Vol 4 (AAC) No 7 | ANGOLAASIA Shine on you crazy diamond 13th May 2011 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...
Vol 4 (AAC) No 7 | ANGOLACHINA China Sonangol still hungry 13th May 2011 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...
Vol 4 (AAC) No 7 | ANGOLA Manuel Vicente 13th May 2011 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 ...
Vol 51 No 24 | ANGOLAUNITED STATES Closing the laundries 3rd December 2010 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...
Vol 51 No 22 | ANGOLA Daylight on Dos Santos 5th November 2010 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...
Vol 51 No 22 | ANGOLACONGO-KINSHASA At stake: oil, migrants and gemstones 5th November 2010 Behind the obligatory shows of unity between the governments of Angola and Congo-Kinshasa lurk serious disagreements over the frontiers dividing the oil fields straddling the two c...
Vol 51 No 10 | ANGOLA Boom-bust all over again 14th May 2010 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 ...
Vol 51 No 10 | ANGOLA The IMF makes up with Luanda 14th May 2010 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 ...
Vol 51 No 6 | ANGOLA Sonangol gulps 19th March 2010 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, ...
Vol 51 No 4 | ANGOLA Dos Santos prepares for power, again 19th February 2010 After three decades in power, the President chooses his next team Intending to run for another term in office in 2012, President José Eduardo dos Santos has moved close allies into key ministries. He faces a vote not by electors but by Parliament...
