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Angola

Angola

Population: 29.78 mn.
GDP: $124.21 bn.
Debt: $37.2 bn.

news from Angola

Category: all

Found 261 articles.

Displaying 31-40 out of 261 results.

Luanda seeks Eurobond lifeline

Plans to raise up to $1.5 billion from a bond issue are being revived in the hope of making up the drastic shortfall in government revenue

The government's top finance officials are set to launch an international roadshow to promote its long-delayed and much-anticipated first Eurobond issue, at US$1.5 billion, Africa ...


Fifteen on file

What lies behind last month’s arrest of 15 young Angolans charged with plotting regime change and threatening public order?


Oil fuels Luanda panic

The crash in the price of crude oil may not have worked through the economy yet but it has already trashed all spending plans

'Angola has seen nothing yet,' is a common comment in Luanda business circles about the impact of the oil price crash on the country. The government is seeking to plug financial ga...


Good banks from bad

The authorities have created a new lender out of the ashes of BESA but mystery surrounds the state’s exposure – and the identity of the new bank's shareholders

The central bank, the Banco Nacional de Angola (BNA) has come to the rescue of the country's second-largest bank, the Banco Espírito Santo Angola. BESA went into administrat...


Changing faces

It looks as if the one-time external security boss, General Fernando Garcia Miala, is being groomed for a key role in the Palace. Sacked in 2006 from the Serviços de Intelig...


Toxic loan fears grow

The reported bail-out of a major bank risks destabilising the financial sector and affecting the country’s sovereign rating

A huge state guarantee to a major local bank is causing concern about corporate governance and has the potential to destabilise the economy. The state has set aside up to US$5.7 bi...


Alarm as oil production falls

Falling output is affecting the economy but it’s unlikely to change the habits of the elite

The policy of 'de-dollarising' the economy has gained unexpected momentum as a dip in oil production reduces the availability of the US dollar. The budget and much-needed infrastru...


Kinshasa challenges Luanda

In a row that could affect the oil industry, Congo-Kinshasa is again raising the temperature over maritime rights which Angola disputes

A long-simmering dispute about rights to the sea has worsened. Last year, Angola submitted a map to the United Nations Commission on the Limits of the Continental Shelf which recog...


Displaying 31-40 out of 261 results.