Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Industrial production fell 3.9% yoy in Q1 2021, according to INE data;
The numbers confirm the expectation that the 1st quarter should present a very significant drop in oil GDP, possibly above 15%;
Sodiam raised USD 56.5 million in the 3rd special diamond auction, the highest amount to date;
Sonangol has contracted Vitol and Totsa to import gasoline and diesel, respectively, over the next 12 months;
The beverage company Refriango closed an agreement to make use of Sodiba's factory, in Bom Jesus;
Brent continues to record highs of the last 2.5 years, and is currently trading above USD 76, ahead of the OPEC+ meeting this Thursday.

Best regards,
BFA

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