Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The unemployment rate recorded a slight improvement in the 4th quarter of 2021, decreasing by 1.2 percentage points (pp) compared to the Q32021 (32.9%, vs. 34.1%).
The National Bank of Angola defined last Tuesday an obligation to comply with additional capital reserves for 8 banks considered to be of domestic systemic importance.
Last week the tender for the privatization of 7 industrial units in the Luanda-Bengo Special Economic Zone (ZEE) was concluded.
In the foreign exchange market, the week was marked by a 4.20% appreciation of the Kwanza against the Dollar and 4.62% against the Euro, closing the week at USD/AOA 500.7 and EUR/AOA 568.1.
The oil market remains volatile, at the beginning of last week Brent was quoted at USD 96 and closed the week just above USD 93.

Best regards,
BFA

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