Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Imports of goods listed on PRODESI, the Government's export diversification and imports substitution programme, amounted to USD 690 million in the H1 2021, a year-on-year drop of 23.1%;
Exports of goods under the same program increased 27.6% yoy in the same period, although they continue to represent an amount of only USD 31.7 million;
In Q2 2021, the amounts of cash withdrawals and POS payments recorded a real year-on-year growth of 11.4%, according to EMIS data and BFA calculations;
The Kwanza appreciated 0.4% against the Dollar last week, trading at USD/AOA 639.8 on Friday, according to the BNA;
Crude Oil rebounded in international markets to levels around USD 73-74 in the case of Brent, after falling earlier in the week on fears of an economic downturn due to the impact of the Delta variant.

Best regards,
BFA

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