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Population: 36.68m
GDP: $67.4bn
Debt: 52.5% of GDP (2023 forecast)

news from Angola

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Found 279 articles.

Displaying 111-120 out of 279 results.

Shine on you crazy diamond

The diamond mines have been closely guarded by the Angolan elite and a Chinese company is set to make its first investment in Angola’s precious stones

The ownership and control of the multi-billion-dollar China Sonangol joint venture continue to baffle business people in Luanda. Ask officials from Beijing about China Sonangol and...

China Sonangol still hungry

China Sonangol and its subsidiaries continue to make Angolan acquisitions. In February, China Sonangol won three deep-water pre-salt oil (equity) concessions in Blocks 19, 20 and 3...

Manuel Vicente

Chairman and CEO, Sociedade Nacional de Combustíveis de Angola

Angola is the largest African supplier – and the second-largest worldwide – of crude to China. To mark the importance of this relationship, on 15 April, Vicente received an honour ...

Closing the laundries

Angola is considering retaliating against United States' companies and the US Embassy in Luanda over the Bank of America's closure of its Washington Embassy accounts, we hear. It...

Daylight on Dos Santos

The new constitution offers the President another twelve years in power but breaking with tradition, he is now actively campaigning for election

For the first time in his 31 years in power, Angola’s President, José Eduardo dos Santos, gave a State of the Nation address to the National Assembly in Luanda on 15 October. His d...

Boom-bust all over again

China is offering another mega-loan and oil prices are rising again but Luanda’s short-term finances are fraught

Market reports that negotiations have stalled between the government and Goldman Sachs over a complex, US$250 million, dual currency (United States dollar and Angolan kwanza) loan ...

The IMF makes up with Luanda

Prior to the global financial crisis in 2008, many were questioning the International Monetary Fund’s relevance, especially in African countries which were increasingly turning to ...

Sonangol gulps

Sonangol, Angola’s state-owned oil company, could take a controlling stake in Portugal’s Galp oil company as part of its ambitious overseas acquisition strategy. In late February, ...

Displaying 111-120 out of 279 results.