Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly


  • The 2024 State Budget has been submitted to Parliament, assuming the price of Brent at USD 65 per barrel, around USD 20 below what is currently traded.

  • In the month of October, the Angolan Stock and Debt Exchange traded around AOA 642.9B (-64.7% compared to September).

  • International reserves ended October at USD 14.2B, a growth of 3.2% compared to the previous month.

  • The price of a barrel of Brent oil, the benchmark for Angolan exports, ended last week trading at USD 84.9, -USD 5.6 compared to the end of the previous week, influenced by concerns that the Israel-Hamas conflict would interrupt the supply in the Middle East.

Best regards,

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