By Africanews Marking 100 days as President of Angola, Joao Lourenco addressed the media and highlighted the significance of the reforms he has been making since taking office. Lourenco was anointed as the successor of long serving Angolan president Jose Eduardo Dos Santos who announced that he would not seek re-election in 2016. Lourenco then…

By africanews Angola’s state oil company (Sonagol) has announced an investigation into “possible misappropriation” of funds by Isabel dos Santos, the daughter of the former president, during her time as the company’s chief executive. “We have established an internal commission of inquiry to investigate the information published,” Sonangol spokesman Mateus Benza said on Tuesday. “We…

By Bloomberg Angola will set a moratorium in January to allow citizens with money abroad to repatriate their funds, as the oil-producing country struggles to ease an acute dollar shortage that began soon after oil prices dropped in 2014. “Angolans who repatriate overseas funds and invest in the economy, companies that generate goods, services and…

Fonte: VOA Jornal El Mundo diz que valor situa-se entre 6 milhões e 11 milhões de dólares e foi pago num negócio para a construção um mercado de abastecimento em Luanda A Procuradoria Anti-Corrupção espanhola investiga o pagamento de uma comissão pela empresa Mercasa à Fundação José Eduardo dos Santos (FESA) que pode chegar a…

By Africanews Africa’s richest woman and daughter of the immediate past Angolan leader, Isabel dos Santos is the 74th most powerful woman in the world. The 44-year-old was also the only African to have made it to Forbes magazine’s ranking of the top 100 women for this year. Isabel who is currently head of the…

By Reuters (Reuters) – Three former employees of a former UK division of German logistics and freight company Bertling were sentenced by a London court for bribing an agent of Sonangol, the Angolan state oil group, Britain’s Serious Fraud Office (SFO) said. Joerg Blumberg, Dirk Juergensen and Marc Schweiger were sentenced, fined and disqualified as…

Bloomberg By Henrique Almeida Angola is still a long way off from tempting U.S. banks into resuming dollar-clearing services despite making progress in combating money laundering, according to Moody’s Investors Service. “American banks are unlikely to come back to Angola anytime soon,” Akin Majekodunmi, a London-based senior analyst at Moody’s, said in an interview on…

By AFP Luanda – Angola’s new president unveiled a programme of corporate tax sweeteners on Monday intended to boost foreign investment and ease the oil-rich country’s dependence on the lacklustre price of crude. “We expect to adopt tax incentives for businesses that invest in the country,” President Joao Lourenco said in his first address to…

After 38 years in power, former Angolan leader Jose Eduardo Dos Santos, center right, greets incoming President Joao Lourenco, center left, during his inauguration ceremony in Luanda, Angola. (Mavinga / European Pressphoto Agency) By Los Angeles Times Robyn Dixon Contact Reporter After 38 years as president of Angola, Jose Eduardo dos Santos left the nation’s…

By VOA JOHANNESBURG — Angola’s first new president in decades has a big job ahead of him: He inherits a nation mired in recession, plagued with corruption, and home to some of the worst income inequality seen anywhere in the world. Worse still, the falling price of oil — the nation’s main cash cow —…

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