Angola to Give Parties $8.3 Million for Election, Angop Reports

Angola, Africa’s second-biggest oil producer, will allocate a total 788.5 million kwanza ($8.3 million) to political parties before the Aug. 31 election, Angop reported, citing a presidential statement.

The National Electoral Commission will decide how much money each of the parties will receive, the Luanda-based news agency said.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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