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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Angola's GDP shrinks 8.8 pct in Q2

China.dot.org 27 Oct 2020
In terms of economic participation, the sectors that contributed most to the contraction of Angola's economic activity during this period is the oil extraction and refining ......
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Africa to fall behind world growth as region faces slow recovery

Beijing News 23 Oct 2020
Until recently home to some of the world's fastest growing economies, output in sub-Saharan Africa is forecast to contract by a record 3% this year after the pandemic closed down cities and trading channels and curbed commodity prices, hitting large oil producers such as Nigeria and Angola. South Africa, could contract by 8% ... Source. News24 ....
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Sanlam needs a strong home base to finance growth in Africa, CEO Paul Hanratty says

Business Day 23 Oct 2020
Paul Hanratty, the new CEO of Sanlam, is refocusing on the SA insurer’s home market and plugging holes from its largest-yet acquisition to squeeze higher returns out of its businesses ... “Any company needs a strong home base ... It also faced claims from the bomb blast in Beirut in August, and took a knock when the drop in oil prices hit Angola’s economy....
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Sanlam refocuses on home base after deal misfires

Independent online (SA) 23 Oct 2020
It’s been two years since the Cape Town-based financial services firm bought Morocco’s Saham Finance for $1.1 billion, extending its reach to 33 countries across Africa and making it the continent’s largest insurer ... It also faced claims from the bomb blast in Beirut in August, and took a knock when the drop in oil prices hit Angola’s economy....
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Africa faces slow economic recovery from pandemic, says IMF

Business Day 22 Oct 2020
Until recently home to some of the world’s fastest growing economies, output in Sub-Saharan Africa is forecast to contract by a record 3% in 2020 after the pandemic closed down cities and trading channels and curbed commodity prices, hitting large oil producers such as Nigeria and Angola ... Bloomberg. ....
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Angola would welcome G20 extension of debt suspension initative

Business Day 13 Oct 2020
Africa’s number two oil producer has been hit by both the coronavirus and an oil price rout, but Daves said Angola would have a conservative budget to try to keep debt under control ... Angola’s government bonds lost more than half their value at the peak of this year’s turmoil....
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World Bank confirms economic downturn in Sub-Saharan Africa

Sierra Leone Telegraph 11 Oct 2020
Sierra Leone Telegraph ... Angola, Sub-Saharan Africa’s second largest oil producer after Nigeria, saw its economy contract by 1.8 percent year-on-year in the first quarter of 2020 ... Among oil exporters, after expanding by 1.5 percent in 2019, real GDP is projected to fall by more than four percent in 2020, owing to contractions in Angola and Nigeria ... ....
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World Bank sees sub-Saharan Africa's GDP rebounding in 2021

Beijing News 11 Oct 2020
Sub-Saharan Africa's gross domestic product is on track to shrink 3.3% this year, its worst performance on record, due to the combined effects of the disease and lower oil and commodities prices ... Second wave ... Oil-exporting countries have been hit hardest, with growth expected to drop by more than 4% in Angola and Nigeria ... Source. News24 ....
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Sub-Saharan Africa set for rebound next year, World Bank says

The National 11 Oct 2020
Sub-Saharan Africa’s gross domestic product is on track to shrink 3.3 per cent this year, its worst performance on record, due to the combined effects of the disease and lower oil and commodities prices ... Read More ... Oil-exporting countries have been hit hardest, with growth expected to drop by more than 4 per cent in Angola and Nigeria ... ....
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An unconventional look at life in Lobito: beyond Angolan stereotypes

Beijing News 08 Oct 2020
Angola has changed tremendously since the end of its civil war in 2002 ... Becoming Middle Class in Angola", anthropologist Jess Auerbach focuses on everyday success rather than systematic failure ... Why did you choose to focus on the middle class in Angola? How is the group defined and why does it matter? ... What led you to Angola?....
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Elections matter, and so does peacefully accepting their outcomes

Independent Record 08 Oct 2020
He wanted his children to live in a democracy “like the United States of America.”. It was 1997. I was in the war-ravaged West African nation of Angola ... Angola was in the world’s longest civil war, but had indicated an interest in establishing a real democracy ... and sometimes me ... Angola has both oil and diamonds, and a bounty of agricultural resources ... ....
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