Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

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;
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;
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;
Two state bodies in the logistics sector were eliminated last week, the Conselho Nacional de Carregadores and the Office of the Lobito Corridor;
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

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.