of the data it generates and of the information that is processed between the different consular services and beyond.
For the director-general of the Institute of Administrative Modernization, Meik Afonso, who facilitates the system, SIGGEC appears to integrate, modernize and improve the administrative acts carried out by the Angolan consulates, thus giving them greater control of the data that get from users.
Meik Afonso referred that AIGGEC is not a finished project, so it appears to be a platform subject to constant and permanent adaptations, depending on the dynamics that are imposed throughout its implementation and practical execution.
SIGGEC is a digital platform whose purpose is to integrate, modernize and improve the quality of consular services provided to citizens in the country and abroad.
This platform also intends to provide citizens with a more dynamic, efficient, effective and satisfactory service, both from the point of view of the provider – the Institute of Angolan Communities Abroad and Consular Services (ICAESC) – and from the perspective of the final consumer, the user.
SIGGEC was formally launched on Tuesday, through the said seminar and the process will be extended to all diplomatic and consular missions in Angola.
To achieve this aim, a multidisciplinary team recently traveled to South Africa and the United Arab Emirates and then to Portugal and other countries, to survey the existing technical conditions for the implementation of SIGGEC.
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