Angola: President João Lourenço’s balancing act reaches tipping point

AML February 2021 insight

As President João Lourenço aptly put it in his end-of-year address, 2020 “was not a good one” for Angola. Low oil prices coupled with the sudden onslaught of the coronavirus pandemic almost brought Africa’s second largest oil exporter to its knees. As lockdown restrictions were imposed, and demand for black gold on the global market…

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