Posts tagged Angola

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MPLA rattled as Angola’s oil price plummets

There’s a palpable sense of crisis in Angola, say observers of the country. That’s largely because of the plummeting price of oil, the mainstay of the economy. This is making it harder for ordinary people to make ends meet and so is stirring social discontent. It’s also making it harder for the MPLA (Popular Movement for the Liberation of Angola) government to finance the security apparatus and the patronage networks that have so far kept it in power, despite the rising discontent.