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 —…

By Africa Review Four political parties that contested the August 23 election in Angola have united to challenge the outcome. The parties said in a statement that the provisional results announced by the National Electoral Commission (CNE) were illegal and unconstitutional. The Union for the Total Independence of Angola (Unita), the Board of Convergence for…

By Remi Piet TRT WORLD After nearly forty years in power, Jose Eduardo dos Santos no longer rules Angola. Decades of the Dos Santos Kleptocracy means that the new president will have little power to capture the reins of the economy from the former president’s family. As expected, the Popular Movement for the Liberation of…

By Mary Harper Africa editor, BBC World Service News There has been a lot of talk about how not much is going to change in Angola, despite the impending departure of President Jose Eduardo dos Santos, who has served for nearly 40 years. The oil-rich country, often described as one of the most corrupt in…

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