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Population: 22.14 mn.
GDP: 131.40 bn.
Debt: 24 bn.

President José Eduardo dos Santos's government will scramble to cut budgets as receipts from oil sales plummet after the world price crash, putting pressure on social spending and big development projects. The fate of Vice-President Manuel Vicente will signal succession plans ahead of the 2017 elections.

news from Angola

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Found 230 articles.

Displaying 1-10 out of 230 results.

Isabel's auntie

International broadcasting companies fret about how to cover Africa as they lose audiences to nimbler, African-owned stations. The alacrity with which top executives from CNN flew ...

Hunger strike stirs dissent

As the oil price crash weakens the economy, protests against corruption and repression are gathering strength

President José Eduardo dos Santos's government has remained unmoved as the popular rapper and civil rights activist Luaty da Silva Beirão's health deteriorates sharply after almos...


Luanda seeks Eurobond lifeline

Plans to raise up to $1.5 billion from a bond issue are being revived in the hope of making up the drastic shortfall in government revenue

The government's top finance officials are set to launch an international roadshow to promote its long-delayed and much-anticipated first Eurobond issue, at US$1.5 billion, Africa ...

Fifteen on file

What lies behind last month’s arrest of 15 young Angolans charged with plotting regime change and threatening public order?

Oil fuels Luanda panic

The crash in the price of crude oil may not have worked through the economy yet but it has already trashed all spending plans

'Angola has seen nothing yet,' is a common comment in Luanda business circles about the impact of the oil price crash on the country. The government is seeking to plug financial ga...

Good banks from bad

The authorities have created a new lender out of the ashes of BESA but mystery surrounds the state’s exposure – and the identity of the new bank's shareholders

The central bank, the Banco Nacional de Angola (BNA) has come to the rescue of the country's second-largest bank, the Banco Espírito Santo Angola. BESA went into administrat...

Changing faces

It looks as if the one-time external security boss, General Fernando Garcia Miala, is being groomed for a key role in the Palace. Sacked in 2006 from the Serviços de Intelig...

Toxic loan fears grow

The reported bail-out of a major bank risks destabilising the financial sector and affecting the country’s sovereign rating

A huge state guarantee to a major local bank is causing concern about corporate governance and has the potential to destabilise the economy. The state has set aside up to US$5.7 bi...

Alarm as oil production falls

Falling output is affecting the economy but it’s unlikely to change the habits of the elite

The policy of 'de-dollarising' the economy has gained unexpected momentum as a dip in oil production reduces the availability of the US dollar. The budget and much-needed infrastru...

Displaying 1-10 out of 230 results.