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 197 articles.

Displaying 1-10 out of 197 results.

  • Vol 56 No 3
  •  6th February 2015

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

  • Vol 56 No 2
  •  23rd January 2015

New crisis, new banker

José de Lima Massano has unexpectedly resigned as Governor of the Banco Nacional de Angola (BNA, the central bank). The appointment of José Pedro de Morais, who was Finance Minister in 2002-2008, in his place has also surprised the financial...

  • Vol 55 No 24
  •  5th December 2014

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

  • Vol 55 No 19
  •  26th September 2014

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 Inteligência Externa and detained in 2007, Miala has been quietly brought ba...

  • Vol 55 No 14
  •  11th July 2014

Toxic loan fears grow

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

  • Vol 55 No 12
  •  13th June 2014

Alarm as oil production falls

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

  • Vol 55 No 11
  •  30th May 2014

Kinshasa challenges Luanda

In a row that could affect the oil industry, Congo-Kinshasa is again raising the temperature over maritime rights which Angola disputes

  • Vol 55 No 9
  •  1st May 2014

Dos Santos turns the page

The lavish reception for President José Eduardo dos Santos at the Elysée Palace on 29 April promoted France's growing investments in Africa's third biggest economy and drew a thick line under the long-running Angolagate arms deal saga that h...

  • Vol 55 No 6
  •  21st March 2014

Statoil on the spot

Norway’s biggest parastatal comes under scrutiny over business partners whose reputation for probity is far from the Scandinavian image

  • Vol 55 No 1
  •  10th January 2014

The MPLA sticks to its course

Secretive and fearful of change, the ruling circle sees no reason to rock the boat with reforms. New major projects are likely to suffer delay

Displaying 1-10 out of 197 results.