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's reform challenge: facing low oil prices
Angola’s sovereign wealth fund aims to boost non-oil investment
July 1, 2016As 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 banks will sink or swim over wave of consolidation and regulation
July 1, 2016A 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.
Will IMF bailout bring injection of optimism to Angolan economy?
July 1, 2016Falling 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 begins slow journey towards a non-oil economy
July 1, 2016Angola 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.
