Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

• The 2021 State Budget will see its first parliament debate on November 17th - the document shows again a budget deficit, around 2.2% of GDP, assuming 1.22 million barrels a day in oil production, and Brent at USD 39;

• According to the Angolan statistics office, the unemployment rate rose again in Q3 2020, to 34%, 1.3 percentage points (pp) above the rate recorded in Q2 2020 and 4.4pp above the same period last year;

• The Angolan diamond trading SOE (Sodiam) announced last week that it will suspend diamond auctions this year;

• French oil company Total intends to sell stakes in some oil fields in Angola.

Best regards,
BFA

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