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Third Portuguese Killed In Angolan Capital In 2 Weeks

AFRICANGLOBE - 41 years old, married with three children. Pedro Gonçalves, a Portuguese citizen living in Angola for a decade was the third Portuguese to be murdered in Luanda in the space of two weeks, the fourth since February.

Angolan Defense Minister To Replace President Dos Santos

AFRICANGLOBE - Angola’s long-time President Jose Eduardo dos Santos has confirmed he will step down after 37 years in power before August’s poll and has announced his likely successor as Joao Manuel Goncalves Lourenco , who has also been approved by the ruling Movement for the Liberation of Angola (MPLA) party as the candidate heading the list in the August elections.

Israel’s Netanyahu Attempts To Punish The African Nation Of Angola

AFRICANGLOBE - Israeli Prime Minister Benjamin Netanyahu is expected to announce on Tuesday that Israel will suspend all development aid to the African nation of Angola following the latter’s support of a recent UN resolution condemning Israeli West Bank construction. This is the latest in a series of retaliatory, diplomatic measures against those who allegedly went against the Jewish State. Angola is one of 14 countries who supported the anti-Israel resolution.

Angolans Resentful As China Tightens Its Economic Grip

AFRICANGLOBE - It is almost impossible to miss Beijing’s influence in Angola, from construction site signs in Chinese script to expensive Chinese restaurants and seedy “Asian-only” massage parlors in the capital’s alleyways. Despite reservations from jobless Angolans, economists see China’s dominant role in Angola as necessary.

Angola: Facing A New Normal

AFRICANGLOBE - Since the end of its three-decade long civil conflict in 2002, Angola has registered strong growth fuelled by crude oil exports, which allowed high public spending and drove the emergence of the country’s consumer class. Since the oil price decline – and quick rebound – of 2009, the government has consistently cited economic diversification as a top priority.

Mozambique And Angola Celebrate 40 Years Of Independence

AFRICANGLOBE - Mozambique and Angola this year mark four decades of independence from Portugal, with robust economic growth rates buoyed by abundant natural resources giving the southern African nations reason to celebrate.

Angolan Capital Remains ‘Most Expensive City’ For Foreigners

AFRICANGLOBE - The Angolan capital, Luanda, remains the world's most expensive city for expatriates, according to an annual survey by consultancy Mercer. The city has held the number one spot for the past three years because of the high cost of rent, imported goods and security in the oil-rich nation.

Angola At Peace Is One Of Africa’s Top Defense Spender

AFRICANGLOBE - Angola spent more on its military last year than any other equatorial African nation even though it’s been at peace since a civil war ended more than a decade ago.

How Louisiana Tortured Albert Woodfox For 40 Years

AFRICANGLOBE - A federal judge in Baton Rouge has called for the unconditional release of Albert Woodfox, the only remaining imprisoned member of the Angola 3. Woodfox, 68, was placed solitary confinement at Louisiana State Penitentiary at Angola and other state facilities for more than 40 years for reasons related to the 1972 murder of prison guard Brent Miller.

Sonangol And China Development Bank Sign Important Financing Agreement

AFRICANGLOBE - Following a meeting in Beijing with Zheng Zhijie, the President of China Development Bank, the Chairman of Sonangol EP, Francisco de Lemos...

Angola’s Sovereign Wealth Fund Bets $500 Million On Hotels In Africa

AFRICANGLOBE - Angola's Sovereign Wealth Fund, which was established in October 2012 will gradually diversify its investment portfolio across a number of industries and asset classes in accordance with its investment policy and guidelines. By pursuing investments that generate long-term and socially enhancing financial returns across Africa.

Angola’s Military Expenditure To Top $13 Billion By 2019

AFRICANGLOBE- Angola's military and defence expenditure will increase from the current $6.5 billion to $13 billion by 2019 due to increased demand for border security equipment, fighter jets, multi-role aircraft, helicopters, navy vessels and unmanned aerial vehicles (UAVs).

Africa Needs To Fully Leverage Its Oil And Gas Resources

AFRICANGLOBE - Much of the recent economic growth enjoyed by large parts of Africa has been a direct result of the positive momentum achieved in oil and gas production. The fact that this momentum has been driven by existing producers like Nigeria, Angola, Algeria as well as investment in new producing countries like Ghana, Mozambique, Tanzania, Uganda and Kenya, augurs very well for the future of oil and gas in Africa and for the potential for economic growth overall on the continent.

Africa’s Richest Woman Acquires Additional 17.5% Stake In Angolan Bank

AFRICANGLOBE - Africa’s richest woman, Isabel dos Santos, has increased her stake in Angolan Bank Banco BIC to 42.5%, according to Portuguese newspaper, Publico.

Why The U.S. Is Dumping Nigeria For Angola’s Crude

AFRICANGLOBE - As US import of Nigeria’s crude oil continues to fall, the western country’s patronage of Angolan crude is now steadily climbing above that of Nigeria, the reasons for that is what this report explains.

Which African Cities Will Offer The Best Opportunities In Coming Years?

AFRICANGLOBE - CEOs are gradually recognising the untapped opportunities in Africa. But which African cities will offer the best business potential in the coming years? A recent note by professional services firm PwC suggests the most lucrative opportunities might not be in the region’s three largest cities