"Prison of Filomeno dos Santos improves confidence in Angola"

The consulting firm Fitch Solutions considered today that the pre-trial detention of José Filomeno dos Santos should slightly improve the investors' confidence in Angola but anticipates that businessmen will remain cautious, awaiting a more structural fight against corruption.

"We expect investors' sentiment to improve slightly following the progress made by the new President, but we anticipate that investors will remain cautious until there are signs that João Lourenço's government is fighting corruption in a more structural way," write the analysts.

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