The art of midwifing elections in Africa Tuesday, 30 August 2016 Zipporah Musau, Africa Renewal Many countries in Africa conduct general elections regularly. Electoral management bodies have the responsibility to ensure free and fair elections. But what are their score cards so far?
Read more... Angola halves growth forecast, cuts spending as oil price bites Monday, 11 July 2016 Joe Brock Angola has halved its 2016 economic growth forecast and slashed government spending as lower oil prices hammer state revenues in Africa's largest crude exporter, the finance ministry said on Monday.
Read more... Angola's Sonangol halts all asset sale talks Thursday, 07 July 2016 Ed Cropley and Herculano Coroado New Sonangol chief executive Isabel dos Santos has suspended all talks relating to the sale of assets belonging to the Angolan state oil firm and stripped its internal legal department of most of its powers, a statement said.
Read more... Angola's central bank sanctions seven banks for breach of forex rules Wednesday, 29 June 2016 Zandi Shabalala Angola's central bank said on Tuesday it will sanction seven financial institutions for failing to comply with foreign exchange rules, but did not state the specific breaches or the sanctions it would take.
Read more... Angola needs fiscal prudence in run-up to 2017 elections - IMF Wednesday, 15 June 2016 Nqobile Dludla Angola needs to maintain fiscal prudence in the run-up to the 2017 elections, an International Monetary Fund (IMF) team said on Tuesday after a two-week visit to the oil producing country.
Read more... Daughter of Angola President dos Santos pledges transparency, efficiency as head of state oil giant, Sonangol Friday, 10 June 2016 Ed Crople Angolan state energy giant Sonangol is spinning off non-core investments in areas such as banking and real estate into a separate fund to allow it to focus exclusively on oil, says new CEO Isabel dos Santos.
Read more... Angola: Consolidating a political monarchy Monday, 06 June 2016 Konye Obaji Ori Angola's President Jose Eduardo dos Santos has been accused of building a monarchy to rule over Angola even after his reign.
Read more... Finance: Angola-IMF to discuss diversification Thursday, 02 June 2016 Herculano Coroado A team from the International Monetary Fund is visiting Angola to negotiate a loan facility after lower oil prices hammered the finances of Africa's second largest crude exporter, the Ministry of Finance said on Wednesday.
Read more... Africans support vibrant media, survey shows Wednesday, 04 May 2016 Crystal Orderson The main findings released on World Press Freedom showed that a majority of African citizens supported the media's "watchdog" role, saw the media as effective in revealing government mistakes and corruption, and affirmed that journalists "rarely" or "never" abuse their freedom by publishing lies.
Read more... Angola needs to combat money laundering Wednesday, 04 May 2016 Herculano Coroado Angola needs to fight money laundering and financing terrorism by focussing on ethics and morality in its banking sector the central bank's governor, Valter Filipe da Silva, said.
Read more... Angola to restructure state oil firm Sonangol Thursday, 28 April 2016 Herculano Coroado Angola, Africa's second largest oil exporter, will restructure state firm Sonangol, the oil ministry announced on Wednesday, aiming to "increase efficiency and profitability".
Read more... Banking: Angola probes management at local unit of failed Portuguese bank: official Thursday, 28 April 2016 Herculano Coroado Angola has opened an investigation into the conduct of the management at the local unit of failed Portuguese bank Banco Espirito Santo, Attorney General Joao Maria de Sousa said on Wednesday.
Read more... Banking: Africa's richest woman says Portugal was "partial" in BPI bid Wednesday, 20 April 2016 Axel Bugge and Sergio Goncalves The daughter of Angola's president accused Portugal's government on Tuesday of making an "unprecedented and clearly partial" decision in changing a law on shareholder voting rights that helped Spain's Caixabank make a bid for Banco BPI this week.
Read more... Angola to open loan talks with IMF as oil price bites Thursday, 07 April 2016 Herculano Coroado Angola will begin loan negotiations with the International Monetary Fund (IMF) this month as lower oil prices hammer the finances of Africa's second-largest crude exporter, the Finance Ministry has said.
Read more... When China sneezes, does Africa catch a cold? While commodity exporters will feel the pinch from China's recent economic slowdown, the price collapse may help with the continent's much-needed economic transformation.
Read more... Growing Chinese debt leaves Angola with little spare oil Monday, 14 March 2016 Libby George, additional reporting by Dmitry Zhdannikov Angola has found itself with a dwindling amount of crude to sell as more of its oil flows to China for debt repayment, leaving little revenue for anything from oil sector development to health care in one of Africa's largest oil exporting nations.
Read more... Top Oil & Gas Companies: Crude awakening for players large and small Friday, 04 March 2016 Martin Yeboah With the oil price plummeting, lawyers caught up with the big boys while smaller players realised they'd been taken for a ride.
Read more... IMF wil lend to African oil producers who make the request Wednesday, 03 February 2016 David Lawder and Lesley Wroughton The International Monetary Fund said on Tuesday it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding requests from the region.
Read more... Nigeria and Angola, Africa's big oil producers seek World Bank support Monday, 01 February 2016 Alexis Akwagyiram and Herculano Coroado Nigeria and Angola, Africa's two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances.
Read more... Zimbabwe's capital Harare plans diamond bourse Wednesday, 13 January 2016 Nqobile Bhebhe Zimbabwe is planning an ambitious international diamond bourse expected to attract traders from all over the world, as the southern African nation hopes to harness the mineral's revenue in an effort to shore up its faltering economy.
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