2 January 2018

Angola: Housing Institute Raises Less Revenue in 2017

Moçamedes — More than 50.1 million kwanzas is the amount collected during the year 2017, by the National Institute of Housing in the southern province of Namibe, lower revenue compared to the 61 million, in 2016, on real estate's colletion.

According to the head of the the National Housing Institute (INH) in the province, Marcolino Victor, in an interview to Angop, the reduction of revenues is due to the crisis in the country, with repercussions on citizens losing purchasing power.

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