Via Quartz, a look at what Africa’s telecom sector is doing with its booming global funding: Telecom and tech companies in Africa are reaching new milestones, capitalizing on renewed international investor interest to pour money into infrastructure development, finance the roll-out of data centers, propel fiber connectivity to new areas, and deploy new mobile networks in key markets. […]
Read more »Via African Business, a report on Angola’s reform plans: João Lourenço’s presidency was hailed as a new dawn for Angola. The former defence minister promised to stop the rot in Africa’s second largest oil producer after 38 years of tightly controlled family rule under former strongman President José Eduardo dos Santos. When he came to office […]
Read more »Via Angola24, a report on new MNO in Angola: More than half of the countries in the Africell Group today formalized the contract with the Government of Angola to become the fourth global telecommunications operator and start offering services later this year, the company announced today. In a statement, the company said it plans to […]
Read more »Via OilPrice.com, a report on Angola’s Sonangol: OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened the country’s finances. Angola is considering selling part of Sonangol, as well as a stake in the national […]
Read more »Via Africa Oil & Power, an article on Angola’s planned privatization program: Angola’s Privatization Program is expected to generate over $160 million (100 billion Angolan Kwanzas) in revenue through the divestment of 51 state assets this year. Forty-five companies will complete the process of privatization by the end of this month, with the rest to […]
Read more »Via the IFC, a look at Angola’s potential beyond petroleum: Home to one of the most expensive cities in Africa and one of the least diversified economies, Angola wants to be known for something entirely different: being a magnet for private investment. The country’s economy has been fueled by oil, which accounts for a third […]
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