Sitemap - 2021 - Angola Briefing

Angolan economy sank 3.4% in Q1; Further arrests made in anti-corruption drive at Casa de Segurança

Sonangol launches tender for Lobito refinery; Fuel subsidies consume $264m in Q1

OPEC+ deadlock signals production quota risks; Civil war veterans threaten street protests on 17-18 July

Central Bank raises interest rate to highest level in ten years under IMF pressure; New Bloco Democrático leader signals split with CASA-CE

MPLA fund takes 33% stake as mobile operator Movicel is nationalised; Isabel dos Santos loses Galp court case in Holland

IMF board approves $650bn SDR issuance; Unita leader wants meeting with former president dos Santos

Generous tax breaks for Cabinda refinery; Street protests planned for Luanda tomorrow

Angola to introduce single income tax; Rafael Marques accuses MPLA of sabotaging anti-corruption drive

IMF hopes to finalise SDR recycling mechanism for middle income nations by year end; Lunda Norte leader is "illegally detained"

Petroleum minister cuts oil production forecast by 27,000 barrels per day; CASA-CE leader rejects alliance with UNITA

Finance minister prefers second IMF programme to Eurobond issuance this year; Government to raise wages on eve of elections

IMF to release $765 million to Angola tomorrow; Whistleblower links Manuel Vicente to $35 million Sonangol bribery scheme

Debt moratorium saved Angola from default, argues Mo Ibrahim Foundation; Economists warn of continued political interference in national statistics

Oil exports heading for lowest level since 2008; 'Suitcases of cash' originated from commercial bank

Lourenço's anti-corruption drive claims new victims in Angola's armed forces; Government considers PPPs to support infrastructure projects

Government wins important contract cancellation case in New York court; Angolan oil exploration threatened by the IEA's net zero roadmap

Angola has little to show from Paris summit on finance for Africa; BP and Eni consider merging Angolan interests in new joint venture

Angola tenders Lobito Port concession, cancels Angola Telecom privatisation; BD leadership race highlights divisions over Unita coalition

Cabinda separatists accuse FAA of assassination attempt in Republic of Congo; Angola will not pass FATF assessment, says specialist

Angola bans entry for non-residents arriving from Brazil or India; Sonangol looks to revitalise production from shallow-water oil fields

Angola's main opposition parties finally form electoral coalition against MPLA; Angolan companies want more oil services added to local content list

April's kwanza depreciation almost erases first quarter gains; Potential for EU travel reduced by Angola’s phase two covid vaccination campaign approach

Authorities strengthen covid restrictions as Angola faces second wave; Sovereign wealth fund's investment strategy backfires

Portuguese authorities hand Angolan Attorney General list of wealthy Angolans' assets in Portugal; Galp suffers 20% year-on-year decline in Angolan oil production

Angolan authorities suspend three TV channels due to "irregularities"; Gemcorp wins new tax breaks for Cabinda refinery

Stats office confirms worst recession since independence; Sonangol plans to sell interests in prolific offshore blocks

Former MPLA deputy sentenced to 14 years and six months for corruption; Out of control inflation threatens growth and social stability

Kwanza appreciated 4% in Q1, its best quarter since 2010; Lourenço gives further indications of compromise to internal MPLA opponents

Eni plans to fast-track new Angola oil discovery; MPLA appointment indicates softening anti-corruption stance

US Treasury backing for SDR issue heralds August liquidity boost; Pressure grows for negotiated solution to Cabinda insurgency

Isabel dos Santos presents secret recordings to a London court; Central bank could raise inflation target

IMF SDR allocation won't result in credit rating upgrades for Angola; Energy transition threatens to increase political strife

G7 endorses new IMF Special Drawing Rights; Protests in solidarity with Unita leader scheduled for 3 April

BNA proposes depositor bail-in to save Banco Económico; Lourenço Dubai trip raises suspicions of negotiations with Dos Santos family

African Development Bank forecasts 3.1% growth this year; Inflation hits a 29-month high

Angola could restructure debts under G20 Framework; Luanda real estate slump looks set to last

Sonangol hopes to raise $8bn from stock market listing; New covid-19 variants already circulating in Angola

Economy shrank 5.1% in 2020, worst year since independence; Opposition accuses Lourenço of delaying municipal elections with proposed constitutional changes

Hedge fund bets on Angola credit rating upgrade, though Fitch forecasts declining oil output; Cabinda activists allege torture after eight months' detention

China, US and Europe eye Benguela railway; Standard Chartered highlights debt sustainability risks

Finance minister fails to explain partial debt relief from China; President Lourenço authorises independent sovereign wealth fund audit

Rising oil prices point to budget surplus; Lourenço orders reshuffle at finance ministry and Sonangol

Inflation is on the decline for the first time in 14 months; Angola vulnerable to sharp decline in oil revenues under low carbon future

Sonangol's "risky bet" on energy transition; Retired soldiers plan street protests over unpaid pensions

Angola seeks to postpone graduating to middle-income country; President Lourenço has a "latent revolution" on his hands

New IMF Special Drawing Rights issuance edges closer; Total tipped to take FID on Kwanza Basin fields this year

Standard Bank expects Angola to remain in recession; At least seven killed in Lunda Norte protest

Paris court upholds Sonangol victory over IdS; China and private creditors in crosshairs as Chad requests debt restructuring

Angola’s debt reprofiling deal with two Chinese banks eclipses DSSI relief; Forward exchange rate points to further devaluation in 2021

IMF report reveals surge in public debt and partial debt reprofiling; Budget deficit could turn into surplus in 2021

Chinese national oil company offered equity in Angolan oil blocks in exchange for debt relief; Economy contracts for the fifth quarter in a row

Inflation ends 2020 at a four year high; José Eduardo dos Santos prepares to meet Lourenço in Luanda

IMF completes fourth review, disbursing $487.5m; Finance minister upbeat on Chinese debt relief

IMF to release $463 million to Angola on Monday; More street protests scheduled this month

Vicente visits Lourenço to denounce dos Santos corruption; New covid strain forces SA border to close