Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In the first 5 months of the year, the volume of crude exports remained stable in comparison to the same period last year (-0.5% yoy), at an average volume of 1.38 million barrels per day;
Angola secured a USD 910 million loan to finance BITA's water supply project. The financing syndicate will be led by Standard Chartered Bank, also including BNP Paribas and Crédit Agricole;
Lucapa, the diamond mining firm operating in Angola, managed to raise around USD 3.6 million from selling shares in the Australian stock exchange, an operation which had been announced back in March;
In May, retail banks bought approximately USD 126.5 million in foreign exchange from the Oil and Gas sector.

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BFA

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