Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Last Thursday, the Council of Ministers approved the reduction of the Value Added Tax (VAT) from 14% to 7% from the beginning of 2022;
At this session, the Council of Ministers approved the General State Budget for 2022, which foresees revenues and expenses set at AOA 18.78 trillion (27% above the previous OGE);
According to the finance minister, Vera Daves, the Executive foresees an economic growth of 2.4% in 2022;
Last Thursday, the Instituto Gestão de Ativos e Participações do Estado (IGAPE) started the public tender for the privatization of the Nosso Super supermarket chain;
Net International Reserves registered an increase of USD 40 million in October - to USD 9.6 billion.

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BFA

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