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The economy still centre stage ahead of Angola s elections | Elections News

Explainer-What is at stake for investors in Angola s elections?

By Rachel Savage and Catarina Demony LONDON/LUANDA (Reuters) - Angolan voters will choose next Wednesday between a party that s been in power for nearly five decades and its main opponent for even longer, in what looks like the closest ever election in Africa s second-biggest oil producer. WHO ARE THE MAIN PLAYERS? President João Lourenço of the MPLA, who has made reforming the corruption-plagued southern African country his priority since taking office in 2017, faces Adalberto Costa Júnior of the rebel-turned-opposition group, the National Union for the Total Independence of Angola (UNITA). A May Afrobarometer poll gave the ruling MPLA, which has governed since independence from Portugal in 1975, a lead of 7% over UNITA. Analysts expect it to win despite growing support for the opposition. WHAT IS AT STAKE FOR INVESTORS? In Africa, only Nigeria produces more oil than Angola, according to OPEC, while Kimberley Process data ranks it as the world s seventh-largest rough diamond produc

Explainer-What is at stake for investors in Angola s elections?

LONDON/LUANDA (Reuters) - Angolan voters will choose next Wednesday between a party that's been in power for nearly five decades and its main opponent for even longer, in what looks like the closest ever election in Africa's second-biggest oil producer.

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