Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Net International Reserves closed the month of December at USD 9.8Bn, up 12% compared to December 2020 (USD 8.8Bn);
From January to December 2021, in the foreign exchange market, the Kwanza appreciated by 17.1% against the Dollar to USD/AOA 555.0 and 26.7% against the Euro to EUR/AOA 629.0;
Over the past year, there has been a decrease in yields in shorter periods, with the yields on Treasury Bonds being stable over the various tenors, in the primary market;
The oil market ended the year on a positive tone compared to 2020; with Brent currently trading near USD 79, a huge increase from the USD 52 seen in the end of the first pandemic year;
The BNA published Notice 11/2021, which updates the forex rules regarding foreign investment in the country.

Best regards,
BFA

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