Lourenço woos foreign diplomats to add shine to his economic legacy
As the general elections looms, the president has rallied his troops to try and capture more foreign investment in the country's extractive industry and other core sectors.
The Angolan president's quiet trip to Abu Dhabi last week is the latest sign of a fast-tracked rapprochement between the UAE and Angola. But this blossoming diplomatic and economic alliance depends on the UAE's willingness to hunt down the dos Santos family's assets.
The Fundo Soberano de Angola, a leftover from the dos Santos era, has lost its shine since João Lourenço came to power. The technocrats appointed in 2018 to run the fund have been forced to shrink their ambitions in the face of a drastic reduction of its portfolio and the government's patent lack of interest.
Former Angolan vice president and ex-Sonangol chairman Manuel Vicente may have had to leave executive government when President João Lourenço stepped into office in 2017, he certainly hasn't lost any of the stronghold of the country's oil industry he patiently [.
With Angola determined to be the sole owner, it looks as though the new DRC president Félix Tshisekedi will have to be content with mere crumbs of offshore blocks 0 and 14 (Chevron), block 15 (ExxonMobil), in production for over [.
President Joao Lourenço came into office hellbent on stamping out corruption from the Dos Santos era but some of his own entourage are now worried the crusade could turn against them. The goal from both sides is to drawn the US Department of Justice into the arena.