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Fri,24Nov2017

Angola

Russia's Rosneft eyes Africa, former Soviet posting of CEO

Rosneft boss, Igor Sechin worked as a translator in Angola and Mozambique during the soviet era. Photo©ReutersRussian oil producer Rosneft may expand in the African countries of Angola and Mozambique, where its boss Igor Sechin served as a Soviet translator in the early 1980s.

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Transport infrastructure before development

A train in Madagascar. Photo©Yosef Hadar/World BankWhile African governments and development partners are investing more in roads and rails infrastructure much more needs to be done for any meaningful socioeconomic impact to be made.

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Total goes ahead with $16 bln Angolan Kaombo oil project

France's Total said it had decided to go ahead with the Kaombo oil project offshore Angola after reducing its cost by $4 billion to $16 billion, an advance that could help Angola keep up oil output over the long run.

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Railway: Angola's iron, snake forked tongue

A dead-end siding leads to a locomotive graveyard in Luena, Moxico Province. Photo©John GroblerAngola's rehabilitated Caminho de Ferro de Benguela has spawned government-backed construction projects and a new, Chinese, middle class. The Africa Report delves beneath the success story, where opaque deals keep far too many on the wrong side of the tracks.

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The right to doubt and the Angolan youth

File photo©ReutersNot all they say may be correct; not everyone may agree; but Angola's young people have shown a social and political lucidity and their voices should be heard.

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Angola's financial institutions grow, but profits face pressure

Banco Nacional de Angola has taken measures to reduce dependence on the US dollar. Photo©ISSOUF SANOGO/AFPNew oil legislation will give Angola's currency and banks a boost, but for some, non-performing loans are spreading at an alarming rate.

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Angola-Brazilian connection could mean higher production

United by cultural and trade ties as well as a common language, Angola and Brazil are close allies. Now their common geology could double their oil output.

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Angola: All aboard the Luanda express

Leaders never miss an opportunity to remind us of the positive changes since the end of the civil war in 2002. Take a ride on the train to hear Angolans' differing views.

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Angola and the lost powerhouse of the Planalto

Huambo: adorned but not revived by the MPLA. Photo©GIANLUIGI GUERCIA/AFP   Huambo used to be a centre for large-scale agriculture and manufacturing projects, but it has not recovered from the impact of the long civil war.

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Angola's lessons from Brazil

Luanda’s skyline is just one side of Angola’s story. Photo©Ken Gerhardt/Getty ImagesLuanda, with its palm-fringed corniche and glitzy beach bars, is Rio de Janeiro writ small: an explosive mix of commercial and cultural dynamism, crass inequities and seething frustration. Beyond the obvious parallels, Brazil's experience has much to teach Angola's policymakers.

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China-Africa: The dragon dealmaker has Africa dazzled and dizzy

China is looking for viable projects - and is happy to wait until it finds them. Photo©KAMBOU Sipa/AfpIn May last year, China's President Xi Jinping announced during a visit to Tanzania that the great Asian power shall be providing $20bn in credit lines to Africa over the next three years.

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6 people to watch in Southern Africa in 2014

Edson Chagas (left), Lazarus Chakwera (centre top left), Wynter Kabimba (centre bottom left), Mzwandile Masina (centre top right),  John Mangudya (centre bottom right), Margarida Talapa (right) Southern Africa's people to watch list for 2014 could be a sign of interesting political events ahead in the region.

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International oil companies look to East Africa for growth

Oando is moving into the upstream sector. Photo©SUNDAY ALAMBA/AP/SIPAInternational energy producers are shifting their focus to East Africa as local companies in established markets expand their activities.

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The music continues in 2014

Afrikan Boy. Photo©Hassan Hajjaj - Press ShotMali was the powerhouse of African music releases in 2013, and the momentum will carry on well into 2014 with a wealth of new recordings.

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More billionaires as Africa's rich get richer

A 2013 ranking by Forbes magazine reveals that the fortunes of Africa's rich are growing, while a handful of newcomers arrive on the scene.

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Angolan state oil firm Sonangol to open trading office in China

Angolan state oil firm Sonangol plans to open its fourth international trading office in China, the country's top crude export destination, Chief Executive Francisco Lemos Jose Maria said on Monday.

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Africa's biggest electricity project, Inga 3 powers regional cooperation

South Africa and the DRC are determined to build a new dam at Inga on the Congo River, and international consortiums want to build and finance the project.

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Africa's social housing: Homes for all

In a fast-urbanising Africa, social housing can be a watchword for social peace Photos© Lahcëne Abib-Signatures/ SIPHIWE SIBEKO - REUTERS/ Nabil ZorkotWith a housing shortage across Africa, governments and developers are creating new models that enable people on modest incomes to buy their own homes.

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Democratic Republic of Congo at a crossroads

Kinshasa: a modern city whose citizens enjoy more freedoms than in many neighbouring capitals. Photo©Baudouin Mouanda For JaGDP growth is soaring, inflation is low, and the resource potential is huge. Can the Democratic Republic of Congo achieve its potential or will vested interests trip it up?

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Diplomacy in east Africa: Spokes and Spanners in the DRC wheel

DRC President Joseph Kabila. Photo©ReutersIf Kinshasa has some ugly bones of contention with neighboring states, it is also in negotiation for several joint projects.

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