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 […]

ROBERT Gabriel Mugabe was a  normal human being. But to the West, he was an enigma. He was born in racist Southern Rhodesia (now Zimbabwe) and spoke up against racism and for democracy. That made him an enemy of the state for which he spent over a decade in prison. He had three degrees in History/English, Administration and Education from South African universities.

An Angola ex-transport minister was on Thursday jailed for 14 years for corruption, making him the first high profile official to be convicted since President Joao Lourenco took office two years ago.

Angola is at the centre of global energy deals this week as its capital Luanda hosts a plethora of global CEOs and energy investors, and over 1,000 oil industry stakeholders at the Angola Oil & Gas 2019 Conference, organized by Africa Oil & Power.

Angola made another stride today in becoming Africa’s hottest oil & gas frontier by launching the first phase of its brand new six-year oil licensing strategy.

With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those changes take time and renewed deep-water oil and gas exploration for fresh reserves will take years to yield the desired results and stop the daily production crunch.