Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In Q1 2022, there was a year-on-year growth of 1.0% in oil exports, with an average value of 1.15 million barrels per day (mbd).
Data independently collected by OPEC point to a year-on-year increase of 1.5% in crude oil production in Q1 2022, an average of 1.16 mbd.
From January to March 2022, Angola exported a total of 1.84 million carats of diamonds, a drop of 19.7% compared to the same period last year;
In March, the national year-on-year inflation was 27.0%, a slight reduction of 0.3 percentage points (p.p) compared to February, representing the second month of decline since March 2021.
In the foreign exchange market, the week was marked by an appreciation of 4.12% of the Kwanza against the Dollar and of 5.29% against the Euro, having closed the week at USD/AOA 421.38 and EUR/AOA 454.35.

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BFA

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