The United States of America, France, Italy, China and the United Kingdom were the countries that, in the first quarter of this year, stood out in terms of the origin of foreign direct investment in the oil sector in Angola, according to the report by the National Bank of Angola.
Regarding the non-oil sector, the same source says that South Africa and Belarus stand out.
In relation to the balance of direct investment, in the first quarter of this year, it had a deficit of 1,358.3 million US dollars, against a deficit of 1,480.8 million US dollars recorded in the previous quarter, justified by the reduced recovery of investments in the oil sector.
In the report on the Balance of Payments and the Position of National Investment, the BNA says that foreign direct investment flows into Angola were valued at US$1,509.4 million, mostly from the oil sector, with around 99 .6 percent of the total amount. On the output side, it is important to highlight the recovery of investment expenses in the oil sector, which stood at 2,866.2 million US dollars, against 4,294.3 million US dollars in the previous quarter.
investment position
The net position of international investment improved its deficit, from USD 24,478.6 million in the fourth quarter of 2021 to USD 21,069.9 million in the period under analysis, as a result of of the increase in financial assets and reduction of the country’s liabilities vis-à-vis non-residents.
Of the categories that make up the country’s financial assets, most recorded increases, with the exception of reserve assets and portfolio investment, which recorded reductions of around 7.1 percent and 4.9 percent, respectively.
Other investment represented 62.4 percent of total assets, followed by reserve assets with 29.7 percent, direct investment with 4.6 percent and portfolio investment with 3.2 percent. With regard to the composition of the other investment, it is important to note that commercial credits and advances represent 52.6 percent of its total value, followed by coins and deposits with 46.4 percent.
