BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.


  • The Angolan Oil & Gas agency revealed the results of the public tender for the operation of blocks in the Lower Congo and Kwanza onshore basins, assigning 4 of the 12 blocks to consortia;

  • Oil prices opened higher in reaction to stronger-than-expected growth in the U.S. economy, while supply fears from the Middle East provided further support;

  • The Ministry of Economy was integrated as Secretary of State within the Ministry of Planning, according to presidential legislative decree 2/24;

  • European Central Bank chief Christine Lagarde continued to signal that it is not yet time to discuss cuts in benchmark interest rates;

  • IGAPE sold only 3 of the 9 Poupa Lá stores put up for tender on November 9, 2023.

Best regards,

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