Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The unemployment rate rise again in Q3 2021 to 34.1%, 2.5 percentage points (pp) above that recorded in Q2 2021 and 0.1 pp above the same period of the previous year;
The President of Angola decided to extend for another 70 days the Decree that suspends the payment of customs duties on some food products;
In another Presidential order, the President authorized the privatization through an Initial Public Offering (IPO) of the stake that the State indirectly holds in Banco Africano de Investimentos (BAI);
In October, BNA again sold foreign exchange to commercial banks, albeit a small amount, of USD 10.1 million;
In the foreign exchange market, the Kwanza appreciated by 1.6% against the Dollar to USD/AOA 585 and 1.8% against the Euro to EUR/AOA 659.8;
BP has announced the start of oil production in the Platinum deepwater field in Block;
The discovery of a new variant of the Covid-19, named Omicron, is generating some concerns, causing the Brent to drop nearly $10 on Friday, recovering today to close to USD 76.

Best regards,
BFA

If you wish to cancel your subscription, please click here.

Company Headquarters
Rua Amílcar Cabral, 58, Maianga – Luanda
Telephone: 222 638 900 • Fax: 222 638 911
www.bfa.ao

Speak to us

Available 24 hours a day. If you have questions,
suggestions or complaints, talk to us.

Social Networks

This message (including any attachments) is intended only for the use of the individual or entity to which it is addressed and may contain information that is non-public, proprietary, privileged, confidential, and exempt from disclosure under applicable law or may constitute as attorney work product. If you are not the intended recipient, you are hereby notified that any use, dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this communication in error (i) destroy this message if a hard copy or (ii) delete this message and any attachments if this is an electronic communication. This message and any attachments are the exclusive responsibility of the sender, and BFA cannot be held liable for any eventual consequences that may arise from it.