SAfm: Market Update Tuesday, 30 October 2018 Interview about the looming public debt crisis in the Southern African Development Community (SADC) focused on the its source and what governments can do to avert a fiscal crisis. The discussion evaluates the Read More
Angola-Sino relations have expanded from the 1960’s and 1970’s not just for Angola but for the entire African continent. Stronger relations began after the end of the civil war in 2002. China emerges in Angola in the form of foreign Read More
Historically, Angola’s native population went through a process of land dispossession under Angola’s Civil Code instituted by the Portuguese colonial authorities. The law effectively transferred ownership of all prime land from the indigenous Angolans to the occupying settlers. At the Read More
eNCA: Night News Friday, 25 May 2018 Interview about the relevance of the African Union (AU) and its influence on African development. The interview discusses the progress achieved by the AU and the challenges of regional governance on the continent. Read More
Angola bid farewell to its longest serving president, President Eduardo Dos Santos. Dos Santos has ruled the country for thirty-eight years. He is credited for having been able to bring and maintain peace and stability to the country, and for steering the country’s economy toward the path of growth. However, Angola remains a nation of contradictions.
The Angolan government has made concerted efforts to diversify its economy following the 2014/15 oil crisis and the lasting effects of the 2008/09 global economic downturn. This, despite the decline in oil prices has resulting in decreased government revenue, lower gross national income and constrained government expenditure.
In the second half of FY2016 and after having been hard hit by lower global oil prices, Angola announced its FY2017 national budget of an estimated USD 44.22 billion. The allocated budget for FY2017 represents a deficit of around 5% to GDP and is projected to increasing, albeit gradually in the short term.
As is the case in the majority of countries across the globe, Angola’s GDP remains sluggish in line with lower global output, resulting in relatively depressed GDP growth when contrasted with prior years. For instance, in 2014 GDP growth sat at 4.8% then settled at 2.8% in 2015 according to World Bank data, a substantial contraction largely influenced by lower global commodity prices.
BusinessDay TV: Africa Inc Friday, 23 February 2018 Interview about changes in Presidents in Angola, Zimbabwe and South Africa; their promises as they enter new terms; and approaches to dealing with corruption and poor governance. This is top of the Read More