BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

US President Joe Biden is in Angola between Monday and Wednesday, the first visit by an American President to the country;
According to the Financial Times, the Russian company Alrosa is expected to sell its 41% stake in Catoca Mining Society (SMC) to Maaden International Investment, a consortium based in Oman;
A financing agreement was approved between Angola and the African Development Bank of approximately USD 163 million to finance the first phase of the program to support the country's economic governance and resilience;
In the third quarter of 2024, the current account recorded a surplus of USD 2.1 Billion (B), an increase of approximately USD 0.6B compared to the previous quarter.

Best regards,
BFA

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