Angola

Coordinates: 12°30′S 18°30′E / 12.500°S 18.500°E / -12.500; 18.500

Angola /æŋˈɡlə/, officially the Republic of Angola (Portuguese: República de Angola pronounced: [ɐ̃ˈɡɔlɐ]; Kikongo, Kimbundu and Umbundu: Repubilika ya Ngola), is a country in Southern Africa. It is the seventh-largest country in Africa, and is bordered by Namibia to the south, the Democratic Republic of the Congo to the north, Zambia to the east, and the Atlantic Ocean to west. The exclave province of Cabinda has borders with the Republic of the Congo and the Democratic Republic of the Congo. The capital and largest city is Luanda.

Although its territory has been inhabited since the Paleolithic Era, modern Angola originates in Portuguese colonization, which began with, and was for centuries limited to, coastal settlements and trading posts established from the 16th century onwards. In the 19th century, European settlers slowly and hesitantly began to establish themselves in the interior. As a Portuguese colony, Angola did not encompass its present borders until the early 20th century, following resistance by groups such as the Cuamato, the Kwanyama and the Mbunda. Independence was achieved in 1975 after a protracted liberation war. That same year, Angola descended into an intense civil war that lasted until 2002. It has since become a relatively stable unitary presidential republic.

Latest News for: Angola oil

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Angolan court sentences ex-leader's son to 5 years in prison

Lebanon Express 14 Aug 2020
Dos Santos in 2018 was prevented from leaving the oil-rich southern African nation ... Lourenco, Angola’s former defense minister, also appointed a crop of new ministers to differentiate himself from his predecessor while vowing to tackle the corruption that has long hurt one of Africa’s largest oil producers ... Africa South Africa Southern Africa Angola....
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José Filomeno dos Santos: Son of Angola's ex-leader jailed for five years

BBC News 14 Aug 2020
The son of Angola's former president has been jailed for five years for fraud from when he was head of the oil-rich country's ......
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Beijing’s relations with Africa head for a reset after Covid

Business Day 13 Aug 2020
  ...  . “China and Africa have offered mutual support and fought shoulder to shoulder with each other. China shall always remember the invaluable support Africa gave us at the height of our battle with the coronavirus ...    ...   ... Oil-exporting Angola is estimated to have borrowed 30% of the signed Chinese loans disbursed to Africa ... ....
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Petrostates Glimpse Their Peak-Oil Future With Summer of Strife

Canada Dot Com 12 Aug 2020
(Bloomberg) — From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent ... Oil-dependent Angola is seeking to increase a $3.7 billion International Monetary Fund loan by $800 million ... Oil prices were near $100 a barrel then and consumers were worried about supplies running out....
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Oil giant makes aliyah: Noble or ignoble?

The Jerusalem Post 12 Aug 2020
In his inscrutable wisdom, the lord of the universe placed much of the world’s oil and gas under the seas and sands belonging to Arab and Muslim nations ... And Israel? For years, Israel bought expensive oil from Angola, Colombia, Mexico, Egypt and Norway, and used cheap polluting coal to make our electricity....
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Isabel dos Santos quits Unitel board amid ‘climate of permanent conflict’

Business Day 11 Aug 2020
The businessperson, who is embroiled in a huge financial scandal, amassed a fortune estimated at more than $2bn through stakes in various companies, including Unitel, which has Angola’s state oil company Sonangol as the majority shareholder. In December 2019, Angola froze the ......
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Angola's beleaguered dos Santos steps down from Unitel

Canada Dot Com 11 Aug 2020
The businesswoman, who is embroiled in a huge financial scandal, amassed a fortune estimated at more than $2 billion through stakes in various companies, including Unitel, which has Angola’s state oil company Sonangol as a majority shareholder. In December 2019, Angola froze ......
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Exclusive: BP poised to sell 'stranded assets' even if oil prices rally

Yahoo Daily News 07 Aug 2020
FROM CANADA TO ANGOLA ... Sources have previously told Reuters that BP has identified Canadian oil sands assets and projects in deep water off Angola as being uneconomical under its new oil price scenario ... Oil majors generally target a 12% to 15% return on their investments in oil....
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BP poised to sell 'stranded assets' even if oil prices rally

Canada Dot Com 07 Aug 2020
FROM CANADA TO ANGOLA ... Sources have previously told Reuters that BP has identified Canadian oil sands assets and projects in deep water off Angola as being uneconomical under its new oil price scenario ... Oil majors generally target a 12% to 15% return on their investments in oil....
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Exclusive: BP poised to sell ‘stranded assets’ even if oil prices rally

Metro USA 07 Aug 2020
FROM CANADA TO ANGOLA ... Sources have previously told Reuters that BP has identified Canadian oil sands assets and projects in deep water off Angola as being uneconomical under its new oil price scenario ... Oil majors generally target a 12% to 15% return on their investments in oil....
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Angola: importance of investment in mining sector of ornamental rocks

Korea Times 30 Jul 2020
Exploration of Ornamental Rocks in Angola. This is an article contributed by the Embassy of Angola in Korea ― ED. Map of Angola. The sharp drop in oil prices and more recently the pandemic of COVID-19 have compelled the Angolan Government to take measures that contribute to mitigate ......
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Former Unaoil manager gets three-year jail sentence over Iraq bribery

Canada Dot Com 30 Jul 2020
A former manager of consultancy Unaoil was sentenced to three years in jail by a London court on Thursday – the second Unaoil executive to be jailed for bribing an Iraqi official to secure a $55 million oil deal after the fall of Saddam Hussein in 2003....
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LETTER: Africa’s lack of leadership

Business Day 29 Jul 2020
Three examples underline this point. Jose dos Santos was in power in Angola when oil (its primary export commodity) touched $150 a barrel ... What was his biggest contribution to Angola’s development when presented with a once-in-a-lifetime opportunity to take his country forward? He turned his son and daughter into Africa’s youngest billionaires ... ....

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