Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.


  •  In the first quarter of 2022, the Economic Climate Indicator (ICE) again increased, rising 15 points compared to the same period in 2021, the 5th consecutive quarter of increase.

  • Last week, ANPG and TotalEnergies and its Block 17 partners (Equinor, Exxon Mobil, BP and Sonangol P&P) agreed to launch the CLOV Phase 3 development in an investment valued at USD 850 million.

  • ANPG expects more significant investment in the oil sector for the next five years.

  • IGAPE has completed the privatization process of the Nosso Super store network.

  • In the foreign exchange market, the week again recorded a depreciation of 2.21% of The Kwanza against the Dollar and 0.11% against the Euro, having closed the week at USD/AOA 435.8 and EUR/AOA 458.5.



Best regards,

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