Stock Market Rumours Corroborated

According to a report from Angola's state-run news agency ANGOP, the Council of the Republic (a body set up to make contributions to political evolution) recommended on December 17 that the National Electoral Commission (CNE) submit its report to the head of State so that a date can be set for elections in 2008. If elections take place in 2008, this will be a positive development, given they have been delayed for so long. However, we would view long-term political risk unfavourably, since the ruling MPLA party controls a large swath of the media and has a financially advantageous

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