21 March 2019
The long awaited report about assets whose acquisition was supported by financing and guarantees from the Angolan State is finally completed and, in the words of the country´s president, the level of misappropriation found is “shocking and repugnant”.
19 March 2019
Angola’s President João Lourenço has put reinvigorating the agriculture sector at the heart of his economic strategy. Greater production of a wider range of crops would both reduce the US$3 billion a year that the country spends on food imports and also improve living standards in the rural areas that have missed out on more rapid economic development at the coast.
13 February 2019
In it´s ongoing effort to boost investment and diversify its economy away from oil, Angola has seen a flurry of activity in February concerning the creation of a capital market and the stock exchange, a long-time goal that could become a reality with the privatization of some of the country´s biggest companies.
22 January 2019
Angola’s President João Lourenço has turned his attention to the port sector, both in an effort to assert his authority politically and also to improve the ports themselves. Angola has four main existing and planned ports running north to south: Caio in Cabinda, Luanda and the associated planned port of Barra do Dande, Lobito and Namibe, but Luanda is currently by far the most important.
16 January 2019
The new Angolan government´s effort to boost Angola´s image as a foreign investment destination will be assisted by the new Extended Credit Facility (ECF) between the country and IMF, but for companies and the population some of the policies agreed will mean worrisome price hikes.
03 December 2018
The South Atlantic Cable System (SACS) was completed in September, making it the first fibre submarine cable between Africa and the Americas. Running from Fortaleza in north-eastern Brazil to Sangano in Angola it should encourage the Angolan government to press ahead with the reform of its own telecoms sector, which remains underdeveloped in comparison with most other countries in Sub-Saharan Africa.