Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The unemployment rate improved in Q1 2022, down 2.1 percentage points (pp) from Q4 2021 (30.8%, vs. 32.9%).
The additional spending authorized by the President of the Republic beyond that contemplated in the 2022 Budget has already totaled AOA 0.7 Trillion (Tn) – USD 1.7 billion (bn).
In the foreign exchange market, the week was marked by a depreciation of 1.49% of The Kwanza against the Dollar and 3.29% against the Euro, having closed the week at USD/AOA 415.4 and EUR/AOA 438.7.
IGAPE began last week the privatization process of 49% of Secil Lobito's share capital.

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BFA

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