Angola’s direct investment abroad contracted by 60.5 percent, from US $ 674.2 million in the fourth quarter of 2019 to 266 million in the first quarter of this year, which means that less Angolans invested abroad.
A report by the National Bank of Angola (BNA) shows that these data are motivated, mainly, by the reduction of new investments in the oil sector and by the reduction of the recovery of investments in the oil sector, representing about 98 percent of the value of the gross investment.
With regard to investment outflows, the BNA highlights the reduction in the recovery of investment expenses in the oil sector, valued at US $ 1.8 billion, against the 2.8 billion in the previous period, essentially justified by the fall the price of crude oil on the international market.
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