Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

From January to April 2020, the government collected around AOA 816.6 billion (Bn) in non-oil tax revenues, an increase of 43.7% over the same period in 2019;
According to BNA data, Net International Reserves (NIR) stood at USD 10.9Bn, dropping only USD 20 million compared to March;
The State SOE agency (IGAPE) announced the opening of a public tender for the privatization of holdings held by the Angolan Government in the EKA (4%), Cuca (1%) and ECN (1%) breweries;
The Angolan Oil & Gas agency (ANPG) released relevant data on the 9 oil exploration blocks to be auctioned this year, in the Bacins of the Lower Congo and Kwanza

Best regards,
BFA

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