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…
By Stephen Eisenhammer LUANDA (Reuters) – Angola’s sovereign wealth fund has applied to a UK court to order banks to reveal information, another move in its dispute with its former boss, the son of long-serving ex-leader Jose Eduardo dos Santos, and the asset managers hired under him. President Joao Lourenco, who took over when dos…
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 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 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…