Source: Verdade |

President Joao Lourenço: businesses, arms deals and old ghosts (by Miguel Sanz)

Skepticism about the new president and his policies is growing

by MIguel Sanz When President João Lourenço attended the World Economic Forum (WEF) in the Swiss town of Davos last January, he suggested that the winds of change were blowing in Angola. His message to investors was clear: the economic outlook looks bleak, but Angola’s poor record with corruption, its…

Source: Verdade |

Angola: The grace period is over for João Lourenço; It is now time for effective action (Author Miguel Sanz)

Angola’s economic troubles began in 2014 when global crude oil prices dipped and severely hampered the government’s ability to generate revenue

Author Miguel Sanz João Lourenço has been president of Angola since 26 September 2017. About one year later, he cemented his hold on power by taking over the chairmanship of the ruling Movimento Popular de Libertação de Angola (MPLA). Although he reshuffled the government, for instance by replacing the transport minister,…