Latest articles from Angola

José Filomeno de Sousa dos Santos teaser

Angolan SWF chairman looks to facilitate move away from oil

February 1, 2017

Josė Filomeno dos Santos, chairman of Angola’s sovereign wealth fund, outlines how it is reducing the country’s dependence on oil in favour of infrastructure, agriculture and timber. James King reports.

Angola faces challenges on road to reform

July 1, 2016

Post-conflict Angola is seeking to move away from its dependency on oil revenues and develop its other plentiful resources. However, the route is littered with challenges such as long-standing corruption, burgeoning red tape and social inequality, all of which are likely to hinder the government's progress. James King reports.

Angola National Bank teaser new

Will IMF bailout bring injection of optimism to Angolan economy?

July 1, 2016

Falling oil receipts and a foreign exchange crisis have hit Angola’s economy hard. A recent Eurobond issue, a prospective IMF loan and the restructuring of state oil company Sonangol should help the government fund much-needed infrastructure improvements – but any recovery is likely to be slow and hard won. James King reports.

Angola Luanda new

Angola begins slow journey towards a non-oil economy

July 1, 2016

Angola has come through a long civil war, enjoyed a relatively brief boom period, and is now encountering a long-term slump in oil prices. This has led the government to instigate economic reform and support infrastructure improvements to draw investors to the country’s other abundant resources. James King reports.

Angola banking teaser new

Angola’s banks will sink or swim over wave of consolidation and regulation

July 1, 2016

A dollar liquidity crunch amid regulatory concerns, bad loans and low oil prices have tested Angola’s banks recently. Now central bank moves to tighten rules and a wave of consolidation are shaking up the sector, resulting in survival of only the fittest. James King reports.

Angola’s sovereign wealth fund aims to boost non-oil investment

July 1, 2016

As part of Angola’s diversification efforts, its sovereign wealth fund is working to boost non-oil sectors of the country's economy by investing at home and abroad in diverse assets. James King reports.

Angola's sovereign wealth fund expands its horizons

June 1, 2015

Alternative assets are the name of the game for Angola's sovereign wealth fund, as it steps in where local banks fear to tread.

Can Angola weather the oil price storm

Can Angola weather the oil price storm?

June 1, 2015

Angola’s steady story of economic growth has been badly disrupted by the global collapse in oil prices. Can the 'ultimate petrostate' weather the storm?

Angola is struggling to realise its tourism potential

Holidays on hold: why Angola is struggling to realise its tourism potential

June 1, 2015

Angola has big potential as a visitor destination, and as a sector, tourism could be a driver of non-oil growth and jobs. But high costs and red tape are deterring overseas visitors and the country needs to work harder to deliver on its ambitions.

The spark amid a slump

The spark amid a slump: Will Angola's banks emerge from oil price dip stronger?

June 1, 2015

The Angolan banking sector has been hit hard by the oil price slump, adding to concerns about systemic loan book weakness. However, a tough new asset quality review should improve matters, as should the expansion of the country's capital markets.

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