Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

From January through May this year, Angola exported around 3.37 million carats of diamonds, an increase of 24.1% compared to the same period last year;
The Minister of State for Economic Coordination, Manuel Nunes Júnior still expects economic stagnation this year;
Finance Minister Vera Daves announced during this press conference that in 2021 non-oil tax revenues are expected to be above the budgeted level due to the revenue-raising measures implemented last year;
Last week Sonangol began the process of partially selling its stakes in some oil concessions;
According to the head of IGAPE, Patrício Vilar, the Kero supermarket chain (seized for the State in a criminal case in October 2020) will go through a tender for private management this Monday;
In addition, the sale of 3 Infotur hotels in Huíla, Benguela and Namibe has also started today.

Best regards,
BFA

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