In the spotlight: Angola

Angola, which has recently emerged from civil war, is in the process of building its own identity. A systematic drive towards diversification of the economy away from the oil sector and the process of de-dollarization are pivotal parts of this process. How are banks, the government and locals coping as this transformation takes hold?

Source: currencies.wikia.com
Recent coverage
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		Country Awards for Excellence 2017: Angola
		Country Awards for Excellence 2016: Angola
		Country risk: Angolan investors ignore risks Investors snapped up Angola’s $1.5 billion Eurobond debut this month, and yet the sovereign borrower’s country-risk score has plunged, putting it among the world’s worst default risks.
		Eurobond option still on the cards for Angola Armando Manuel, Angola’s finance minister, says that Angola will still issue a Eurobond despite recurring delays.
		Angola's de-dollarization drive The country’s radical programme has put pressure on the banking sector, which in its short existence has relied heavily on the business brought in by foreign exchange. How can banks stay afloat with a lack of dollars in the system?
		Is Angola ready for PPPs? The international community has lauded Angola for its quick-thinking and tough decision-making following the sharp fall in the oil price. In February, Angola cut AKz1.8 trillion ($14.3 billion) from its AKz7.2 trillion budget – months before Nigeria, the region’s largest economy and oil producer, made any changes to its own economic outlook.
		Angola goes after diversification The fall in the oil price and the de-dollarization of the economy has done even more to highlight Angola’s over-dependence on oil. As a result, the diversification of the economy is higher-up on the government’s agenda than ever before.
		Angola’s de-dollarization dilemma The drive away from the dollar and towards meaningful use of the kwanza could make Angola’s poor even more vulnerable.
		Angola: New exchange faces liquidity question Chief executive admits concerns; equity trading planned for 2016.
		Country Awards for Excellence 2015: Africa Best bank: Banco de Fomento Angola
		Africa bond: special focus
More coverage
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