Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Interest rates on the interbank money market continue to fall, with emphasis on Luibor overnight, which since the beginning of the year has fallen by 110 basis points (bp);
The prices of a barrel of oil appreciated more than 6% in an environment of fears of a drop in supply, at a time when Russia is reacting to the sanctions imposed by the West;
The State Budget for 2023 goes to the final vote today in parliament;
Portuguese oil company Galp Energia has announced that it will sell the oil exploration and production operation in Angola to Somoil, for USD 830 million.

Best regards,
BFA

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