BFA - Angola Weekly

Dear subscriber [name],

Please find attached Angola´s weekly highlights:

In November, oil production reached 31.8 million barrels, equivalent to 1.06 million barrels per day (mbd), representing a 5.9% decrease compared to the same period last year.
The Angolan Central Bank (BNA) has updated the minimum share capital for banking financial institutions, setting it at AOA 25 billion (b) for commercial banks and AOA 50 b for development banks.
In November, credit to the private sector in Kwanzas was close to AOA 6.4 trillion (t), registering a year-on-year increase of approximately 23.1% in nominal terms.
An agreement was signed between the International Development Finance Corporation and the Lobito Atlantic Railway (a consortium of companies formed by Mota-Engil, Trafigura, and Vecturis) for a total value of USD 553 million for the renovation of an Angolan railway line.

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BFA

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