BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Monetary Policy Committee met on 18 and 19 January and decided to tighten monetary policy, increasing the reserve requirement ratio (RR) by 2 percentage points (pp) to 20%, keeping the other instruments unchanged.
According to data released by Angolan Oil & Gas Agency (ANPG), total national oil production in December was 34 million barrels, about 1.22 million barrels per day (mbd), an increase of around 3.2% compared to the same period in 2022
The net profit of Angola’s State diamond-producing company, Endiama, was USD 28.7 million, this figure represents a decrease of around 75% compared to 2022, when the company posted a profit of USD 104.7 million.

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BFA

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