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Angola

Angola

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

news from Angola

Category: all

Found 246 articles.

Displaying 1-10 out of 246 results.

Luanda uneasy as poll approaches

Whether or not the rumours about the President’s ill health are true, the signs that his era is ending are already showing

The state of health of President José Eduardo dos Santos has long been one of Angola's best-kept secrets. So it has remained for the three months since he was rushed to a Luanda h...


Bye bye magic money tree

When central bank Governor Valter Filipe da Silva took the platform at a meeting on Angola's financial sector on 5 July, some listened to him describe the government's efforts to r...


The ghost of elections past

Suspecting a plot to rig the presidential election, the opposition has mobilised huge crowds

'We only have God, the people and the law. We want fair elections,' read one of the posters held by protestors from Angola's main opposition party, the União Nacional para a Indepe...


Bank scandals hit MPLA hard

Leaked bank documents reveal the extent of capital flight for which members of the party elite are responsible

The timing could scarcely have been worse. João Lourenço, the ruling Movimento Popular de Libertação de Angola's candidate to succeed President José Eduardo dos Santos, was claimi...


Naval deal under spotlight

Luanda's latest lavish defence contract has eerie echoes of Mozambique's controversial naval procurement

Angola is planning a major expansion of its navy with the help of Privinvest Group, the company which supplied fishing vessels and high-technology military patrol boats to Mozambiq...


Squeezing the banks

The government has decided to mobilise domestic savings and deposits to plug the gap in public finances under the routine-sounding name of the State's Annual Debt Plan. The measure...


The bad loans bite back

With oil revenue no longer able to conceal the cracks, a reckoning is coming for the banks which lent freely to the elite and now face a mountain of bad debt

Two queues can be seen outside any branch of Banco de Poupança e Crédito, Angola's biggest public lender: a long one of hopeful withdrawers of cash, and a short one of depositors. ...


Dos Santos picks his man

A new candidate will lead the MPLA into next year's elections. He is a devoted loyalist to the current President

Amid all the talk of the quiet Defence Minister, João Lourenço, taking over as head of the Movimento Popular de Libertação de Angola, it is often forgotten that President José Ed...


One-party stasis

Dos Santos increases his grip on the MPLA as a few new faces are admitted to the inner sanctum of power and wealth 

The only surprise from the seventh ordinary Congress of the Movimento Popular de Libertação de Angola (MPLA), which ended on 20 August, was the complete absence of surprise. Althou...


Displaying 1-10 out of 246 results.