The Angolan economy is enjoying a mild recovery this year but significant macroeconomic imbalances remain, says a visiting International Monetary Fund (IMF) team led by Ricardo Velloso. 251 more words
Tags » Angola
Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday in a dramatic move against the family of the former president. 172 more words
The former Sonangol executive committee chairman, Carlos Saturnino, held the post of Secretary of State for Petroleum, after being removed by Isabel dos Santos from the Angolan oil company, accused of mismanagement and serious financial diversion. 337 more words
Angolan oil production reversed the declines and rose sharply in October, equivalent to 69,800 barrels per day, rejoining leading Nigeria at the top of African producers, but “sticking” the agreed limit with OPEC. 316 more words
Angola’s upstream capex nosedived with the oil price, so output could follow suit from 2019, but gas offers a budgetary solution for the export-dependent country if it can offer acceptable terms. 108 more words
Angolan authorities in Huíla Province in the southwest have arrested three Nigerian nationals allegedly for kidnapping a Chinese, local media confirmed.
According to Jornal de Angola, the Nigerians had also robbed the Chinese of $11,700 (Kwanzas 12m) over ransom demand. 137 more words