Portugal is investigating embezzlement claims against Isabel dos Santos, the billionaire daughter Angola’s former president, the prosecutor general’s office told AFP Friday. The investigation comes after judicial authorities confirmed receipt of a complaint from Ana Gomes, a former Socialist lawmaker in the European parliament against Dos Santos. Financial daily Jornal Economico reported last Friday that […]

The daughter of former Angolan president Jose Eduardo dos Santos has denied allegations of financial irregularities after a court froze her bank accounts, calling the claims “politically motivated”. Isabel dos Santos — nicknamed Africa’s wealthiest woman — is under investigation for alleged irregularities involving state companies including the OPEC nation’s giant state oil company Sonangol. […]

An Angolan court has ordered the freezing of assets held by former President Eduardo dos Santos’ daughter Isabel, state news agency Angop reported on Tuesday. Report says it is the latest high-profile case in government’s anti-corruption drive. The asset freeze followed an injunction application by the state, which is seeking to recover around 1 billion […]

Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday. The announcement of efforts to generate more revenues by reducing gas flaring comes as Africa’s second-largest crude producer faces a fall in output […]

By Yahaya Isah The Angolan Government on Friday explained strategies and methods adopted for implementing its state assets privatisation programme at a workshop. Representatives of the International Finance Corporation (IFC), of the World Bank, the country’s financial sector, business associations and chambers of commerce attended the event that ended on Friday. The State Minister for […]