Tagged in: Angola

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How well are Africa’s sovereign wealth funds managed?

Ilate March, news broke that Jose Filomeno dos Santos, son of the former Angolan president, Jose Eduardo dos Santos, and former chairman of Fundo Soberano de Angola (FSDEA), the $5bn Angolan sovereign wealth fund (SWF), had been charged by his country’s prosecutors for fraud over the transfer of $500m from the central bank’s account with Standard Chartered in the UK.…

Angola: Signs of a new trajectory

After years of economic mismanagement a new, if restrained, sense of optimism has gripped Angola as the actions of the country’s fledgling president start to suggest that change may be possible.…

Angola’s coming power struggle

On 23rd August, João Lourenço led the People’s Movement for the Liberation of Angola (MPLA) to victory in Angola’s legislative elections, thereby winning the presidency for himself.…