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Angola

Angola

Population: 28.81 mn.
GDP: $95.33 bn.
Debt: 35 bn.

news from Angola

Category: all

Found 257 articles.

Displaying 31-40 out of 257 results.

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...


Statoil on the spot

Norway’s biggest parastatal comes under scrutiny over business partners whose reputation for probity is far from the Scandinavian image

The bearer of Norway's reputation for high principles in international business, Statoil, is now on the defensive after revelations in the local media about the shady backgrounds o...


The MPLA sticks to its course

Secretive and fearful of change, the ruling circle sees no reason to rock the boat with reforms. New major projects are likely to suffer delay

Whether or not the speculation about President José Eduardo dos Santos being in poor health turns out to be correct, 2014 could be the year that his successor is named. His ...


Luanda cows Lisbon

Portugal appears to have succumbed to Angolan pressure to drop more investigations of top officials in Luanda. Last week, the Portuguese Central Investigation and Criminal Prosecut...


Luanda shouts back at Lisbon

A government newspaper calls Portugal corrupt and ignorant after it starts an investigation into allies of Dos Santos for financial crimes

Reports of criminal investigations in Portugal into Angolan money-laundering have angered President José Eduardo dos Santos. Relations between the two countries were ‘...


Displaying 31-40 out of 257 results.