Tagged in: Angola

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Is Angola really open for business?

President Lourenço has opened up Angola for business in line with an IMF restructuring plan, but implementing reform is not proving easy.…

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.…