Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The price of a barrel of Brent oil, which serves as a reference for Angolan exports, fell again below USD 80, after reaching a peak on Monday, the 22nd, at around USD 82.7;
International reserves have been quite stable, fluctuating around 13.7 to 14.5 billion, well above the International Monetary Fund reserve adequacy metric;
ACREP is expected to buy 55% of the Cabinda Sul Onshore Block, becoming the third Angolan oil operator;
The Nigerian bank Access Bank acquired 51% of the share capital of Finibanco Angola.

Best regards,
BFA

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