Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

•Angolan inflation stood at 2.09% in April compared to the previous month, the highest increase since September 2018;
•At the same time, interest rates are rising in the interbank market, with the Luibor overnight rate standing at 13.47% last Friday, the highest figure since September last year;
•The Insolvency Law was published last week in the Diário da República, which will improve business conditions in the country;
•The Government launched an international tender for the concession of the multipurpose terminal for containers and general cargo in the Port of Lobito;
•Brent price has fluctuated between USD 66-70, with a prospect of a balance between supply and demand in the short term.

Best regards,
BFA

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