Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

•The BNA's Monetary Policy Committee kept the BNA Rate unchanged, announcing a custody fee on banks' excess liquidity, in order to encourage the granting of credit;
•According to Bloomberg, the IMF postponed the decision scheduled for last Friday, on the 3rd Review of the Extended Arrangement under the Extended Fund Facility, until at least the second half of August - when the Executive Board of the IMF meets again;
•The Revised State Budget (OGE) for 2020 received final approval last Tuesday, assuming a Brent reference price of USD 33, and an oil production of 1.284 million barrels per day;
•The new Income Tax table will come into force in September, after publication in Diário da República - there are now 13 levels with rates between 10-25%, making the tax more progressive, increasing taxation at the highest levels and increasing the level at which the tax is paid.

Best regards,
BFA

If you wish to cancel your subscription, please click here.

Company Headquarters
Rua Amílcar Cabral, 58, Maianga – Luanda
Telephone: 222 638 900 • Fax: 222 638 911
www.bfa.ao

Speak to us

Available 24 hours a day. If you have questions,
suggestions or complaints, talk to us.

Social Networks

This message (including any attachments) is intended only for the use of the individual or entity to which it is addressed and may contain information that is non-public, proprietary, privileged, confidential, and exempt from disclosure under applicable law or may constitute as attorney work product. If you are not the intended recipient, you are hereby notified that any use, dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this communication in error (i) destroy this message if a hard copy or (ii) delete this message and any attachments if this is an electronic communication. This message and any attachments are the exclusive responsibility of the sender, and BFA cannot be held liable for any eventual consequences that may arise from it.