If someone had reported that Angola was preparing its state oil company for privatization three years ago, many would have laughed refused to believe it. In 2016, Sonangol was in shambles and rumor got around that the company couldn’t even afford to buy toilet paper for its offices. Now three years later, it is preparing for an initial public offering. A lot has changed since 2016, and not just in oil prices. At the time, the head of the company was Isabel dos Santos , the billionaire daughter of then-president Jose Eduardo dos Santos who stayed at the helm of Angola for almost 40 years. Then he lost the election to Joao Lourenco who has pledged to overhaul the political and economic system of the country, and he seems to be sticking to his word. Earlier this year, Lourenco announced that the government will privatize as many as 195 […]