BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

• According to the ANPG, total oil production in February was 32 million barrels, around 1.11 million barrels per day (mbd), an increase of 5% compared to the same period last year.

• In March, national year-on-year inflation was 26.1%, an increase of 1.6 percentage points compared to February, continuing the growth trend and reaching April 2022 highs. According to INE data, the monthly increase in prices was 2.5% (a deceleration of 0.04pp compared to February).

• In the forex market, the USD/AOA pair is currently around 832.

Best regards,
BFA

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