Angola: When Economic Power Becomes Systemic Risk in Angola

Angola’s diversification strategy was designed to reduce dependence on oil and build a competitive, broad-based economy. Instead, a growing body of public records suggests that economic power is becoming increasingly concentrated around a small number of politically connected conglomerates.

At the center of this transformation stands the Carrinho Group.

Over the past four years, the group has expanded from agro-industry into food importation, military logistics and banking, underwritten by…