Tag Archives: angola

Benguela, Angola | AFP | Angolan President Joao Lourenco has named diversifying the oil-dependent economy as his top priority after he became the country’s first new leader in 38 years. And one natural and readily available resource that has been identified is fish — but a lack of equipment and …

Luanda, Angola | AFP | Angola on Thursday passed a law scrapping rules that previously forced foreign investors to partner with local firms, as President Joao Lourenco tries to revive the oil-dependant economy. Lourenco has vowed to pull in foreign investment after he succeeded Jose Eduardo dos Santos, who had ruled …

1942, Angola | AFP | Angolan teachers on Friday ended a strike after reaching a deal with the government on pay and conditions, their union said. The teachers had begun the walk-out, originally planned to last for three weeks, on Monday in what was seen as President Joao Lourenco’s first …

Luanda, Angola | AFP | The son of Angola’s former president Jose Eduardo dos Santos planned to siphon off $1.5 billion when he ran the oil-rich country’s sovereign wealth fund, the finance ministry said Monday. The figure is three times higher than an initial sum illegally transferred to a London …

Luanda, Angola | AFP | Tensions between Angola’s president and his long-serving predecessor have erupted into the open as an anti-corruption drive targets the former ruler’s family. President Joao Lourenco has pledged to crusade against entrenched state corruption and nepotism since taking over in September from Jose Eduardo dos Santos, …

Luanda, Angola | AFP | The son of Angola’s former president Jose Eduardo dos Santos has been charged with fraud linked to a $500 million transfer executed when he ran the country’s sovereign wealth fund, prosecutors said Monday. Jose Filomeno dos Santos is accused of “fraud, misappropriation of funds, money …

Luanda, Angola | AFP | Heavy rains, filthy conditions, medicine shortages and endemic corruption have combined to make a lethal malarial cocktail for Angola. Since the start of the year more than 300,000 cases of the disease have been reported across the country, leading to at least a thousand deaths. …

Luanda, Angola | AFP | Angolan businesswoman Isabel dos Santos, daughter of former president Jose Eduardo dos Santos, on Monday denied claims that she presided over corruption when she ran state oil giant Sonangol. Prosecutors opened an investigation on Friday into possible graft at Sonangol and will probe “irregular financial …

Luanda, Angola | AFP | Angolan prosecutors opened an investigation on Friday into possible corruption at the country’s state oil giant when it was run by former president Jose Eduardo dos Santos’ daughter Isabel. Investigators will probe “irregular financial transfers” reported by Sonangol’s new management, prosecutors said in a statement. …

Luanda, Angola | AFP | The first major scalp claimed by Angola’s new president Joao Lourenco in his war on corruption and nepotism was that of his predecessor’s daughter, who was sacked as head of the state oil company. The next big name linked to former president Jose Eduardo dos …