Tag Archives: angola

Luanda, Angola | AFP | Angolan prosecutors opened an investigation on Friday into possible corruption at the country’s state oil giant when it was run by former president Jose Eduardo dos Santos’ daughter Isabel. Investigators will probe “irregular financial transfers” reported by Sonangol’s new management, prosecutors said in a statement. …

Luanda, Angola | AFP | The first major scalp claimed by Angola’s new president Joao Lourenco in his war on corruption and nepotism was that of his predecessor’s daughter, who was sacked as head of the state oil company. The next big name linked to former president Jose Eduardo dos …

Luanda, Angola | AFP |  Angolan President Joao Lourenco removed the son of his predecessor Jose Eduardo dos Santos from the top job at the oil-rich country’s sovereign wealth fund, the presidency said on Wednesday. Jose Filomeno dos Santos, who was implicated in the “Panama Papers” offshore scandal, will be …

Luanda, Angola | AFP |  Angolan President Joao Lourenco on Monday denied “any tension” with his long-serving predecessor Jose Eduardo dos Santos, many of whose relatives and friends he has sacked from public office in a fight against corruption in the oil-rich southern African nation. In November, within three months …

Luanda, Angola | 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 …

Luanda, Angola | AFP | Angola is to allow a fourth mobile operator to enter its profitable telecommunications sector in a move which could impact business interests linked to former president Jose Eduardo dos Santos. “The government is to issue a tender for a fourth telecoms operator which will include land …

The start of the clean-up operation did not take long. Luanda, Angola | AFP | Within three months of taking control of Angola, President Joao Lourenco sacked his predecessor’s daughter as head of the state-run oil company and set about dismantling the empire built by Jose Eduardo dos Santos. A presidential …

Luanda, Angola |  NEWS ANALYSIS  |  On 15 November, as most of southern Africa’s attentions turned to the military takeover ensuing in Zimbabwe, Angola’s President João Lourenço took a set of dramatic steps. Acting with lightning speed, he fired the entire board of Angola’s state oil company Sonangol, including its chair Isabel dos Santos. Later that day, …

Luanda, Angola | AFP |  Angolan President Joao Lourenco on Wednesday fired his predecessor’s daughter from her influential post as head of the Sonangol state oil company, the presidency said in a statement. Her appointment to the oil giant last year was widely criticised as a symbol of the nepotism …

Luanda, Angola | AFP | 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 …