Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly

Highlights:

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.

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BFA

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