Sonangol launches tender for Lobito refinery; Fuel subsidies consume $264m in Q1

Welcome to the Angola Economic and Political Risk Briefing, Issue 112

Welcome to the Angola Economic and Political Risk Briefing, Issue 112

brought to you by Zitamar News and Moxico Risk Consulting LLP, with Carlos Rosado de Carvalho and Nick Branson

Hello. Angola is still spending hundreds of millions of dollars on fuel subsidies every quarter, despite IMF pressure to stop. Sonangol’s launch of the tender for the Lobito re…