THE ANGOLA REPORT - DECEMBER 07, 2021
WORLD BANK AFRICA REGION MACROECONOMIC WEEKLY REPORT
The Office of the Chief Economist of the African Region, Albert G. Zeufack, provides a macroeconomic and financial weekly monitoring report. The monitor is comprised of four sections: 

  • "Covidonomics" Weekly Update
  • Economic and Financial News Update
  • Global Economic and Financial News of Relevance to Africa
  • High-Frequency Macro and Financial Indicators, Covid and mobility data. Information is organized in three areas: Region-wide, West & Central, and East & Southern.

Two new features:
  1. Graphs that plot the evolution of parallel and official exchange rates for selected countries.  
  2. A map of weekly changes in the number of Covid-19 cases.

The latest issue, published on December 2, 2021, can be found by clicking the button below.
Angolan Doctors Strike Over Working Conditions, Allowances

THE EAST AFRICAN

Doctors in Angola went on a five-day strike beginning Monday to demand better working conditions, and allowances among other demands from the government...

AU Wants Member States To Urgently Lift Travel Bans Imposed On South Africa

BUSINESS INSIDER

The African Union (AU) has called on member states to urgently rescind travel bans imposed on South Africa following the detection of the Omicron coronavirus variant. Researchers and scientists from South...

Biden’s Summit For Democracy: What Africa Needs To Bring To The Table

THE CONVERSATION

Seventeen African countries have been invited by US president Joe Biden to join nearly 100 other invitees for a virtual “Summit for Democracy” due to take place this week. A second summit, in person, is planned for ...

Falcon ROV Supports Decommissioning Offshore Angola

OFFSHORE

Dubai-based Environment Quality Services (EQS) has deployed a Saab Seaeye Falcon ROV to support a platform decommissioning program offshore Angola. EQS assesses the integrity of offshore structures...

10 Hurdles To Africa’s COVID-19 Recovery: Mo Ibrahim Foundation Report

DEVEX

Efforts to recover from the COVID-19 pandemic across the African continent, have been met by formidable hurdles. The Mo Ibrahim Foundation report, released Monday, examines these challenges through the lens...

IMF Advises Sub-Saharan Africa To Fight Food Insecurity, Avoid Trade Barriers

THE CABLE

The International Monetary Fund (IMF) has advised sub-Saharan Africa countries to fight food insecurity, avoid trade barriers and improve access to finance. IMF said this in a new blog post released on Monday...

Featured Article
Eni Reaches Investment Decision On 50MW Solar Project In Angola

POWER ENGINEERING INTERNATIONAL

Solenova, a joint venture between Italian energy company Eni and Angolan oil company Sonangol, has reached a Final Investment Decision (FID) and signed a contract for the development of the Caraculo...

Upcoming Events
U.S. - Africa Energy Forum:
Horizons for U.S. Africa Energy Investment
December 9 - 10, 2021
Houston, TX
Present and Virtual
The energy industry landscape has transformed, and as Africa and the United States get their respective energy sector recoveries underway, now is the time to take a new approach to Africa’s most important commercial partnership in oil, gas and power. As the Biden Administration resets and places new focus on the U.S.-Africa relationship, Energy Capital & Power (ECP), in partnership with the African Energy Chamber’s (AEC) U.S.-Africa Committee will introduce American companies to African opportunities, promote greater investment into selected African nations, and advance an agenda of sustainable, long term investment in African energy and other sectors by U.S. organizations.

The U.S.-Africa Energy Forum is supported by champions of Africa in Washington, D.C. and Houston, and celebrates America’s vital role in Africa’s future prosperity. As partners, the United States and Africa are leaders in defining and shaping the global energy transition.

Key themes will include the energy transition and Africa as a clean energy hub, energy storage and strategic minerals, Africa’s place in global energy supply chains, gas as vital fuel for the energy transition and development, the ongoing role of petroleum resources, and repositioning the U.S. as the primary partner of choice for African energy developers.