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Angola
Lourenço deploys dream team to renegotiate Chinese debt

Increasingly indebted, Luanda urgently needs to hammer out a solution with Beijing. In charge of this fraught negotiation is the finance minister Vera Daves de Sousa, backed by a four-strong team of civil servants. [...]

Published on 02/11/2020 at 06:00 GMT Reading time 2 minutes

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Finance, Business

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Augusto Kalikemala
Commercial Bank of China
Covid-19
Eliana Maria Fortes dos Santos
Export-Import Bank of China
Igape
International Monetary Fund
Joao Lourenco
Jose Eduardo dos Santos
Nádia Pinto
Osvaldo Victorino João
PwC
Sonangol
Vera Daves de Sousa
World Bank

Angola
Lourenço relaunches privatisation of Angola's leading insurance company

João Lourenço has relaunched the partial privatisation of ENSA in the hope of reducing public debt, estimated at 60% of GDP in 2022.

Subscribers only Finance 22.04.2024

Angola
Ambassador-less China keeps close eye on Luanda

With Lourenço ostensibly seeking closer relations with Washington, Beijing has yet to appoint an ambassador in Luanda, six months after the departure of Gong Tao.

Subscribers only Diplomacy 04.01.2024

Angola
American AEG Fuels settles case with Angolan Air Force out of court

The case filed by Texan AEG Fuels against the Angolan Air Force for $560,000 in unpaid fees was settled outside of court.

Subscribers only Energy 06.06.2023

Spotlight | Angola, Ivory Coast
Lourenço and Ouattara forge new diplomatic and financial axis

After considering a close military alliance last year, Angola and Ivory Coast are stepping up their diplomatic and financial ties, to the extent of creating a real axis between the two leading powers of West and Central Africa.

Subscribers only Diplomacy 25.10.2021

Angolan President João Lourenço and Ivorian President Alassane Ouattara in 2017.

Spotlight | Africa, China
Macron and Biden want to force China to play ball on African debt

Following the explosion in African countries' public debt caused by Covid, the European Union and the United States want to force China to take part in the collective rescheduling process organised by the G20 and the Paris Club.

Subscribers only Politics 19.01.2021

On December 30, 2020, French President Emmanuel Macron took part in a videoconference bringing together his Chinese counterpart Xi Jinping and European representatives.

Angola
João Lourenço cancels $77m contract with Havana

One of the flagship projects of Angolan-Cuban cooperation, which was to have involved the construction of 283 km of roads, has been definitively killed off by the current Angolan president.

Subscribers only Infrastructure, Politics 08.01.2021

Africa
Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

While continuing to lobby for an extension to the G20 moratorium on sovereign debt, the Elysée is preparing to hold a summit in Paris in May on investment in Africa to which several dozen African heads of state will be invited.

Subscribers only Diplomacy 07.12.2020

Angola
Lourenço's gunboat diplomacy

The Angolan president has very visibly demonstrated his support for Felix Tshisekedi with a deployment of military aircraft. He has already suggested military alliances with Alassane Ouattara and Ali Bongo.

Subscribers only Diplomacy 30.11.2020

Congolese President Félix Tshisekedi and his Angolan counterpart João Lourenço.

Angola
Crack team of consultants goes to work on Angola's budget

Having negotiated a rescheduling of its debts with China Development Bank and obtained nearly a billion dollars from the IMF, Angola is relying on a top team of consultants to handle dealings with its two other Chinese creditors as well as auditing its external debt and developing trade with the United States.

Subscribers only Business 29.10.2020

Angola
Lourenço's young finance team up against carping MPLA heavyweights

As the country endures a financial maelstrom and battles its creditors, the team running its finances is under fire from the party that is barely distinguishable from the state.

Subscribers only Finance, Politics 29.06.2020

Angola
Mining sector reforms: Lourenço sweet talks foreign investors

Angola has passed a key milestone in the restructuring of its mining sector with the new organisation of its national regulatory agencies. A wave of privatisations is to follow as President Lourenço continues to push for a more investor-friendly environment.

Subscribers only Mining 05.06.2020

Angola
Unrepaid Dos Santos era loans risk becoming an economic fragmentation bomb

Choked as it is by the fall in oil prices, Angola is already dangerously exposed to the risk of being unable to reimburse its private debt. Its finances have been complicated by another problem, however.

Subscribers only Finance, Politics 08.05.2020

Former President José Eduardo dos Santos created the public company Recredit in 2016 to take care of the toxic claims of the PCB.

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Augusto Kalikemala
Commercial Bank of China
Covid-19
Eliana Maria Fortes dos Santos
Export-Import Bank of China
Igape
International Monetary Fund
Joao Lourenco
Jose Eduardo dos Santos
Nádia Pinto
Osvaldo Victorino João
PwC
Sonangol
Vera Daves de Sousa
World Bank

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Angola
Lourenço deploys dream team to renegotiate Chinese debt

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Set up email notifications for these topics

Angola
Lourenço relaunches privatisation of Angola's leading insurance company

Angola
Ambassador-less China keeps close eye on Luanda

Angola
American AEG Fuels settles case with Angolan Air Force out of court

Spotlight | Angola, Ivory Coast
Lourenço and Ouattara forge new diplomatic and financial axis

Spotlight | Africa, China
Macron and Biden want to force China to play ball on African debt

Angola
João Lourenço cancels $77m contract with Havana

Africa
Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

Angola
Lourenço's gunboat diplomacy

Angola
Crack team of consultants goes to work on Angola's budget

Angola
Lourenço's young finance team up against carping MPLA heavyweights

Angola
Mining sector reforms: Lourenço sweet talks foreign investors

Angola
Unrepaid Dos Santos era loans risk becoming an economic fragmentation bomb

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About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Senegal Guns and oil drive Russia's Dakar courtship

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

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Angola Lourenço deploys dream team to renegotiate Chinese debt

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Angola Lourenço relaunches privatisation of Angola's leading insurance company

Angola Ambassador-less China keeps close eye on Luanda

Angola American AEG Fuels settles case with Angolan Air Force out of court

Spotlight | Angola, Ivory Coast Lourenço and Ouattara forge new diplomatic and financial axis

Spotlight | Africa, China Macron and Biden want to force China to play ball on African debt

Angola João Lourenço cancels $77m contract with Havana

Africa Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

Angola Lourenço's gunboat diplomacy

Angola Crack team of consultants goes to work on Angola's budget

Angola Lourenço's young finance team up against carping MPLA heavyweights

Angola Mining sector reforms: Lourenço sweet talks foreign investors

Angola Unrepaid Dos Santos era loans risk becoming an economic fragmentation bomb

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Angola
Lourenço deploys dream team to renegotiate Chinese debt

Angola
Lourenço relaunches privatisation of Angola's leading insurance company

Angola
Ambassador-less China keeps close eye on Luanda

Angola
American AEG Fuels settles case with Angolan Air Force out of court

Spotlight | Angola, Ivory Coast
Lourenço and Ouattara forge new diplomatic and financial axis

Spotlight | Africa, China
Macron and Biden want to force China to play ball on African debt

Angola
João Lourenço cancels $77m contract with Havana

Africa
Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

Angola
Lourenço's gunboat diplomacy

Angola
Crack team of consultants goes to work on Angola's budget

Angola
Lourenço's young finance team up against carping MPLA heavyweights

Angola
Mining sector reforms: Lourenço sweet talks foreign investors

Angola
Unrepaid Dos Santos era loans risk becoming an economic fragmentation bomb