Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Last week, Sonangol announced the launch of its first corporate bond issue, which will take place between 28th of August and the 12th of September.
Angola agreed a loan amounting to EUR 99 million with Deutsche Bank, money that will be allocated to electrification in Samba Lucala and neighboring areas.
The Ministry of Economy and Planning (MEP) has lowered its expectations for Gross Domestic Product growth for the 2023 financial year to 1.1% against the 3.6% forecast at the beginning of the year.
According to OPEC data, oil production in July stood at 1.17 million barrels day (mbd), showing growth of 9.7% compared to the same month of 2022.

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BFA

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