Angola: Latest News

  • Modest Recovery For African Economies Expected After Tough 2016

    modest recovery for African economies By Staff, 7:19 pm

    Countries conventionally seen as resource-poor, like Ethiopia and Rwanda, maintained higher growth in 2016 — as high as 8% in agriculture-heavy Ethiopia, despite the worst drought in decades. Successful African economies focused on expanding and diversifying to attract foreign investment. Some economists predict improvement in African economies in 2017 as commodity prices rise. Others are less optimistic that resource-dependent countries can change tack at this point. Diversification doesn’t happen overnight.

  • Will 2017 Be The Year Of The African Affordable Housing Revolution?

    African affordable housing revolution By Dana Sanchez, 12:50 pm

    Less than 10% of African households qualify for a mortgage for even the cheapest new house. But the low-income housing market has more potential than the high end, where most new home construction lives. African housing industry exhibits in 2016 indicated most stakeholders are targeting lower-middle and low-income housing. Poor performance in the high-end market and enhanced tax incentives are partly responsible. “There is a stagnation in prices in some high-end property due to too much supply,” a stakeholder said.

  • 15 Birds That Make Africa A Paradise For Birders

    Africa a paradise for birders By Dana Sanchez, 11:00 am

    Africa is a paradise for birdwatchers with almost 2,500 bird species. Topping the list is Democratic Republic of the Congo with 1,139 species, followed by Tanzania, Kenya, Angola, Nigeria, Cameroon and Ethiopia. An African eagle, the bateleur is the national emblem of Zimbabwe. Endemic to Africa, it’s one of the most colorful birds of prey with jet black plumage, a scarlet face and orange feathers down the back. In 2009, this bird was listed as “near threatened” due to a drop in population. The bateleur spends as much as 80% of the day in flight, covering up to 300 miles in search of food.

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • Nigeria, Angola And Debt: Borrowing Big To Support The Budget In 2017

    Nigeria, Angola and debt By Kurt Davis Jr., 10:11 am AFKI Original

    It is the end of the year, a time when companies close the books and forecast 2017. As African governments roll out 2017 budgets or budget adjustments, it’s an ideal time to take an early look at the two gigantic problem countries — sub-Saharan Africa’s second- and third-largest economies. A sustained low oil price could all but doom these African budgets and burden their economies. Will debt markets be willing to service Nigeria? President dos Santos said he is prepared to step down — not bad timing. Angola may be the giant taking the hardest punches.

  • Africa’s Second-Longest Serving Leader Promises To Step Down… Again

    By Kevin Mwanza, 7:14 am

    Angolan President Jose Eduardo dos Santos, the second-longest serving president in Africa, has said he will not stand for re-election when Angola holds its presidential poll next year, according to a document by the ruling party, Popular Movement for the Liberation of Angola (MPLA). Dos Santos, who has led Africa’s biggest oil producer since 1979, had previously hinted at resigning from politics in 2018.

  • Why It’s A Goldmine For Private Military And Security Contractors In Africa

    security contractors in Africa By Staff, 12:02 am

    One aspect of U.S. military operations in Africa that remains vastly under-covered and unappreciated is the role of private military and security contractors. Private military and security contractors are the U.S. military’s American Express card. It dare not deploy overseas without them. This is nowhere truer than in Africa. It is fitting that modern private military and security contractors should be operating in Africa. After all, Africa gave rise to much of the industry. The pioneer in the field was the South Africa-based Executive Outcomes, which shut down in 1998.

  • 10 Things You Didn’t Know About Fidel Castro’s Relationship With Africa

    By Kevin Mwanza, 9:11 am AFKI Original

    Fidel Castro was a revolutionary leader and president of Cuba from January 1959 to February 2008 when he formally ceded power to his younger brother, Raul Castro, due to his ailing health. During his stay in power, Castro enjoyed good relations with African leaders and liberation activists such as the late Kwame Nkrumah of Ghana, Nelson Mandela of South Africa, Julius Nyerere of Tanzania and Augustinho Neto of Angola.

  • US-Based Renewable Energy, Data Tech Firms Attract Angolan Investors

    Pioneering Angolan firm By Dana Sanchez, 7:13 pm AFKI Original

    Angolan attorney Zandre Campos quit his job with Sonangol, Angola’s giant state-run oil company, to start a private international investment firm. He wants to bring the best of the world to Africa. “We want to participate in the future of this continent. We’re talking about international standards,” he told AFKInsider. His latest investment is his company’s first in the U.S. He’s investing in U.S. technology. “Most of our investors are local Angolans — young guys like us,” Campos said.

  • Castro’s Mixed Legacy In Africa: He Fought Colonialism, Found Capitalism Repugnant

    Fidel Castro By Dana Sanchez, 5:24 pm

    Fidel Castro was no angel. He ran Cuba with “a strong arm and dodgy economic policies,” but for many in Africa, the Cuban leader was a friend in need. Castro is credited with helping pit Russia against the U.S. in a war in Angola that brought about the beginning of the end of apartheid. It wasn’t just about independence from colonialists but also from the perceived injustices of capitalism. “I find capitalism repugnant. It is filthy, it is gross, it is alienating,” Castro said.

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