New measures have been put in place to ensure Angola's local economy benefits from moves allowing international oil companies to develop the country's newly licensed deep-water reserves.
Africa
Latest articles from Angola
Angola's booming economy bodes well for Eurobond
June 1, 2011It has been a long time coming, but bankers are hoping Angola will be finally be able to issue sovereign bonds and raise at least $500m on the Eurobond market, thanks to the country's recent strong economic performance.
Angolan business offers a lifeline for Portugal's banks
May 4, 2011Portuguese banks have found that investment in its former colony Angola has provided growth at a time when its own domestic market is facing recession.
Reform key to future growth
October 5, 2009The recent collapse in the price of oil accentuated the critical need for Angola to diversify its oil-dependent economy. Despite the fall in growth, however, the country has weathered the storm and must now focus on public sector reform. Writer Charlie Corbett
Africa’s new leaders: The next generation
January 5, 2009Good news from Africa is often drowned out by a tide of negative reporting. The Banker aims to combat this by profiling the achievements of leading young Africans. Writer Charlie Corbett.
A disciplined fight against inflation
August 4, 2008Angola’s central bank was faced with economic chaos at the end of the civil war in 2002. Inflation was rampant and the local kwanza currency was crippled. Charlie Corbett spoke to the bank’s governor in Luanda about rebuilding a shattered economy.
Banks play catch-up as Angola blossoms
August 4, 2008Strong growth and an influx of foreign players mean Angola’s fledgling banking sector is facing many new challenges. Charlie Corbett canvassed the chief executives of some of Angola’s biggest banks to get a taste of how the sector is developing.
A nation awakes
August 4, 2008Angola has suffered death, displacement, conflict, poverty and hyper-inflation since gaining independence in 1975. But its brutal 27-year civil war ended in 2002 and a booming oil sector is helping the country transform itself. Charlie Corbett reports from Luanda.
Angola's communications minister explains how the sector is emerging
August 4, 2008Minister of post and telecommunications Licínio Tavares Ribeiro tells Charlie Corbett how he is sorting out the communications mess left by Angola’s civil war.
Land of hope and caution
August 4, 2008Thoko Kaime, head of the Africa division of strategic intelligence company Exclusive Analysis, evaluates the opportunities and risks of investment in Angola.