Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

  • The unemployment rate decreased by 4.1 percentage points (pp) in 3Q 2022, when compared to the same period last year, to 30.0%.

  • The price of oil had a very negative performance last week, with Brent trading around USD 87 on Friday, significantly below the USD 96 level it was trading at the end of the previous week.

  • Sodiam raised USD 28.7 million last week by selling 43 special diamond stones, totaling 1,820 carats. In the previous auction, held in June 2021, revenue had been USD 19.5 million.

  • In the foreign exchange market, the week was marked by a depreciation of the Kwanza against the Dollar (3.40%) and against the Euro (7.45%).



Best regards,
BFA


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