By Stephen Eisenhammer LUANDA (Reuters) – Angola’s sovereign wealth fund has applied to a UK court to order banks to reveal information, another move in its dispute with its former boss, the son of long-serving ex-leader Jose Eduardo dos Santos, and the asset managers hired under him. President Joao Lourenco, who took over when dos…

Fonte: Friends of Angola No dia 12 de Maio do corrente ano, a Friends of Angola – FoA realizou uma actividade na província mais ao norte do país: Cabinda. O Zuela é um aplicativo online que funciona como uma rede social. Ele serve para monitor os direitos humanos de forma anónima. O Zuela permite monitorar…

chinaafricaproject.comchinaafricaproject.com Photo By Yinka Adegoke, Quartz Africa editor The Angolan newspaper Expansão had an intriguing front page cover this week. It declared, “Every Angolan owes $745 to China.” It also listed debt to other countries, but debt to China was more than seven times what’s owed to the next creditor, Israel. By some estimates Angola…

By Friends of Angola The Friends of Angola became aware of the arrest and subsequent sentencing of the young protesters Afonso Simon Muatchikukulu, Justin Horacio Antonio Valente and António José Fernando, accused of public damage and injuries against public authorities under the law of crimes against state security ” as suggested by the judge Ilda…

By IMF Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today: “We have received a letter from the Angolan authorities for IMF staff to initiate discussions on an economic program that could be supported by the Policy Coordination Instrument (PCI). [1] “The Government of President Lourenço has…

Port Louis (Reuters) – Mauritius has frozen bank accounts and suspended business licenses linked to Quantum Global Investment Management, a firm through which Angola’s sovereign wealth fund invests much of its cash, according to a court document and a regulatory source. Quantum Global, which said it was cooperating with authorities, is run by Jean-Claude Bastos…

BY AFP Angolan teachers on Monday began a planned three-week strike for higher pay, in President Joao Lourenco’s first major labour challenge since he came to power in September. Lourenco took over after Jose Eduardo dos Santos had ruled the country for 38 years. He has vowed to revive the oil-dependent economy and improve funding…

BY 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 bank. Jose Filomeno dos Santos is accused of…

By AFP Luanda – Former Angolan leader Jose Eduardo dos Santos said on Friday he will quit as head of the governing party by 2019 after the ruling MPLA denied tensions with his successor, President Joao Lourenco. Dos Santos ceded the presidency to his former defence minister Lourenco following the ruling MPLA’s victory in August…

By AFP Angola saw its first authorised anti-government protest in decades with about 10 people demonstrating Saturday in the capital against an amnesty those who have stashed vast wealth abroad. Despite the paltry turnout, the rally in the centre of Luanda was a milestone and hugely symbolic. Such an event would have been unthinkable during…

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