Africa-Press – Angola. The post-financing assessment of Angola, to assess possible risks associated with the Angolan economy in the face of the international context, carried out this week by the Government’s economic team and the International Monetary Fund (IMF), marked the economic news of the week.
The technical meeting sought, in a preliminary way, to discuss and understand from the Angolan authorities the concerns, priorities, the importance of the National Development Plan (PDN), the diversification of the economy and how to protect it from possible external shocks, such as, for example, a drop in the price of a barrel of oil in the international market.
Also relevant news was the signing of a memorandum of understanding between the Fundo de Garantia e Crédito (FGC) and the Angolan Debt and Stock Exchange (BODIVA), for the issuance of a public guarantee in the amount equivalent in kwanzas to five million dollars.
The memorandum will allow the creation of conditions for companies to obtain financing for their projects via the capital market and proposes to contribute to the development and promotion of financial solutions, aligned with the specific needs of Small and Medium-sized Companies.
Another highlight was the announcement of the implementation of the second phase of the Informal Economy Reconversion Program (PREI) for the period 2023-2027, in Angola, scheduled for within a month and a half, with a view to reaching more operators for the formal circuit .
The 9th edition of the Café – CIPRA debate forum was also highlighted this week, in which AIPEX revealed the capture of USD 11 billion in private investment for the country, through the 581 investment projects submitted to the institution, which resulted in the creation of 12,000 jobs since 2018.
At the same event, the Minister of Economy and Planning, Mário Caetano João said that the Program to Support Production, Diversification of Exports and Substitution of Imports (Prodesi) has created 75 thousand jobs), since its restructuring in 2019.
Also noteworthy was the positive note obtained by the Angolan banking financial sector, in terms of technical compliance, from the Group to Combat Money Laundering in Southern and East African Countries (ESAAMLG), an institution of the FATF – International Financial Action Group .
The revelation that the Angolan Treasury directly receives 10% of the money from the Privatization Program (PROPRIV) is another relevant news fact published on the economy channel during the week.
The value transferred to the Single Treasury Account (CUT), resulting from the privatization of State assets and holdings, is 59.9 billion kwanzas, around 10% of the 568.7 billion allocated so far with the sale of companies and State shareholdings within the scope of PROPRIV.
Another important piece of news published during the week was the intention expressed by the African Development Bank (ADB) to support the implementation of the Grain Production Promotion Program – “PLANAGRAN”, with the provision of financial resources and technical knowledge.
In the last seven days, the economic division of highlighted the announcement, according to which the first maritime oil production in the Kwanza Basin will start in 2026.
The first commercial production of oil in Blocks 20 and 21 of the Kwanza Basin is expected between late 2026 and early 2027, following the principle agreement signed this week between the National Agency of Petroleum, Gas and Biofuels (ANPG), TotalEnergies Angola and Sonangol.
The Agreement signed will make it possible to make this first development project in the Kwanza Basin viable, after the discoveries made 10 years ago by the contractor group Cobalt, which ended up giving up on the development process and passed it on to Sonangol, this time, to TotalEnergies.
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