Angola: Latest News

  • 8 Of The Most Expensive Planes Flown By African Presidents

    planes flown by African presidents By Julia Austin, 3:05 pm AFKI Original

    The late former president of Libya flew an A340 that had a bedroom, showers, DVD players, and kitchen so he had a place to live for several months should chaos hit his country. He bought it from Prince al-Waleed Aziz Al-Saud–one of the richest people in the world. They have state-of-the-art technology, safety and luxury, often becoming lightning rods for public opinion: 8 expensive planes flown by African presidents.

  • Spice Sensation: 10 Angolan Dishes To Sink Your Teeth Into

    angolan dishes By Joe Kennedy, 9:56 am

    Angolan cuisine combines the best flavors of southern Africa, Portugal, and even Brazil to create a cuisine like no other. If you like spicy, savory, succulent food, you’re going to love the flavor profiles coming out of this country. Many of the dishes are made with colorful spices, along with fresh, local fruits and vegetables like cassava and banana. From traditional staples to adopted foods from other countries, here are 10 Angolan dishes you need to sink your teeth into.

  • Angola Sovereign Wealth Fund Increased Investments In Private Equity In 2015

    By Kevin Mwanza, 7:07 am

    Angola’s sovereign wealth fund increased its investment in private equity firms operating in the country and across sub-Saharan Africa to more than half of its $5 billion, the fund said in a 2015 update. A sovereign wealth fund is a state-owned investment fund investing in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds.

  • 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).

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