BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

BFA and Unitel’s privatization processes will go forward through an initial public offering at BODIVA, in both cases for 15% of the companies' share capital, as authorized by a Presidential Decree;
Credit to the private sector in Kwanzas in July stood at close to AOA 4.6 Tillion (T), having in nominal terms recorded a year-on-year increase of around 19.5%, which corresponds to AOA 750 Billion (B);
Credit will also be affected by the recent increase in interest rates in the interbank money market (IMM);
Diamond exports totaled around 5.4 million carats up to July, which represents a year-on-year increase of 16.5%.

Best regards,
BFA

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