Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Last week, OPEC+ decided to cut oil production by two million barrels a day, starting next November;
International Reserves closed the month of September at USD 13.6 billion (Bn), representing a growth of 3.1% (+USD 405 million) compared to the value at the end of 2021;
The Government of Angola has signed two financing agreements with the World Bank - (USD 360 million) and the French Development Agency - AFD (EUR 150M);
Portuguese bank Montepio has agreed to sell its stake in Finibanco Angola to Access Bank, the largest Nigerian banking institution in terms of assets and customers;

Best regards,
BFA

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