By North Africa Post The United States will grant Angola around two million dollars in ongoing assistance for combating money laundering and terrorist financing, the US Deputy Secretary of State has announced. John Sullivan made the announcement in Luanda Monday at a joint press conference with Angolan Foreign Minister Manuel Augusto at the end of…

By Manuel Ennes Ferreira, Ricardo Soares de Oliveira | OXFORD From inauspicious beginnings in a post-socialist, highly dysfunctional financial system, Angolan banking grew in less than a decade after the end of the country’s long civil war into one of Africa’s largest. Fuelled by the country’s oil boom, banks became crucial in articulating Angola’s interactions…

By Pedro Agosto | allAfrican.com Luanda — SADDLED with a growing debt burden and struggling to eradicate poverty, Angola still has the luxury of splurging millions in foreign currency under the state carrier’s fleet restructuring and modernisation programme. This is the latest in a series of deviations by President Joao Lourenco from his pledges to…

Content provided by africanews EXX Africa (www.EXXAfrica.com) published a special report on the risk of spill-over of the Mozambique debts scandal into Angola. On 25 January, Mozambique’s Parliament requested that the country’s former finance minister Manuel Chang be held in preventative custody while he awaits extradition to the United States following his recent arrest in…

By Foreign Brief Today, IMF Managing Director Christine Lagarde will conclude her two-day visit to Angola, where she discussed the three-year implementation of a $3.7 billion loan. Angola’s oil output levels have declined in recent years, stagnating growth and increasing unemployment upwards of 20%. Since President Joao Lourenco’s election last year, initial reforms that have…

The Globe and Mail|GEOFFREY YORK AFRICA BUREAU CHIEF JOHANNESBURG A Canadian scholar says he feared for his life when 20 soldiers took him into custody and held him at gunpoint for two days at a military base in northern Mozambique this week as he was researching a mysterious insurgency in the region. David Matsinhe, an…

By – Associated Press JOHANNESBURG — The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year. The IMF said Friday that the loan aims to help the southern African country restructure…

By africanews Angolan president Joao Lourenco on Tuesday met with a section of civil society groups and human rights activists in the country. According to human rights researcher, Zenaida Machado, among the invited were former enemies of the state, activists Luaty Beirao and Rafael Marques. A local media portal reported however that Marques, despite being…

09/26/2018 06:52 AM EDT Readout Office of the Spokesperson Washington, DC September 25, 2018 The below is attributable to Spokesperson Heather Nauert: Yesterday, Deputy Secretary of State John J. Sullivan met with Angolan Minister of External Relations Manuel Augusto on the margins of the United Nations General Assembly. The Deputy Secretary applauded the Lourenço Administration’s…

By CPJ New York, August 15, 2018–Authorities in Mozambique should immediately reverse plans to impose prohibitively high financial charges that unduly target independent media, the Committee to Protect Journalists said today. A July 23, 2018, government decree outlined massive hikes in registration fees to be paid to the government-run Gabinete de Informação, a bureaucratic body…

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