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).
The skyline of central Luanda, Angola, May 4, 2014 (AP photo by Saul Loeb).
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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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