Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Economic Climate Indicator improved 16 points in the last 3 months of 2020, but still remains in negative territory - it had scored at -24 points in Q3 2020;
According to INE, the trade balance of goods showed a larger surplues in Q4 2020, at AOA 2.08 trillion (Tn), about USD 3.2 billion (Bn);
INE informed that the first Agribusiness and Fisheries Census will begin tomorrow, likely lasting until 2022, in a project financed by the World Bank;
Last week, the 2nd instalment of a budget support loan to Angola was approved by the World Bank, to the tune of USD 700 million;
The Quantem Consortium, made up of three American companies and one Angolan firm, won the international tender for the construction of the Soyo Refinery;
According to Jornal Expansão, the 10 largest depositors of Banco Económico are expected to become shareholders of the bank in exchange for 35% of deposits.

Best regards,
BFA

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