Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Annual inflation continued to accelerate, reaching 24.9% in November, highest since October 2017; prices rose 1.99% mom, similarly to previous months;
Regulations for the reference prices of petroleum products were approved, which may lead to price changes as early as the 4th of January if reference prices are published by the 26th of December;
The Executive approved a decrease in excise tax rate for drinks;
According to the BNA Governor, non-performing loans represented 20.2% of total credit in the banking system in September;
5 project proposals for the creation of the future Angolan diamond exchange were received last Thursday;
Last week, AOA 166.3 billion in public debt were issued on the domestic market, with rate rising across all maturities;
The 2021 State Budget was approved last Monday; we expect to share our detailed analysis in a Flash Note to be published soon.

Best regards,
BFA

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