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Angola

Angola

Population: 40.7m
GDP: $109.86bn
Debt: 63.2% of GDP (2026 forecast)

news from Angola

Category: all

Found 295 articles.

Displaying 24 results from 2008 (out of 295 total).

Anonymous commerce

Suspicion hangs over Norway's oil major Statoil Hydro after an internal audit published last month flagged as suspicious a joint venture with a mystery Angolan company, signed in...


Sweet FA

England’s Football Association (FA) may be interested in the links between Alexandre Gaydamak, the declared owner of Portsmouth Football Club, and arms-dealing companies that have emerged in the...


Stand and deliver

The election has reinforced the MPLA's dominance and emboldened its leaders to promise an economic revolution

body>The crushing victory of the ruling Movimento Popular de Libertação de Angola (MPLA) in the parliamentary elections on 5-6 September opens the way for veteran party leader President...


The Angolagate trial

The saga comes to a head in a delicate moment for Franco-Angolan relations

The Angolagate arms saga comes to a head on 6 October, when 42 prominent French officials and businessmen face trial in Paris in a delicate moment for Franco-Angolan...


Concrete overcoats

Contractors in Luanda are gossiping about who might benefit from the privatisation of Angola’s state-owned cement company, Encime, as the construction business booms.


Elections at last

The MPLA will retain its dominance in the first elections since the end of the civil war but a new generation of politicians will enter parliament

The 5 September elections will help to determine whether Angola attains its potential as one of Africa’s leading powers. Eight million voters will pick 220 members of parliament...


Campaign coffers

The election funds of the ruling Movimento Popular de Libertação de Angola dwarf those of its rivals. Some say the campaign has been so peaceful partly because the...


Muzzling the media

A blot on the generally calm parliamentary election campaign was the six-month ban on Rádio Despertar, the voice of the main opposition party, the União para a Independência...


Jam-packed

Oil-fired growth is uncomfortable, and benefits only a few

The ports, the roads and the telephone networks are jammed full. Angola's economy is speeding ahead. Some experts think a slowdown is coming, but the price of oil...


Radio Silence

A six-month ban on broadcasts by Radio Despertar, the voice of the opposition União Nacional para a Independência Total de Angola, was imposed on 8 July by the...


One party rule

The ruling party looks set to win again at the parliamentary elections which are due to be held in September. Strikingly, nearly one in five Angolans belongs to the governing party, the MPLA. Nevertheless, voters will expect it to explain why the general public has not benefited from the vast wealth that is arriving as Angola takes over from Nigeria as Africa's leading oil producer.

In power since 1992, the Movimento Popular de Libertação de Angola is at least sure of its ability to deliver peaceful polls. Even the main opposition party (the...


Friends old and new

Angola's coming general elections are followed far beyond its borders. While the country was enmeshed in civil war, oil companies and their governments were the only outsiders who...


Stash the cash

Angola's decision to set up its own sovereign wealth fund, as Africa Confidential recently reported (AC Vol 49 No 3), is only part of the picture. Fernando Ulrich,...


First clean up, then list

Sonangol intends to list its shares on the New York Stock Exchange by 2010, according to Chief Executive Manuel Vicente. In February 2006, he mentioned this intention,...


Wealthy sovereigns

The establishment of an Angolan sovereign wealth fund is generating huge interest, not least because its operations and objectives have so far been shrouded in secrecy. We...


Tokyo eyes the sparklers

Japanese trainers are to help develop the skills of Angolan workers in the diamond industry

As long as it lasts, the diamond boom may help Japanese companies. They are well placed to take advantage of the decision by state diamond company Endiama that more than...


Flying higher

Chinese investors are to rescue Tanzania's state-owned airline and rennovate Julius Nyerere International Airport

Talks on a complex three-party investment deal between China and Angola and the ailing Air Tanzania Company are nearing conclusion, officials have confirmed in Dar es Salaam. The aim...


The trains don't run on time

Angola's infrastructure is being given a makeover by Beijing

Relations between Angola and China are steaming ahead, despite the wishful thinking of some Western diplomats. China's Prime Minister Wen Jiabao visited Luanda on 23 June and signed an agreement for...


No oil guarantees

New Chinese investment in Angola has a note of risk attached

Angola and China are to set up a'new model partnership'. This will involve the'sharing of risks' and will'complement existing models', said Gao Jian, Vice-Governor of the China Development Bank (CDB) on...


Coming cleanish on the money

New details are emerging about Angola’s public finances and the management of the mega-credit lines from Angola

Angola's Finance Ministry has strengthened its policy to promote greater transparency in public finances, with the disclosure of new details about Chinese credit lines that support an array of projects...


Displaying 24 results from 2008 (out of 295 total).