Dear subscriber [name],
Here is this last week’s Angola Weekly.
Highlights:
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In Q3 2021, the current account posted a USD 2.3 bn surplus, more than four times the value in the same period last year (USD 0.6bn) and the highest since Q3 2018;
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Last Wednesday, Banco Keve announced the completion of the second share capital increase, amounting to AOA 24bn;
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A financing agreement for budget support with the French Development Agency (AFD) in a total amount of EUR 200 million was approved by Presidential Dispatch of nº 3/22 of 6 January;
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Brent continues to trade above USD 80, reflecting the lower severity of the Omicron variant.
Best regards,
BFA
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