Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Economic Climate Indicator (ICE) maintained positive advances in the second quarter of 2022, having grown 16 points (pts) when compared to the same period from the previous year;
The international reserves ended the month of August at USD 13.8 billion (bn), representing an increase of USD 0.47bn since the beginning of 2022.;
The price of the barrel of Brent oil, which serves as a reference for Angolan exports, ended the week by losing 7.89% to USD 93.02. The West Texas Intermediate (WTI), a benchmark for the US, having yielded 6.65% to USD 86.87;
The volume of bonds traded on BODIVA reached the historic mark of AOA 335.8bn in August, representing the highest monthly volume traded since the opening of the stock exchange market. C;
According to the newspaper Expansão, the recapitalization process of Banco Económico has been concluded.

Best regards,
BFA

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