In response to the recent wave of violent unrest, the Angolan government is set to approve a financial support package on Monday to assist businesses affected by widespread looting and vandalism in Luanda and other cities.
President João Lourenço, in an address to the nation on Friday, acknowledged the damage suffered by small and medium enterprises and pledged targeted financial relief. The support package aims to help affected businesses recover through funding to repair damaged infrastructure, restock looted goods, and retain employees whose jobs are now at risk.
“The government will not abandon its business community in the face of destruction,” President Lourenço said. “This package is a lifeline to ensure companies can reopen and continue to serve our people.”
The violent scenes erupted earlier this week following what was intended to be a peaceful three-day protest against sharp increases in fuel prices. However, the demonstrations quickly escalated, leading to widespread property destruction and over a thousand arrests.
On Saturday, five individuals arrested during the unrest were brought before a Luanda court and summarily sentenced to one year in prison each. Authorities say more court proceedings are expected in the coming days.
Businesses and civil society groups have welcomed the announcement, although some have called for broader dialogue to address the root causes of public discontent, particularly rising living costs and youth unemployment.
The government has yet to reveal the exact amount or distribution method of the financial aid, but further details are expected after Monday’s cabinet approval.
