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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