Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The IMF improved its growth forecast for the Angolan economy in 2022 to 3.0%, +0.1 percentage points (pp) from the 2.9% previously forecast.
Our own outlook is even more optimistic when it comes to the economy: we expect growth between 5.2-5.7% this year, however a slight slowdown in growth between 3.6-4.1% next year;
Last week, Fitch Solutions revised up its forecast for the growth of Angola's economy in 2022 from 2.7% to 3.8%.
Last Wednesday, De Beers and Endiama signed two new contracts for diamond prospecting in Angola.
Last Friday, BNA bought USD 631.5 million on the Bloomberg FXGO platform at a rate of USD/AOA 400.0.

Best regards,
BFA

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