LISBON (Reuters) – Portugal promised on Friday to help the government of Angola repatriate funds obtained through corruption and deposited in the Iberian country, as Luanda steps up its drive to clamp down on alleged fraud by the previous administration. Many rich Angolans live or own property in Portugal, its former colonial master, and President…
Picture source: electrive.com LUANDA (Reuters) – French oil company Total said on Saturday it plans to drill 13 wells on block 17, offshore Angola, in order to maintain production of 400,000 barrels per day of crude until 2023 in Africa’s second largest crude producer. In a statement, the company said the wells, which will connect…
By Reuters| Giulia Paravicini, Stephen Eisenhammer KAMAKO, Democratic Republic of Congo/LUANDA (Reuters) – Congolese migrants and officials said dozens of people were killed this month in neighboring Angola in a crackdown on artisanal diamond mining, an accusation Angolan security forces strongly denied. Angola, the world’s fifth largest diamond producer, has launched an operation in recent…
LUANDA (Reuters) – Angola has secured $2 billion in Chinese financing from the China Development Bank for infrastructure projects on President João Lourenço’s first visit to Beijing, Angola’s state newspaper Jornal de Angola reported on Wednesday. Details of the terms of the financing were not released. The finance ministry did not immediately respond to a…
Repeats from SEPT 11, no changes to text) * Sonangol awards fuel oil deal to France’s Total * Trafigura was dominant player in Angola * President reshuffles oil industry after Dos Santos exit By Dmitry Zhdannikov LONDON, Sept 11 (Reuters) – Trafigura has lost its last big contract in Angola, once a core market and…
LUANDA, Aug 20 (Reuters) – Angola’s Finance Ministry said on Monday it has sought financial support from the International Monetary Fund due to poorer than expected economic growth this year. The statement on the ministry’s website did not say how much the requested Extended Fund Facility would be worth. It said the IMF has been…
LUANDA (Reuters) – The daughter of a former president of Angola failed to respond to her first summons from state prosecutors to answer questions about her time running Sonangol, the state oil company, Angola’s state news agency reported. Isabel dos Santos is allowed to provide reasons for not appearing three times, state news agency Angop…
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 Reuters LUANDA (Reuters) – The European Union has scrapped plans to observe elections in Angola next month, after Luanda failed to agree to a package of conditions, including access to all parts of the country during the poll, an EU spokesperson said on Friday. The EU expects instead to send a smaller team of…