Tag: Joao Lourenco
In a bid to normalize ties between Rwanda and Uganda, through the fourth Quadripartite Heads of State Summit both President Paul Kagame and Yoweri Museveni met at Gatuna border. They were joined by Angolan President João Lourenço and his Congolese counterpart Félix Tshisekedi. The agenda of the meeting includes review and discussion of feedback from Uganda following a Note Verbale from Kigali dispatched on February 15. Joining CNBC Africa to speak on economic integration between countries in the region is Journalist Gonzaga Mugwana.
Angola is in the process of raising $3 billion through two Eurobond issues, launching $1.75 billion in 10-year notes at 8.25 percent and a $1.25 billion 30-year tranche at 9.375 percent.
The new president can be expected to continue to mobilise against the Dos Santos empire on all fronts using allegations of graft, corruption and fraud as weapons of choice as well as the politics of renewal and improved governance.
President João Lourenço, who took over last September after 38 years of rule by José Eduardo dos Santos, has said he wants to bring about an economic miracle in Angola.
Lourenço, who took office in September when dos Santos stepped down after nearly four decades in power, has swiftly wrested control of key areas of the state by pushing aside powerful figures associated with his predecessor.
The fund is run by Jose Filomeno dos Santos, son of former President Jose Eduardo dos Santos.