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Crucial to the new framework's success will be the ongoing overhaul of state-owned oil company Sonangol, alongside an oil price recovery, as well as politically contentious fuel…
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DOI: 10.1108/OXAN-DB258516
ISSN: 2633-304X
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The announcement is the latest in a string of reforming measures undertaken by Lourenco since assuming power in September; last month he dismissed Isabel dos Santos, daughter of…
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DOI: 10.1108/OXAN-DB227468
ISSN: 2633-304X
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As Angola struggles to cope with its deepest financial crisis since the end of the civil war in 2002, Sonangol profits have fallen dramatically from 2.4 billion dollars in 2009 to…
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DOI: 10.1108/OXAN-DB220168
ISSN: 2633-304X
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The downward revisions come amid a recent debilitating fuel crisis, with state-owned oil company Sonangol unable to distribute fuel. In response, President Joao Lourenco on May 8…
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DOI: 10.1108/OXAN-DB243974
ISSN: 2633-304X
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Fund officials praised the government's efforts to rein in spending in response to low oil prices but said further steps were needed to ensure economic stability and improve…
Sonangol priorities.
Various restrictions are being eased, and parts of the economy gradually reopened, although a sanitary cordon around Luanda remains. Angola has 73 confirmed COVID-19 cases…