Angola Renews Reforms, to Privatize More Than 70 State-Owned Companies 

  Angola Renews Reforms, to Privatize More Than 70 State-Owned Companies Angola plans to privatize 74 state companies over the next few years, predominantly those in the industrial sector, according to the prospectus sent to investors as part of the country’s Eurobond issuance. Africa’s second-largest crude producer has been battered by a fall in the price…

$500 Million Belonging to World Airlines Trapped in Angola

Angola still owes more than $500 million to international airlines including Emirates, Deutsche Lufthansa AG and Air France-KLM, one of many items in the in-tray of new President Joao Lourenco as he tries to revive the economy. Africa’s second-biggest oil producer is withholding repatriation of the funds amid a persistent shortage of foreign-currency reserves, according to the International…

Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe

  Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe African bonds outperformed emerging-market average this year Key challenges lie ahead, with IMF warning of credit risks Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover…

Africa’s Richest Woman Making New Deals After Being Fired From Sonangol

    Africa’s Richest Woman Making New Deals After Being Fired From Sonangol Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell shares as part…