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Angola

Angola

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

news from Angola

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Found 242 articles.

Displaying 1-10 out of 242 results.

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...


Dos Santos takes stock, shares

As the President plans his succession, he takes a stronger hold of the economy while promoting his daughter to giddy heights

The centre of Angolan politics shifted to Spain this month as President José Eduardo dos Santos arrived for his twice-a-year retreat on 2 July. It is in Barcelona that he takes st...


Luanda rewards its own

Many of the contracts from the latest onshore bidding round have gone to secretive companies linked to top party and presidency officials

The ten oil exploration blocks which were tendered in Angola's first-ever onshore bidding round were never, in today's weak price environment, going to attract major interest, espe...


Isábel'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 ...


Displaying 1-10 out of 242 results.