President Luís Inácio Lula da Silva heads to Egypt amidst rising Egypt-Israel tensions over Gaza- his visit marks 100 years of Brazil-Egypt relations. Lula sets off on this pivotal journey on February 14, 2024, arriving in Cairo. Israeli Prime Minister Benjamin Netanyahu’s recent declaration highlighted the need for operations in Rafah, Gaza, to combat Hamas. […]
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Angolan bank profits to fall by 13.6% in 2022 due to various factors
The net profits of the Angolan banking sector experienced a 13.6% year-on-year drop in 2022, amounting to 367 billion kwanzas (US$443 million). Increased impairments and worsening losses from Banco de Poupança e Crédito primarily influenced the decline. This information comes from a 2022 study by Deloitte, which analyzed 23 active banks in Angola for the […]