Dear subscriber [name],
Here is this last week’s Angola Weekly.
Highlights:
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The Angolan Oil & Gas agency (ANPG) scheduled the tender of nine oil blocks for June, three in the Lower Congo basin and six in Kwanza basin;
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From January through October 2020, Angola exported 5.4 million carats in diamonds, a drop of 23.9% over the same period; the average price fell 3.7% yoy to USD 137.0;
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This year, 661 projects were approved through the Government's diversification program (PRODESI), valued at AOA 727 Bn, of which AOA 479.5 Bn were made available through loans, close to 10% of total banking sector credit stock and 1.5% of total assets;
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Two state bodies in the logistics sector were eliminated last week, the Conselho Nacional de Carregadores and the Office of the Lobito Corridor;
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In the foreign exchange market, the Kwanza has remained relatively stable over the past two weeks, standing at USD/AOA 649.9.
Best regards,
BFA
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