UPDATE 1-Angola foreign reserves rise on oil price, exports

LUANDA, Oct 21 (Reuters) - Angola's foreign exchange reserves rose for a third consecutive month in September to $12.8 billion from $12.6 billion in August on higher oil prices and exports, a central bank document showed on Wednesday. Angola, which rivals Nigeria as Africa's biggest oil producer, is recovering from a sharp drop in oil revenue this year that prompted the government to cut back on public spending, devalue the... [read full story]                    

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