Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In the foreign exchange market, the Kwanza appreciated significantly last week: 3.5% against the Dollar, with the average exchange rate trading at USD/AOA 624.9 on Friday.;
According to a statement by the Minister of Transport, Ricardo D'Abreu, the Executive approved, last Monday, the restructuring and recapitalization of TAAG, valued at USD 700 million;
The World Bank (WB) and the French Development Agency (AFD) will lend USD 417 million for a project to support the development of the electricity sector;
According to the chairman of the Board of Directors of IGAPE, Patrício Vilar, 33 state assets were privatized from 2019 to 2020, which generated an amount of around AOA 355 Billion (Bn);

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BFA

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