Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Producer Price Index (IPP) for the 4th Quarter of 2021 increased by 63.7% year-on-year, in particular due to the increase in energy product prices, with an increase of 62.4%.
The price of Brent remains quite volatile, having closed the week above USD 115.
The Luanda Refinery expects to produce 1,200 metric tons of gasoline per day from the second quarter of this year.
Last Monday, IGAPE opened the public tender for the sale of the Cubal agro-industrial unit.
The Minister of Finance, Vera Daves de Sousa, points to the possibility of Angola issuing public debt soon, without, however, advancing a date.
According to the Minister of State for Economic Coordination, Manuel Nunes Júnior, debt as a percentage of GDP fell from 121% in 2020 to 84% in 2021.

Best regards,
BFA

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