Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Last week, Qatar Petroleum (Qatar's National Oil Company) divulged an agreement with France's Total and Sonangol to acquire a 30% stake in Block 48, located in ultra-deep waters off the Lower Congo Basin;
The Angolan central bank instructed retail banks to carry out an assessment of their clients' services imports, in order to detect suspected cases of illegal capital flight;
Since the start of PRODESI, banks have approved 70 financing projects, totaling around AOA 300Bn (39.6% of the total amount in submitted requests);
The departures of the 1st tourist train of the Moçâmedes railway, scheduled for last Saturday, was canceled due to fears related with the Covid-19 pandemic.

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BFA

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