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Sat, Jul

angola

  • Until 2025, power demand in Angola is expected to grow at a substantial rate, with the overall system load reaching 7,200 MW

    Africa Oil & Power, the African Energy Chamber and the U.S.-Angola Chamber of Commerce united to present, ‘Powering Forward: The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan Economy,” on Thursday; The webinar addressed how Angola can continue to prioritize its development of national transmission and distribution capacities in the long-term, with a view toward increasing electrification, job creation and economic growth; Panelists included Maria da Cruz, President & CEO of the U.S.-Angola Chamber of Commerce; Paul Ghiotto, Deputy Political-Economic Chief/Energy Officer, Political-Economic Section, U.S. Embassy Luanda and Frederico Martins Correia, Energy, Resources & Industrials Partner, Deloitte.

  • Investors are becoming concerned with entrenched state corruption and the persistently weak state of the economy.

    EXX Africa has published a special report on the investment risk outlook on Angola.

  • Excitement and suspicion are swirling around Angola's capital as the nation readies itself for a historic vote Wednesday, in the first election many citizens will have seen without the longtime president on the ballot.

  • He said that the migrants had all left voluntarily, and 231 premises for illegal diamond trading had been closed and 59 weapons seized.

    About 380,000 illegal migrants, mostly from the neighboring Democratic Republic of Congo, have left Angola in less than a month during a massive operation targeting diamond smuggling, a minister said Saturday.

  • Angola’s economic troubles began in 2014 when global crude oil prices dipped and severely hampered the government’s ability to generate revenue.

    Writtten By Miguel Sanz -  João Lourenço has been president of Angola since 26 September 2017. About one year later, he cemented his hold on power by taking over the chairmanship of the ruling Movimento Popular de Libertação de Angola (MPLA). Although he reshuffled the government, for instance by replacing the transport minister, and the vice-president, Manuel Vicente, most other ministerial posts had not changed from the previous administration.

  • Angolan President Jose Eduardo dos Santos said Friday that he will not seek re-election, signaling the end of his nearly four decades in power.

    Dos Santos told a conference of the ruling MPLA party in Luanda that Defense Minister Joao Lourenco will stand as the party's number-one candidate in the next election, scheduled for August.

  • For instance, last April he appointed his own brother, General Sequeira João Lourenço, as deputy head of the President’s Intelligence Bureau, which oversees the armed forces, the national police and the intelligence services. In February, Lourenço’s government sold state-owned planes to the same brother’s air company,

    Written By Rafael Marques de Morais - After the 2017 elections, the hopes ordinary Angolans placed on President João Lourenço were so high that many regarded him as a gift from God. Next September, his predecessor, José Eduardo dos Santos, will finally step down from the leadership of the ruling MPLA, after 39 years. The combined imperial powers of the country’s presidency and of the MPLA will make João Lourenço the absolute ruler of Angola, and it does not bode well for the country.

  • The budget for military is projected to exceed the combined total allocated for health and education

    For a country that has been at peace since the end of civil war 16 years ago and struggling to service its debts as well addressing rampant poverty, it is ironic that Angola is one of the African continent’s biggest spenders on military expenditure.

  • Skepticism about the new president and his policies is growing. Africa Confidentia wrote this month that ‘his honeymoon was coming to an end as public focus shifts to the economy’.

    Written By MIguel Sanz  - When President João Lourenço attended the World Economic Forum (WEF) in the Swiss town of Davos last January, he suggested that the winds of change were blowing in Angola. His message to investors was clear: the economic outlook looks bleak, but Angola’s poor record with corruption, its over-reliance on oil and mismanagement of public funds is over and heis the one to steer the ship around.

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