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AfricaSeptember 3 2018

Angola banks maintain profitability amid hopes of speedier reforms

In the year since João Lourenço became president, Angola has begun diversifying away from its oil dependency. Meanwhile, the country's banks are hoping a reduced role by the state and business reforms will shore up the economy. Peter Wise reports.
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After weathering a challenging economic climate for almost four years, banks in Angola are looking for fresh opportunities to expand as the country gradually recovers from a deep downturn sparked by the collapse of oil prices from mid-2014.

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