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Vol 60 No 19

Published 27th September 2019


Lourenço woos New York elite

Under pressure from falling revenues, mounting debt and high expectations, the President pledges radical change

With sweeping promises of a multi-billion-dollar privatisation programme, including the state oil company Sonangol, President João Lourenço attracted top diplomats and business people to the Council on Foreign Relations (CFR) in New York on 23 September. With Lourenço speaking at the UN General Assembly the next day, it was one of the most high-profile attempts to relaunch Angola's economy, one of the five biggest in Africa.

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