Angola: Latest News

  • Forget Commodities. Art Prices Are Rising: 50 African Artists You Should Be Investing In

    African Artists You Should Be Investing By Dana Sanchez

    Africa’s economy may be reeling from the commodities price bust, but art prices are holding steady or rising. A tapestry made of aluminum scraps by Ghana’s El Anatsui—possibly the best-known living African artist—sold for $1.2 million to a U.S. collector at Bonhams in London. We’ve featured artists from Zimbabwe, Ivory Coast, South Africa, Kenya and Angola that you should know about if you’re interested in investing in African art.

  • 52 Countries Ranked For Marijuana Tolerance. Most Are In Africa

    countries ranked for marijuana tolerance By Dana Sanchez

    African governments have tried to limit and stop its use, but marijuana remains deeply ingrained in African traditions, economies and recreation. It is an important source of income, but is illegal everywhere in Africa. Tolerance and enforcement vary from country to country. There’s a growing belief that with the proper regulations, marijuana should be legalized for the greater good. AFKInsider compiled a list of African countries and ranked them for marijuana tolerance. We’ve also provided a list of most marijuana-friendly countries in the world as a basis for comparison.

  • Opinion: Africa Uprising, World Economic Forum Just Perpetuates Myths

    Africa Uprising, World Economic Forum By Staff, 5:56 pm

    There is widespread social resistance under way in Africa. Grassroots protesters are questioning the logic of export-led “growth” and fiscal austerity. They are demanding that their basic needs be met instead. After the dramatic Arab Spring, protesters picked up the pace in many sub-Saharan countries. Even if it is ignored in Kigali, or repressed on the ground, the popular risings against the WEF’s dubious “Africa Rising” rhetoric await…

  • All The Best Spots Are Taken: De Beers Digs Deep For Huge New Diamond Mine In SA

    De Beers Digs Deep For Huge New Diamond Mine By Dana Sanchez, 9:40 am

    At a time when few other firms are investing in South African mining, De Beers’ $2 billion investment in its Venetia diamond mine has been described as “stupendous.” The company is betting its investment will pay off as diamonds get harder to find in open pits near the Earth’s surface. Global diamond prices have fluctuated wildly the last 8 years. De Beers in 2015 sold two mines in Canada and Botswana.

  • Why African Music Finally Has The World’s Ear

    By Staff, 4:27 am

    Global music sales rose by 3.2% in 2015, and income from streaming now accounts for 43% of digital revenue, according to a new IFPI report. Emerging markets in Africa, in particular, are becoming more profitable. UK-based record company Beggars Group, for example, reports that 20% of its revenue comes from emerging markets. It is now licensing music for the first time in Nigeria, Uganda and Angola.

  • Did A Yellow Fever Outbreak In Angola Deplete Global Vaccine Supply?

    yellow fever By Staff, 9:33 am

    Angola is battling a yellow fever outbreak amid a global shortage of the vaccine. Cases have also been reported in the Democratic Republic of Congo, Kenya, Uganda and China. Health experts worry about further spread. There is no treatment. Mass immunization is the only way to stop yellow fever, but producing more of the vaccine is not easy. The Institut Pasteur de Dakar is one of four places in the world that make the yellow fever vaccine.

  • Moody’s Downgrades Four African Economies on Oil Concerns

    Moody's By Kevin Mwanza, 4:02 am

    Global credit rating agency Moody’s downgraded Africa’s two largest oil producers, Nigeria and Angola, as it cut ratings on four African economies over the impact of lower oil prices on the international market. Moody’s said it was concerned over the impact depressed oil prices have on the liquidity, balance sheet and credit worthiness of Nigeria, Angola, Gabon and the Democratic republic of Congo (DRC).

  • 8 Brands That Sponsor African Soccer On A Regional Level

    Sponsor African Soccer By Peter Pedroncelli, 9:00 am AFKI Original

    Africa loves the beautiful game, and the popularity of soccer has created fertile ground for brands to provide funds in the form of sponsorship deals to be associated with the various competitions taking place around the continent. These brands sponsor African soccer and provide funding to take the game forward. We take a look at 8 big brands that are involved in sponsorship of soccer on the African continent.

  • Banking In Southern Africa: More Mature But Not Fully Developed

    Banking in Southern Africa By Kurt Davis Jr., 8:45 am AFKI Original

    South African commodities will likely feel more pain in the second half of 2016. Some argue that a potential sale of Barclays Africa is influenced by the significant drop in its value relative to the rand and the subsequent effect on the JSE. Customers in Africa, at the end of the day, all want better access to financial services. Banks must be efficient, competitive and reduce cost to retail customers in mature and immature markets. That would benefit the entire continent, not simply Southern Africa.

  • Rethinking Expats: Who Are They And Do African Businesses Even Need Them?

    rethinking expats By Dana Sanchez, 12:04 am

    What makes one an expat? The term embodies a double standard, according to one source. Many African governments have made it difficult for companies to get work permits for expats, hoping instead to fill executive positions locally. One alternative for multinational companies is to recruit Africans returning from the diaspora. This aligns with the push in most African countries for indigenisation – a policy to use local people to fill senior positions rather than going expat.

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