AGP Executive Report
Last update: 30 minutes agoFuel Subsidies: Angola’s 2026 fuel-subsidy bill could reach 3.8 trillion kwanzas ($4.16 billion), nearly double the budget forecast, as higher oil prices add pressure to public finances. Officials say subsidy cuts will continue gradually to limit hardship. Government and Economy: In his State of the Nation address, President João Lourenço cited lower inflation, rising non-oil exports and stronger growth, while calling for more investment, jobs and domestic production ahead of the 2027 election. Defence: Spain’s Navantia will modernise two Angolan Navy patrol vessels, train officers and provide two years of support and knowledge transfer. Regional Security: Angola has joined a five-country effort to combat drug trafficking and organised crime, with plans to expand intelligence sharing and cross-border operations. Sport: Angola’s futsal team has reached the Africa Cup of Nations semifinals; Petro de Luanda also faces Zimbabwe’s Scottland in the CAF Champions League preliminary round. Diamonds: Angola is part of the consortium seeking to buy De Beers, with Richemont and Signet reportedly in talks to join the bid.
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