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Angola

Angola
Population: 17.0 million
GNI, $ : 43.6 bn
Debt: 8.4 bn
Overview:

The global downturn has shown that relying on just China will not save the Angolan economy, so other Asian players hope that they will have better chances to snag oil licenses in the next bidding rounds.

news from Angola

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Found 21 articles.

Displaying 1-10 out of 21 results.

  • Vol 4 No 12
  •  October 2011

China Sonangol is open for business

Transparency has not been a major feature of China Sonangol’s and China International Fund’s activities in Africa, but one of the investment vehicles is now embarking on a human-resources drive to bring in professional staff to run the company less l...

  • Vol 4 No 7
  •  May 2011

Shine on you crazy diamond

The diamond mines have been closely guarded by the Angolan elite and a Chinese company is set to make its first investment in Angola’s precious stones

  • Vol 4 No 7
  •  May 2011

China Sonangol still hungry

China Sonangol and its subsidiaries continue to make Angolan acquisitions. In February, China Sonangol won three deep-water pre-salt oil (equity) concessions in Blocks 19, 20 and 38, adding to its existing shares in Blocks 3, 31 and 32. Meanwhile Sonangol...

  • Vol 4 No 7
  •  May 2011

Manuel Vicente

Chairman and CEO, Sociedade Nacional de Combustíveis de Angola

  • Vol 3 No 10
  •  August 2010

Luanda's oil lifeline

Economic relations between Luanda and Beijing are getting even closer as Angola struggles with mounting debts while China becomes more dependent on Angolan oil. In mid-August, Finance Minister Carlos Alberto Lopes submitted a revised 2010 budget to Pa...

  • Vol 3 No 9
  •  July 2010

Choose your poison

The shadowy joint venture between Angola's state-owned oil company and the nebulous China International Fund has reached a new stumbling block in its three-year-old pursuit of a major stake in Tanzania's national airline. Infrastructure Minister Shuku...

  • Vol 3 No 5
  •  March 2010

Reshuffling Luanda's Beijing connection

As the President rearranges his government and calls for another crackdown on corruption, Beijing’s friends can take nothing for granted

  • Vol 2 No 12
  •  October 2009

The faces behind the funds

The business people, politicians and state officials behind the China International Fund (CIF) and China Sonangol International (CSI) entered the public eye in 2008 with the purchase of the publicly traded office supply company Artfield Group (now Chin...

  • Vol 2 No 12
  •  October 2009

How the Sino-Angolan alliance works

The China International Fund (CIF) was born in the aftermath of Angola's civil war as the Luanda government embarked on Africa's costliest post-war reconstruction, fuelled by oil, gas and mineral resources. Founded in 2003 by Dayuan International Deve...

  • Vol 2 No 11
  •  September 2009

Luanda diversifies its portfolio

A weak economy drives Angola into the arms of the IMF as Luanda's elite works more closely with their Chinese counterparts in local and regional deals

Displaying 1-10 out of 21 results.