Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

• In June, annual inflation was 22.96%, a drop of 1.46 percentage points (p.p) compared to May - the fifth consecutive month of decline in 2022.
• Data independently collected by OPEC point to a 7.2% year-on-year increase in crude oil production in June, averaging 1.18 mbd.
• In Q2 2022, domestic debt in securities was set at AOA 9.50 Trillion (Tn), a decrease of 2.3% compared to the previous quarter.
• A sovereign guarantee for partial coverage of Afreximbank's financing agreement for the implementation of a fertilizer plant was approved by presidential order last week.

Best regards,
BFA

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