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…

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…

Os jovens pertencentes ao auto-denominado “Movimento Revolucionário” anunciam para o dia 27 de Maio, uma manifestação, no “Largo 1º de Maio”, em Luanda, para “exigir justiça, fim de assassinatos no país e respeito as liberdades dos cidadãos consagradas na Constituição da República de Angola”. Texto: Rádio Angola Segundo os subscritores da carta endereçada ao Governo…

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…

LUANDA (Reuters) – The son of Angola’s ex-president, José Filomeno dos Santos, has been charged with fraud relating to a $500 million transaction out of an account belonging to the central bank, the prosecutor general’s office said on Monday. Dos Santos is the highest profile figure to be charged since President Joao Lourenco succeeded former…

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…

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