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While ostensibly stepping down from his position as President of Angola, President Jose dos Santos has managed to amass a considerable power base over the years and will remain a highly influential figure in Angola’s political and business spheres. His successor, Lourenço can be viewed as a guarantor of smooth transition. He is a loyalist who is not expected to bring about significant political or economic change in the short term.
The Senate’s passing of the Petroleum Industry Governance Bill is a small, but significant, step towards the long-awaited restructuring of Nigeria’s troubled oil and gas industry. It is through the PIGB that the government hopes to open up the sector to more and better business opportunities through increased transparency, better accountability and clearer regulations.
The actors and transit routes involved in the DRC-Dubai gold trade raise suspicion; not least because estimates suggest that 70% of all DRC gold reaches Dubai. Those who stand to benefit may have little incentive to enforce a crackdown. Understanding the nuances of the DRC-Dubai trade route should be a priority for sector stakeholders.
Investment and religious connections have emerged as the driving forces behind the Gulf’s relationship with Africa. Qatar, lacking its neighbours’ religious, cultural and economic connections to the continent, appears to have been less effective in garnering African support.
In a matter of weeks, the introduction of three new laws has completely changed the legal and regulatory landscape of Tanzania’s extractives industry, risking the country’s reputation as one of Africa’s most attractive investment destinations. As Acacia has discovered, this emerging environment is not a welcome one.