Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

• In the first quarter of 2023, the Angolan economy grew by 0.3% compared to the same period in 2022;

• In the month of May, oil exports stood at close to 0.99 million barrels per day (mbd), registering a drop of 11.8% compared to the same period of the previous year;

• Diamond revenues in Q2 2023 stood at around USD 23.9 million, representing a year-on-year drop of almost 37.5%;

• The Angolan State entered into two financing agreements with the World Bank for a total amount of USD 700 million.

Best regards,
BFA

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