Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.


  • In May, annual inflation was 24.42%, down 1.37 percentage points (p.p.) from April – the fourth consecutive month of decline.

  • Oil exports were close to 1.13 million barrels per day (mbd) in May, -3.7% compared to the same period of 2021.

  • Data independently collected by OPEC point to a year-on-year increase of 8.5% in crude oil production in May, averaging 1.18 mbd.

  • The Trade Balance closed Q1 2022 with a surplus of USD 10.2 billion (bn), representing a year-on-year growth of 57.4% (USD +3.7 bn).

  • IGAPE started last week the second phase of the privatization process of 9 stores of the Nosso Super chain.

Best regards,

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