By Eugen Iladi A corruption trial against jailed former prosecutor Orlando Figueira that started on January 22 in Lisbon, Portugal, has deep international ramifications. The man accused of bribing Figueira to quash a 2013 investigation into the source of funds for acquiring private luxury residences in Portugal is Manuel Vicente, a former vice president of…

By VOA Angola’s new president, João Lourenço, has been in the news since taking office four months ago. Lourenço has made a number of moves, such as dismissing high-level officials. He says the moves are part of his campaign promise to fight corruption and rebuild the country’s economy. In December, he removed Isabel dos Santos,…

By Henrique Almeida and Candido Mendes Angolan President Joao Lourenco dismissed the son of his predecessor Jose Eduardo dos Santos as chairman of the country’s $5 billion sovereign wealth fund, further loosening the grip of the Dos Santos family on key areas of state. Lourenco fired Jose Filomeno dos Santos and the entire board of…

By DW No one believed the new president of Angola, Joao Lourenco, when he promised thorough reforms. But the man once considered to be a puppet of the old regime has turned out to be as good as his word. Or has he? A few days before Christmas, President Joao Lourenco struck again: he replaced…

By AFP Angola has suffered a week of fuel shortages, a bitter irony for one of Africa’s leading oil producers, and a hardship that some people blame on opponents of President Joao Lourenco. The majority of petrol stations in the capital Luanda have had long lines of motorists for seven days now, all waiting for…

LUANDA, Dec 19 (Reuters) – Angola’s state oil company Sonangol said on Tuesday it had settled all disputes with Cobalt International Energy and would pay the U.S. oil firm $500 million for its stakes in two offshore oil blocks. Cobalt had filed arbitration requests in May seeking in excess of $2 billion due to the…

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 Reuters LUANDA/LONDON (Reuters) – On Oct. 6, with the dust still settling on Angola’s first change of power in 38 years, new President João Lourenço sat down with international oil majors at the presidential palace in Luanda. The top executives in Angola of Chevron (CVX.N), Total (TOTF.PA), BP (BP.L), Eni (ENI.MI) and Exxon (XOM.N)…

By Allafrica Luanda – President João Gonçalves Lourenço Wednesday in Luanda fired the CEO of the State-owned Oil Company (Sonangol), Isabel dos Santos. In a press release from the Civilian Affairs Office to the Presidency of the Republic that reached Angop on Wednesday, João Lourenço relieves Carlos Saturnino Guerra Sousa e Oliveira from secretary of…

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…

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