Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

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,
BFA

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