Friday, November 22African Digital Business Magazine

Tag: João Lourenço

Angola: The grace period is over for João Lourenço; It is now time for effective action
Angola News, Main

Angola: The grace period is over for João Lourenço; It is now time for effective action

Angola’s economic troubles began in 2014 when global crude oil prices dipped and severely hampered the government’s ability to generate revenue 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, and the vice-president, Manuel Vicente, most other ministerial posts had not changed from the previous administration. Despite promises to diversify the economy and fight corruption, which he has described as a scourge on society, his actions so far appear contradictory to his publicly-voiced intentions and declarations past and present. Loure...