Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Last month, Angola exported around 1.19 million barrels per day in oil, slightly below the Government's expectation for oil production this year (1.22 mbd);
In international markets, Brent has remained above USD 62, being supported by a relatively optimistic economic outlook for 2021;
In the informal foreign exchange market, the Kwanza has been gaining against the Dollar, and is now trading between USD/AOA 740-760, according to the various sources consulted by BFA;
The WHO approved emergency use listing of the Astra-Zeneca vaccine against Covid-19, paving the way for its distribution through the Covax initiative, from which Angola will benefit.

Best regards,
BFA

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