UNITA youth wing begins 5th Congress works

Viana – The 5th ordinary congress of the Revolutionary United Youth of Angola (JURA) started Wednesday in the Municipality of Viana, in Luanda, with internal work, with emphasis on the presentation and analysis of contributions related to the proposed agenda of the national committee meeting.

The official opening ceremony of the three-day congress is scheduled for Thursday, during which the new leader of the Youth Organization will be elected to replace the outgoing secretary-general, Agostinho Kamuango.

Manuel Armando Nelito Ekuikui and João Lucombo are the two candidates vying for the top JURA position.

Speaking to the press, João Lucombo promised that he will prepare JURA to defend the interests of Angolan youth if he wins the elections, while Nelito Ekuikui stressed that he intends to empower Angolan youth to be authors of their own achievements, challenges and dreams.

JURA´s 5th congress foresees the assessment of key issues to solve problems affecting youth such as unemployment, homelessness and social conditions in general.

The congress, which brings together more than 500 delegates from all provinces of the country, will be held under the slogan “JURA – Innovate and Mobilize to Win”.

The United Revolutionary Youth of Angola was founded on July 18, 1974, by David Janotão, who was the first leader of the youth organization.

Source: Angola Press News Agency (APNA)

Bahrain: IPU Secretary-General calls for dialogue

Manama – The Secretary-General of the Inter-Parliamentary Union (IPU), Martin Chungong, appealed in Manama for open and fraternal dialogue as a way to solve internal conflicts and between nations.

Speaking to the Angolan press, Martin Chungong said that dialogue allows belligerents to talk and express their points of view, so that they can be taken into account and a solution that satisfies everyone can be found.

When asked about the conflicts in the east region of the Democratic Republic of Congo (DRC) and between Russia and Ukraine, Martin Chungong stressed the need for cohabitation and peaceful coexistence, respect for religious difference and human dignity for everyone´s well-being.

He said that IPU is for peaceful coexistence, for the promotion of peace and tolerance.

Specifically, regarding the conflict between Russia and Ukraine, Martin Chungong announced that IPU will create a task force to keep the channels of dialogue open, reporting on the steps taken to resolve the conflict.

Martin Chungong said that the task force is the only interlocutor of the organisation mandated to maintain permanent dialogue with both countries and help find the best way forward.

The Angolan delegation, headed by the Parliament Speaker, Carolina Cerqueira, spent four days of intense parliamentary diplomacy, maintaining contacts with foreign counterparts with whom she discussed issues related to cooperation between Angola and the respective countries, as well as between parliaments.

During the meetings with the most different personalities, Carolina Cerqueira took the opportunity to promote Angola´s image by publicising the achievements of the government aimed at the social well-being of Angolans and the political transformations that have resulted in a younger parliament, balanced in terms of gender and where peaceful and partisan coexistence is a reality.

In addition to the approach on bilateral cooperation, Carolina Cerqueira also emphasised the need to create parliamentary friendship groups with some countries in order to promote exchanges and exchange of experience in a more active way.

The Angolan delegation also took the opportunity to gather detailed information about the organisation of the event by learning from Bahrain´s experience for the success of the Luanda meeting.

During the 146th General Assembly of the IPU, the parliamentarians addressed, among others, issues related to peaceful coexistence, tolerance, inclusion, crimes and security against cybercrime, climate change, advancement of women in politics, youth in change, natural disasters and global health, as well as the strengthening of climate legislation to reduce carbon emissions and support for a clean energy transition.

The Inter-Parliamentary Union (IPU) is made up of 178 national parliaments and 12 regional assemblies. It is currently the main parliamentary interlocutor with the United Nations.

Source: Angola Press News Agency (APNA)

Stock Exchange Business grows 60.20% and registers a AKZ 1.5 billion record

Luanda – The Angolan Debt and Stock Exchange (Bodiva) handled 1.5 billion kwanzas in 2022, a volume of transactions considered “record”, with 5,746 deals being carried out in the markets.

The movement of securities had a 60.20% increase compared to the same period last year, according to the annual report presented this Thursday, at the BODIVA’s IV Forum edition 2023.

In each quarter, an average value of 391.2 billion kwanzas was traded, according to the document presented by the Bodiva’s executive director, Odair Costa.

The highest peak of negotiations was registered in the third quarter, with a movement of 606.31 billion kwanzas.

With a quarterly average of 1,437 transactions, there was an increase of 6.01% compared to the same period of the previous year.

By market segment, around 63.26% were trades carried out in a multilateral environment and around 36.74% bilaterally, with a tendency for investors to taking preference on the multilateral environment.

In terms of business, the annual average between 2016 and 2022 was 38.80%.

Of the amount traded by year of maturity, compared to previous periods, there is a greater concentration in securities with residual maturity of up to 3 years.

As an example, bonds maturing up to 2026 represent 77.92% of the amount traded in 2022.

Treasury Bonds (OT) registered a total of 4,643 trades, equivalent to 80.80% of total trades, while Treasury Bills (BT) stood at just 0.17%.

In terms of private securities, Shares represent, in the aforementioned period 16.95% and Participation Units 2.07%.

By type of security, Non-Adjustable Bonds – OT-NT (72.27%) predominate, with greater appetite from institutional and private investors regarding to Treasury Bonds Linked to Exchange Rate -OT-TX (18.90 %), Bonds in Foreign Currency – OT-ME (3.83%), Shares (1.56%), OT-BT (021%), Treasury Bills (0.15%) and Shares (0.07%).

In 2022, five members had the best performance in the amount traded in 2022, out of a total of 25 intermediation agents. These are Fomento Angola Bank (BFA), BAI Bank, Standard Bank Angola (SBA), Millennium Atlântico bank (BMA) and BPC bank.

Transactions from these top five places at the level of trading and settlement members account for around 63.73%.

Of the total, BFA holds a market share of 23.52%, with 625.01 billion kwanzas handled, in 2022, while BAI comes in second with a share of 17.70%, with 470.35 thousand million kwanzas transacted.

In terms of sectors, financial institutions were the ones most traded in the buying position, with a total of 172.15 billion kwanzas, Kz 93 billion from companies in the wholesale and retail trade sector.

In the case of sellers, the industry sector leads with 99.98 billion, followed by wholesale and retail trade with Kz 83.52 billion.

According to Odair Costa, the year 2022 was marked in the history of the markets, as the period in which the Equity Market was implemented, the admission to trading of the issuers of BAI and Banco Caixa Geral Angola bank (BCGA).

Source: Angola Press News Agency (APNA)

Bahrain: IPU General Assembly ends with Angola display

Manama – The 146th General Assembly of the Inter-Parliamentary Union (IPU) held at the Bahrain’s World Exhibition, in Manama, capital of the Kingdom of Bahrain, ended this Wednesday afternoon with the display of a promotional video with detailed information and images about Angola.

Angola will host, in October this year, the IPU’s 147th General Assembly, which is why the organization took the opportunity to promote the host country of the next world inter-parliamentary meeting.

During the four days of activity, which brought together representatives of 178 national parliaments and 12 regional assemblies, the Angolan delegation headed by its National Assembly leader, Carolina Cerqueira, developed an intense day of parliamentary diplomacy, maintaining contacts with foreign counterparts with whom it addressed issues associated to cooperation between Angola and the respective countries, as well as between parliaments.

Carolina Cerqueira took advantage of the meetings with the most diverse sensitivities to promote the country’s image and features, making known the achievements made by the Executive aimed at the social well-being of Angolans and the political reforms, which resulted in a younger parliament, balanced in terms of gender and where peaceful and partisan coexistence is a reality.

In addition to the approach on bilateral cooperation, Carolina Cerqueira also emphasized the need to create parliamentary friendship groups with some countries in order to promote trade and experience exchange in a more active way.

Also highlighted was the Angola spot, which, throughout the event, received members of all the delegations present, with a daily flow of more than 300 delegates eager to know information about the country, the IPU’s next stop, in October of the current year.

The Angolan delegation also took advantage and learned detailed information on the organization of the event, “drinking” on Bahrain’s experience for the success of the conclave in Luanda.

During the IPU’s 146th General Assembly, parliamentarians addressed, among others, issues linked to peaceful coexistence, tolerance, inclusion, crime and security against cybercrime, climate change, advances of women in politics, youth in change, natural disasters and global health.

The approach also included reinforcement of climate legislation to reduce carbon gas emissions and support for a clean energy transition.

The parliamentarians approved, among other documents, a resolution in which they call for dialogue as a way to end armed conflicts in the world, highlighting Russia and Ukraine’s war issues.

They also approved the creation of a task force, as the only interlocutor, to monitor the situation in Ukraine, as well as to help in the dialogue between the two member countries of the organization.

The IPU is made up of 178 national parliaments and 12 regional assemblies. It is currently the United Nations main parliamentary interlocutor of the United Nations.

Source: Angola Press News Agency (APNA)