Courtesy of STRATFOR (subscription required), a look at the economic prospects of several southern African nations: Over the past year, new leaders have replaced long-entrenched presidents in South Africa, Zimbabwe and Angola. Each country’s political environment has evolved since the changing of the guard, bringing opportunities for the type of economic development that wouldn’t have […]
Read more »Via the Atlantic Council, a look at Angola: Angola has long had a reputation of being a closed and secretive frontier market. Despite Africa’s emergence as an attractive investment destination over the past fifteen years, opportunities in Angola remained hidden by the isolationist tendencies of its former regime. However, the new president, João Lourenço, is […]
Read more »Via The Washington Post, a look at Angola, where the sharp decline in international oil prices has hit the economy hard: As the price of oil rose earlier this decade, this capital city did as well. Glass skyscrapers soared above the rubble of a 27-year civil war. American pop stars such as Mariah Carey were […]
Read more »Courtesy of Frontier Strategy Group, an updated look at Angola: Since the end of its three-decade long civil conflict in 2002, Angola has registered strong growth fueled by crude oil exports, allowing high public spending and driving the emergence of the country’s consumer class. Since the oil price decline—and quick rebound—of 2009, the government has consistently […]
Read more »Courtesy of STRATFOR (subscription required), an interesting look at Sonangol, Angola’s national oil company: Summary Before Angola’s independence in 1975, Portugal imposed a contentious and hastily thrown together power-sharing deal among Angola’s three main ethnic groups: the Bakongo, Mbundu and Ovimbundu. This pact unraveled quickly after independence as Angola descended into a three-way civil war. […]
Read more »Courtesy of the Financial Times, a detailed look at Angola: At night, when the darkness masks the scars left by Angola’s brutal 27-year civil war, the Ilha de Luanda resembles a down-at-heel corner of Ipanema. Like the neighbourhood in Rio de Janeiro, the locals speak Portuguese in the bars and restaurants dotted along its narrow […]
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