Cabinet Reshuffle And New Sonangol CEO Offer Stable Outlook For Investors

BMI View: The appointment of Manuel Vicente, the now-former CEO of state-owned oil giant Sonangol, as Minister for Economic Coordination supports BMI's view that he is likely to succeed President José dos Santos during the next presidential term. The installation of low-profile and technocratic Francisco de Lemos at the head of Sonangol should reassure foreign oil and gas investors and ensure the political transition does not affect the oil and gas sector.

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