Angola in a State of Flux With Oil Plunge and dos Santos’ Plan to Step Down

Angola in a State of Flux With Oil Plunge and dos Santos’ Plan to Step Down
The skyline of central Luanda, Angola, May 4, 2014 (AP photo by Saul Loeb).

Oil-rich Angola is enduring serious hardship with the slump in global energy prices, and there is a sense of things being in a state of flux in a country deeply dependent on petrodollars over the past decade. Throwing major political uncertainty into the mix, in March, long-serving President Jose Eduardo dos Santos announced his intention to step down and retire from active politics in 2018, which would effectively end a four-decade-long tenure as head of state. Whether dos Santos follows through with his pledge remains to be seen; he made a similar announcement in 2001, but then reneged. The context […]

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