Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.


  • Since mid-March, Luibor rates have been in significant decline – last Friday, the overnight interbank rate was 3.39 percentage points (pp) below values at the end of 2021.

  • In the foreign exchange market, the Kwanza stabilized after several weeks of strong appreciation, gaining value against the Euro (+2.21%) due to the EUR/USD decline movement.

  • The Government revised economic growth projections in 2022 to 2.7% from the 2.4% initially forecast in the 2022 Budget.

  • The National Agency for Oil, Gas and Biofuels (ANPG) has awarded the exploration of two oil blocks to multinational companies Total Energies and Eni.

  • Three financing agreements totaling EUR 172.4 million were approved by the Angolan President last week.

  • IGAPE began last Tuesday the privatization process of 20% of the share capital of Mota Engil Angola.

Best regards,

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