Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In the 4th quarter of 2021, the Economic Climate Indicator (ECI) rose 17 points compared to the same period in 2020, the 4th consecutive quarter of increase – in Q3 2021, the year-on-year rise was 22 points;
Looking at other indicators of economic activity, the combined amount of cash withdrawals and POS purchases rose 25.5% yoy in February, accelerating from the 9.0% yoy rise in the previous month;
In February, oil exports fell again by around 8.3% year-on-year, at an average value of 1.03 million barrels per day (mbd), after a slight recovery in January;
Oil companies BP and Eni announced last Friday the creation of the oil company Azule Energy to operate in Angola, in an operation valued at more than 10 billion dollars.

Best regards,
BFA

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