Picture source: electrive.com LUANDA (Reuters) – French oil company Total said on Saturday it plans to drill 13 wells on block 17, offshore Angola, in order to maintain production of 400,000 barrels per day of crude until 2023 in Africa’s second largest crude producer. In a statement, the company said the wells, which will connect…

By africanes Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite being the second largest oil producing country in Africa and the continent’s third strongest economy. The debt is very high considering that the country has a resources that has been a major contributor to it’s…

AFP•September 24, 2018 Luanda (AFP) – The son of Angola’s ex-president Jose Eduardo dos Santos was remanded in custody in a $1.5-billion corruption case, a state prosecutor said Monday. “Given the complexity and seriousness of the deeds and in order to guarantee an effective enquiry… the state prosecution service decided to apply a preventive detention…

By Christopher Torchia | AP JOHANNESBURG — The former president of Angola on Saturday said he made mistakes during his long rule but was holding his “head high” as he stepped down as leader of the ruling MPLA party. The political exit of Jose Eduardo dos Santos comes as President Joao Lourenco, a former defense minister, pledges…

Friends of Angola P.O. Box 21602 Washington, DC 20009 T: 202-413-7432 E: info@friendsofangola.org September 4, 2018. Freedom of Religion in Angola Washington D.C – Friends of Angola (FOA) hereby appeals to the Supreme Court (TS) to review the case of the José Julino Kalupeteka. This is because first, any appeal of this case rests with…

Friends of Angola BO Box 21602 Washington, DC 20009 T: 202-413-7432 E: info@friendsofangola.org August 20, 2018. Press Release Friends of Angola became aware of the arrest and the consequent harassment, using coercive measures, against Mr. Joaquim da Costa Zangui also known as “Lutambi”, the National Secretary for Youth of the Democratic Bloc in Angola. Following…

LUANDA (Reuters) – The daughter of a former president of Angola failed to respond to her first summons from state prosecutors to answer questions about her time running Sonangol, the state oil company, Angola’s state news agency reported. Isabel dos Santos is allowed to provide reasons for not appearing three times, state news agency Angop…

By REUTERS ZURICH, July 13 (Reuters) – Swiss authorities have released around $60 million of funds seized in an investigation into the suspected laundering of money diverted from Angola’s sovereign wealth fund and its central bank, federal prosecutors said on Friday. Switzerland’s Office of the Attorney General (OAG) opened criminal proceedings in April in response…

By Africanews Angolan president João Lourenço addressed the European Parliament in Strasbourg on Wednesday. It was the first time an Angolan head of state spoke in the Chamber before Members of the EU Parliament. Maintaining democratic institutions, investing in basic care, fighting corruption and opening up to foreign investment dominated the president’s speech. “Children of…

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…

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