Angola: Sistec Reduces Sales and Closes Some Stores

Luanda — Sistec's (Systems, Technologies and Industry) turnover decreased from USD 100 million in 2014 to USD 50 million in 2017, due to the shortage of foreign currency in the Angolan market.

This situation, which has been dragging since 2014, forced the company's management to close some stores in the provinces of Lunda Sul (Saurimo), Uige, Cuanza Norte and Luanda, according to its president Rui Santos, who made the statement on the sidelines of the seminar on taxation.

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