Angola
Instability: 41/100 · Status: watch
- Angola has joined a coalition for climate action and issued its first green bonds to fund sustainable projects. - Progeco, an Italian engineering services group, secured a five-year contract for Azule Energy's $5.1bn Greater PAJ offshore oil development in Angola. - Angola's inflation rate slowed to 8.43% in September from 18.16% a year earlier. - Zambia has secured financing from the African Development Bank and US Millennium Challenge Corporation for the Lobito Corridor road links, which borders Angola. - Yinson Production priced $1.458bn of senior secured notes backed by the Agogo FPSO in Angola, marking the largest FPSO project bond to date.
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