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


How to invest in Africa as the continent takes its place in the post-pandemic sun

Moneyweek 14 Jan 2021
In terms of specific countries, Nigeria, Angola and Ghana will be the biggest winners from a strong oil price, while Zambia and South Africa will do well from strong copper prices, especially as more mines in both countries continue to reopen.The sectors poised for long-term growth....

IMF approves $487.5m aid to Angola

Beijing News 12 Jan 2021
The International Monetary Fund's executive board announced on Monday it had approved the disbursement of $487.5 million to Angola, which is suffering from low oil prices due to the coronavirus pandemic ... "Oil production and prices remain weak, and the health and social impacts of the pandemic continue to be felt," the group said....

IMF board approves disbursement of $487.5M to Angola

Manila Standard Today 12 Jan 2021
The International Monetary Fund’s executive board announced Monday it had approved the disbursement of $487.5 million to Angola, which is suffering from low oil prices due to the coronavirus pandemic ...Oil production and prices remain weak, and the health and social impacts of the pandemic continue to be felt,” the group said....

IMF says board approves $487.5 million disbursement to Angola

Metro USA 12 Jan 2021
... of the African oil exporter’s $3.7 billion loan program. The Fund said that the COVID-19 pandemic continues to impact Angola’s economy and population, while oil production and prices remain weak....

Do you remember Cuba’s dedication to Angola?

Open Democracy 12 Jan 2021
Lobito Lighthouse, Angola, which was destroyed during the civil war ... Angola had been the richest of Portuguese colonies, with major production in coffee, diamonds, iron ore and oil ... When 90% of its white population fled in 1974, Angola lost most of its skilled labor ... Encouraged by the Ford administration, South Africa returned to Angola within a year....

IMF Approves Loan To Struggling OPEC Producer Angola

Oil Price 12 Jan 2021
Africa’s second-largest oil exporter Angola has received approval from the International Monetary Fund ......

The pioneer who moved continents and uncovered oil

The National 12 Jan 2021
His insight continues to provide oil explorers with new discoveries even today, and explains the fabulous oil and gas wealth that underlies the Middle East ... Denmark's Maersk was the first to succeed, striking oil in pre-salt rocks in Angola in January; the US mid-cap Cobalt followed in February....

Angola has secured three-year debt relief deal with Chinese creditors

Business Day 11 Jan 2021
London  —  Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700m in its next tranche of International Monetary Fund (IMF) financing in the coming days, its finance minister said on Monday ... Angola had been transparent with the IMF on its negotiations with the Chinese, she said....

Is This The Most Exciting Oil Play Of The Decade?

Yahoo Daily News 11 Jan 2021
The last great oil discovery onshore could unfold in the next few weeks, and it’s been hiding right under the noses of the supermajors ... And it could lead to the most exciting oil discovery since the Permian Basin, the massive basin in Texas which is estimated to hold 46.3 billion barrels. ... Validation from the Biggest Names in the Oil Industry....

How Africa became collateral damage in US-China trade war

The National 10 Jan 2021
South Sudan for example gets 95 per cent of its foreign revenue from oil exports to China, according to IMF data. For Angola, 60 per cent of its exports are oil and minerals to Beijing ... in resource-intensive African countries and a 1.9 per cent reduction for oil exporters by 2021....

Per capita income shrank in Sub-Saharan Africa by 6.1% in 2020 says World Bank Report

Sierra Leone Telegraph 06 Jan 2021
Oil exporters in the region grappled with sharply lower prices (Angola, Equatorial Guinea, Republic of Congo, South Sudan), while those with large travel and tourism sectors endured near-complete shutdowns of visitor activity (Cabo Verde, Ethiopia, Mauritius, Seychelles)....

Recovery for African States Could Be Dimmed by Debt, Analyst Says

Houston Forward Times 06 Jan 2021
It’s not what you might think ... Angola and Namibia are also badly exposed ... A number of African states, such as Angola, Congo-Brazzaville and Equatorial Guinea, have been hit by a sharp down-turn in demand for their main export – oil. Angola will in 2020 have reached a debt to GDP ratio of just short of 120% – a lot of debt but little income ... .......