With President Dos Santos not standing in Angola’s elections for the first time in 37 years, can we expect changes or more of the same?
Even if a deal brokered by Russia and Saudi Arabia to slash global oil output succeeds, there is little prospect of a return to 2014 prices.
Economic growth in sub-Saharan Africa is expected to recover to 2.6% in 2017, up from 1.4% last year, according to the International Monetary Fund.
Commentators are increasingly pessimistic about the Angolan and Mozambican economies.
The Angolan government is failing in its efforts to promote growth in the agricultural sector.
Withholding of revenues is causing international carriers to rein in their ambitions in Africa.
African economic success in 2017 and beyond will demand real structural reform and diversification.
Jay Ireland, ceo of GE Africa, reaffirms the company’s commitment to continue investing in Africa, despite difficult market conditions.
Investors are cautious, but Africa’s plentiful oil and gas resources remain an attractive prospect.
Angola’s capital Luanda has been developing, just like the nation itself, into one of the most intriguing places in Africa.