Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Government has revised the borrowing limits for this year, now expecting to incur AOA 3.73 trillion (Tn) of domestic debt (2.18Tn before) and AOA 2.42Tn of external debt (3.99Tn before) - in total, indebtedness will be slightly lower than expected (AOA 6.15Tn versus 6.17Tn before).
The economy is expected to grow 2.4% in 2022, according to the Government.
Sonangol announced that it has received 35 proposals from 19 companies (5 consortia and 7 individual) for the partial sale of stakes in 7 oil blocks.
A regulation for reviewing the prices of public contracts was approved by the Council of Ministers.
The multinational Rio Tinto agreed to enter into a consortium with Endiama for the exploration of diamonds in Chiri, in Lunda Norte.

Best regards,
BFA

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