Tagged in: Angola

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Uncertain future for dos Santos empire

Isabel dos Santos rose to become Africa’s richest woman under her father’s rule, but the current Angolan government’s pursuit of criminal claims against her poses a threat to her assets in the country.

Angola gets $247m reform loan from IMF

The IMF has approved a $247m loan to support Angola’s reform plans after the country stuck to its economic diversification programme and slimmed its deficit, “despite challenges,” the multi-lateral lender said.…

Africa’s offshore oil & gas rebounds

Africa’s offshore oil and gas industry has seen tough times in recent years, but the offshore industry is becoming more dynamic again.…

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.…