May 2016

  • CHAMBER OF COMMERCE SIMPLIFIES FINANCIAL LANGUAGE

    CHAMBER OF COMMERCE SIMPLIFIES FINANCIAL LANGUAGE

    26.05.2016

    Is there any way to make it simple for the Angolan business community, the financial language and the way it is structured in the country: the answer is yes, according to the Chamber of Commerce and Industry of Angola (CCIA).

    To demonstrate, in practical ways, such conviction, the CCIA has just released a book called “ How to access the banks in Angola - financial literacy for entrepreneurs”, which summarizes the functional format of the Angolan financial system.

    The study, whose one of sponsors was Banco de Poupança e Crédito (BPC) has an A4 format, a model of periodicals, 84 pages, divided into 8 chapters. “The industry needs initiatives like this, as it approaches the business comunity to the financial sector”, said a BIC representative.

    Prepared with the technical support of Mulemba Consultores and funded by BPC, BFA, BCA, Banco Bic, Banco Bic Seguros, Universal Seguros and BTA, the study discusses the financial system concepts, supervisory entities that comprise the financial services in Angola, nonbank financial institutions, Angola’s financial system entities, the insurance market and commercial banks operating in Angola.

    “This study fills the lack of a condensed information and easy consulting manual on the national financial sector” said José Marcos, from Banco BCA. “Gender initiatives improve the relationship between insurance, banking and consumer services”said, in turn, João Martins of Universal Seguros.

    Marketed to Akz.5.000, the study “How to access the banks in Angola ? - Financial literacy for entrepreneurs is a new edition, updated, to a study released by the Chamber of Commerce and Industry of Angola (CCIA) in 2000, based on a research paradigm of the International Trade Centre.

    “The current time justifies the study update, in order to both strengthen the various business actors and to ensure greater confidence in the financial sector in Angola”, defended the Secretary General of the Chamber of Commerce and Industry, António Tiago Gomes.

    “Today, we need to engage all stakeholders to lead a real economic diplomacy campaign” , added the official. The release of the study took place in a hotel in the Angolan capital, Luanda, in an event where the Minister of Commerce, Fiel Constantino was represented by the Director of the National Institute of Consumer Protection (INADEC), Paulina Semedo.

    “The act of simplifying financial language to the sector stakeholders is a critical move. In fact, we need to popularize the spread of this study, because the lack of financial literacy is a critical activity that not only undefine the future of entire nations, but especially prevents that large parts of the population is unable to access basic financial services “, concluded Paulina Semedo.

    Source: DMI / BPC


CHAMBER OF COMMERCE SIMPLIFIES FINANCIAL LANGUAGE

26.05.2016

CHAMBER OF COMMERCE SIMPLIFIES FINANCIAL LANGUAGE

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