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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 51-60 out of 257 results.

Luanda buys Mayfair trophy

Despite the ruling party’s election win, criticism is growing of its opaque financial management, including property investments in London

Angola has spent £220 million (US$356 mn.) from funds ostensibly intended for long-term investment in the national infrastructure on a ‘trophy’ property in Mayfair, London. Plaza G...


Opposition claims dismissed

Petitions accusing the government of systematic fraud in the presidential elections have been unceremoniously thrown out by the courts

The Constitutional Court has rejected the challenges by opposition parties claiming fraud during the 31 August elections and has endorsed President José Eduardo dos Santos’s first ...


Four more MPLA years

The election victory was no landslide but the lack of foreign criticism gives Dos Santos enough space to organise a succession on his own terms

The Movimento Popular de Libertação de Angola won the general elections with 72% of the vote after spending more than US$75 million on its campaign. The opposition, which took arou...


Forex windfall test for banks

Oil companies will soon have to process all their supplier payments through the local financial system but will the system be able to cope?

Eight years after it was first proposed, the government is bringing in a law that will force oil companies to pay their suppliers through banks inside Angola. The Law on Foreign Ex...


The MPLA plans a landslide

Amid private jitters at the top, the ruling party is pulling out all the stops to ensure an overwhelming election win

The Movimento Popular de Libertação de Angola (MPLA) is pouring millions into a lavish campaign to ensure overwhelming victory in the general elections on 31 August. The team beh...


The other contestants

After 2008’s electoral drubbing, the União Nacional para a Independência Total de Angola (UNITA) is now far better organised, winning respect for its sustained pressure on the el...


Secrets are not forever

The Gaydamak case exposed details of profit-taking in the diamond business that the government might have preferred to remain unseen

Russian-Israeli billionaire Arkady Gaydamak failed to convince the London High Court he had a case against diamond-dealer Lev Leviev in mid-June. Ever since, analysts have been por...


Luanda’s crude power

For foreign oil companies, getting hitched to local partners is increasingly causing trouble at home

Angola’s habit of compelling foreign oil companies to work with secretive local companies that belong to top government officials is attracting increasing criticism – and complianc...


Displaying 51-60 out of 257 results.