BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Government of Angola will begin a new privatization process of the country's largest insurance company, ENSA – Seguros de Angola, S.A;
Oil prices ended March on a high with the prospect of OPEC+ staying the course on production cuts, while continued attacks on Russia's energy infrastructure and a drop in the number of platforms in the United States also pose risks of market supply;
Negotiations on the BODIVA markets rose to AOA 1.17 trillion (T) in Q1 2024, which represents a growth of 416% compared to the same quarter of the previous year. Bilateral trading volume, which represents more than 80% of the entire market, rose more than 600% yoy and ended Q1 2024 at AOA 1.0 T;
International reserves ended the month of March valued at USD 14.3Bn, USD 69 million less compared to the previous month.

Best regards,
BFA

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