Africa's richest politician, Angolan President José Eduardo dos Santos has hinted that he’s keen to abdicate – but he’s holding back because he fears that his sins will be avenged when he relinquishes power. Is President Zuma following his lead?
For years, Angola has been touted as the epitome of “Africa rising” – the new frontier of investment, where fortunes stand to be made for those with the acumen and audacity to take the risks and reap the profits. And indeed, on paper, Angola has been just that.
From 2003 to 2013, Angola had one of the fastest-growing economies in the world and the third-largest in sub-Saharan Africa, with oil revenues reaching over US $450 billion and annual average GDP growth at the 11% mark – a remarkable performance by any standards. Kudos to the leadership of Africa’s second-longest serving president, José Eduardo dos Santos.This version of the facts was endorsed in February by the UN General Assembly, which resolved that Angola’s status will rise from low to middle income by 2020. Concrete proof of progress and cause for congratulations all round.