The devaluation of Angola’s kwanza currency has caused significant challenges for companies operating there. With a 60% devaluation since the start of the year, businesses like Novagrolider, a large agro-industrial project employing 4,000 people, are feeling the negative effects. Novagrolider relies on imported production factors and has many expatriate workers, intensifying the impact. Novagrolider’s financial […]
Companies in Angola “caught off guard” by kwanza devaluation admit difficulties and review strategies
