Latest news and articles about Angola from NEX English
Pope Leon has begun his visit to Northeast Angola, a region rich in diamonds. This visit aims to strengthen the relationship between the Catholic Church and local communities, highlighting the importance of sustainable development.
During an event in Angola on Monday, Pope Leon criticized the exploitation of many people worldwide by authorities, highlighting that the poor are being defrauded by the wealthy. These remarks come as part of his African tour, which includes four countries.
Angolan Finance Minister Vera Daves de Sousa announced that the government will use one-fifth of the proceeds from European bond sales this week to purchase debts due in 2028, while the remaining revenues will be allocated for government spending.
An Angolan court has postponed the trial of Russian political advisor Igor Rachin and translator Lev Lakhtanov, who are accused of espionage and terrorism following their arrest in August. They face charges related to attempting to change the political system in Angola.
The Angolan government has announced its intention to recover bonds worth <strong>$1.75 billion</strong>, which carry an interest rate of <strong>8.25%</strong> and are due in <strong>2028</strong>. This move is part of Angola's preparations to issue new dollar-denominated bonds.