Brazil

Business in Angola captured off guard by kwanza devaluation confess problems and evaluation methods

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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 director admits that the devaluation has led to investment freezes and may result in job reductions.As an exporter, the devaluation also affects their product prices, potentially worsening poverty and unemployment.Refriango, a major beverage company, is similarly reevaluating its strategies ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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