Angola economy, currency has suffered from drop in oil prices IMF completed a mission to Angola earlier this month Angola said it no longer wants to continue talks with the Continue Reading
Offshore Oil Rig Angola’s state-run oil giant Sonangol, recently taken over by the president’s daughter, has announced a gas discovery in the offshore Kwanza Basin that could hold 813 million Continue Reading
Isabel dos Santos — the richest woman in Africa, the Angolan president’s daughter and now the CEO of the country’s state-run oil giant — on Monday said she plans to Continue Reading
Angolan state-owned oil company Sonangol said a report about a $50 billion shortfall in its accounts is “absolutely false.” Angolan newspaper Valor Economico reported on Monday that international consultants hired Continue Reading
Twelve Angolan lawyers have decided to block the appointment of the President’s daughter as a non-executive administrator of the state-owned oil firm Sonangol. President José Eduardo dos Santos, 73, who Continue Reading
Isabel dos Santos Long-time Angolan President Jose Eduardo dos Santos has appointed his daughter to lead the oil-rich country’s state-run oil giant Sonangol after firing the entire board and replacing Continue Reading
Angolan President Jose Eduardo dos Santos tightened his family’s grip on sub-Saharan Africa’s third-biggest economy two years before he has indicated he’ll leave office by naming his billionaire daughter Isabel Continue Reading
President Jose Eduardo dos Santos has appointed the Board of Directors of Sonangol, reports the country’s National State Radio (RNA) . Isabel dos Santos is now at the head of Continue Reading
The crash in the price of oil has hit Angola hard. Hospitals across the country are low on resources, including medicines. There are food shortages in the North, drought in Continue Reading
Rebels in Angola’s oil-rich Cabinda region said they’re resuming an armed campaign to gain independence for the enclave after the government failed to respond to its request for talks. The Continue Reading
