Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The inclusion of 5 more companies in the Privatization Program was approved; these firms had been seized as part of the asset recovery process;
According to Endiama, 2 new diamond mines should start operating in Lunda Norte later this year, at the Luende and Chiumbe townships;
The Kwanza depreciated again last week, around 2.8% against the Dollar, trading at USD/AOA 649.3;
In the oil market, Brent observed a week with no clear direction, trading today around USD 65.;
The Law on the regulation of Movable Collaterals was approved last week, another step in improving credit regulation in Angola.

Best regards,
BFA

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