Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

After 14 months of increases, annual inflation decelerated in January to 24.43%, a decrease of 0.67pp compared to December;
In the foreign exchange market, the Kwanza appreciated slightly against the Dollar last week, trading at an average of USD/AOA 647.9 on Friday;
Sonangol launched a public tender for the completion of the Barra do Dande ocean terminal project, located in the Bengo province;
Tomorrow, final votes will take place in Parliament regarding amendments to the Private Investment Law, the Law on the Scope of Economic Activity, and the Law on the General Regime for the Activity of Financial Institutions;
According to data collected independently by OPEC, Angola produced around 1.17 million barrels per day (mbd) in January, a year-on-year drop of 14.6%.

Best regards,
BFA

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