Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.


  • 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,

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