Angola

Luanda (AFP) Angola’s new president unveiled a programme of corporate tax sweeteners on Monday intended to boost foreign investment and ease the oil-rich country’s dependence on the lacklustre price of crude. “We expect to adopt tax incentives for businesses that invest in the country,” President Joao Lourenco said in his first address to parliament since taking office following the August 23 vote. “Our country is in a difficult economic and financial situation due to the drop in oil prices on the international market and the consequent decline in foreign currencyRead More
Luanda (AFP) In Mabor, a dusty and neglected corner of Luanda, the sound of a catchy beat rising means only one thing to the area’s youngsters: time to dance the kizomba. The Angolan dance is gaining worldwide popularity and has a committed contingent of students in Mabor who are drawn to class by its romantic rhythms. “Stop! Boys stay still, only the girls move now. Like that, that’s good!” said instructor Vitor Especao, wearing a bright purple shirt as he guided his pupils. The dancers followed his instructions closely, theirRead More
Luanda (AFP) The leader of Angola’s main opposition party UNITA said Wednesday he would quit following defeat in last month’s election, which he alleges was rigged in the ruling party’s favour. Isaias Samakuva, 71, took over UNITA after longtime rebel leader Jonas Savimbi was killed in 2002, a death that marked the beginning of the end of Angola’s bloody 27-year civil war. “I told Angolans before and during the election campaign that after the vote I would give up the role as president of UNITA, and I confirm this decision,”Read More
Luanda (AFP) Angola’s incoming president Joao Lourenco faces a slew of challenges that include dwindling oil prices, rampant poverty, soaring unemployment and the long shadow cast by his predecessor and his family. These are the key tasks that will confront him on his first day in the job on Tuesday: – Fix the economy – Angola has been in the grip of an unprecedented economic crisis for three years as the global price of oil has remained flat. Black gold provides 70 percent of Angola’s revenues and almost all ofRead More
Luanda (AFP) Critics of outgoing Angolan President Jose Eduardo dos Santos accuse him of stripping his country of much of its vast oil wealth to enrich himself and his family. Dos Santos, who will step down on Tuesday after 38 years of iron-fisted rule, has appointed several family members to key economic jobs during his presidency. Banking, telecoms, media and most significantly oil are among the industries that have felt the far-reaching influence of the Dos Santos brood. “The president has privatised the state to benefit his family and aRead More
Luanda (AFP) Jose Eduardo dos Santos’s 38-year reign over Angola finally came to an end Tuesday when his hand-picked successor Joao Lourenco was inaugurated as president at a ceremony in Luanda. Lourenco read an oath in which he vowed “on my honour to devote myself” to the role of president, as he took power after the ruling MPLA party won last month’s election. Dos Santos, who was at the ceremony but is reportedly in poor health, surprised many by announcing his retirement earlier this year, saying he would not beRead More
Luanda (AFP) Jose Eduardo dos Santos’s 38-year reign over Angola finally came to an end Tuesday when his hand-picked successor Joao Lourenco was inaugurated as president at a ceremony in Luanda. Lourenco read an oath in which he vowed “on my honour to devote myself” to the role of president, as he took power after the ruling MPLA party won last month’s election. Dos Santos, who was at the ceremony but is reportedly in poor health, surprised many by announcing his retirement earlier this year, saying he would not beRead More
Luanda (AFP) Angola’s constitutional court on Wednesday upheld the ruling party’s landslide win in last month’s election which will usher in the MPLA’s fourth decade in power and rejected opposition claims the poll was flawed. The ruling Popular Movement for the Liberation of Angola won 61.7 percent of the vote, and 150 of the 220 seats in parliament, the country’s electoral commission said in its final results. President Jose Eduardo Dos Santos, 75, who has ruled since 1979 and is reportedly in poor health, will hand over to former defenceRead More
Luanda (AFP) Three Angolan opposition parties on Friday filed a complaint against the outcome of nationwide elections on August 23 that asserted the 42-year grip of the ruling MPLA party. Representatives from the National Union for the Total Independence of Angola (UNITA) and two smaller parties, the FNLA and PNS, lodged a request at the Constitutional Court in Luanda for the results to be overturned, AFP reporters saw. A fourth party, Casa-CE, will follow suit on Saturday, party officials said. UNITA campaign manager Ruben Sikato said electoral laws had beenRead More
Luanda (AFP) Angola’s Electoral Commission declared Wednesday that the ruling MPLA party had won last month’s election, in a victory that allows outgoing President Jose Eduardo dos Santos to install a party loyalist in his place after 38 years in power. The Popular Movement for the Liberation of Angola (MPLA) garnered 61.7 percent of the vote, and 150 of the 220 seats in parliament, the head of the CNE electoral commission, Andre da Silva Neto, said in announcing the final results. Dos Santos, 75, who has ruled since 1979 andRead More