Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Annual national inflation rose to 24.85% in February following a slight decline in January;
According to data from MinFin, oil export revenues in February stood at USD 1.93 billion (Bn), the highest figure since March 2020;
In the foreign exchange market, the Kwanza observed a relatively stable behaviour against international currencies, losing only 0.26% against the Dollar;
The Board of Directors of Sonangol announced that, in 2020, the company achieved a net profit of USD 1.97 MM.

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BFA

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