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Angola

  • Monday, 2 December, 2024
    News in-depthUS foreign policy
    Biden embarks on first and final Africa trip as US president with Angola visit

    African allies concerned incoming Trump administration will take stronger line on trade and security ‘reciprocity’

    João Lourenço shakes hands with Joe Biden
  • Thursday, 28 November, 2024
    Angola removes sanctioned Alrosa from its diamond mines ahead of US visit

    Russian state company’s 41% stake was sold to an Omani-backed investment fund Maaden

    US President Joe Biden hosted Angolan President João Lourenço at the White House in November 2023
  • Wednesday, 28 August, 2024
    Boston Consulting Group Inc
    BCG admits it paid bribes to win consulting business in Angola

    US firm will give back $14mn in profits after agreement with Department of Justice

    Boston skyline showing Tobin bridge
  • Tuesday, 2 July, 2024
    FT Investigations
    How a London fund with a thorny history in Russia won global influence

    Gemcorp’s past activities in Africa appear aligned with the Kremlin’s strategic priorities. Now it has senior Conservatives on the payroll

    Pictures of Sergei Chemezov, Sergei Adoniev, Lord Gerry Grimstone, Lord Edward Lister and Atanas Bostandjiev
  • Wednesday, 8 May, 2024
    Angola agrees deal with Chinese state bank to ease debt crunch

    Africa’s second-biggest oil producer unlocks cash from a Chinese-controlled account to pay interest on a crucial loan

    Daves de Sousa gestures during an interview in 2023
  • Thursday, 21 December, 2023
    Opec
    Angola quits Opec after clashes with Saudi Arabia

    Africa’s second-biggest oil producer exits cartel amid row over production targets

    Refinery operated by Angola state oil company Sonangol
  • Tuesday, 12 September, 2023
    Dance
    Kizomba culture is a life-enhancing expression of Angola’s diaspora

    The Kizomba Design Museum festival in São Paulo celebrated the dance, music and more created in Portugal’s former colonies

    Two women dance together in a street; behind them other couples are dancing
  • Thursday, 25 August, 2022
    Angola president to be re-elected with reduced majority

    João Lourenço close to extending term but opposition will make allegations of vote-rigging

    The media await the results of the Angola election in Luanda on Thursday evening
  • Wednesday, 24 August, 2022
    News in-depth
    ‘People openly mock them’: Angola’s elite face electoral backlash

    Support for opposition party has risen among young people disaffected with João Lourenço’s MPLA

    Unita supporters at a rally in Caxito, Bengo province
  • Friday, 8 July, 2022
    Angola’s former strongman José Eduardo dos Santos dies

    Ex-president controlled one of Africa’s biggest oil-producing nations with an iron hand for 38 years

    José Eduardo dos Santos
  • Thursday, 16 June, 2022
    Mining
    Angola seizes stake in diamond miner

    Move marks waning of Chinese influence in southern African nation

    The Catoca open-cast diamond mine in Angola
  • Thursday, 9 December, 2021
    Bribery and corruption
    US places visa restrictions on Isabel dos Santos for alleged corruption

    Africa’s richest woman among those targeted in measures unveiled by Biden administration

  • Thursday, 21 October, 2021
    Angola is nearing end of its long recession, finance minister forecasts

    Vera Daves de Sousa says oil-dependent economy will rebound from double hit of low oil prices and pandemic

  • Wednesday, 20 October, 2021
    Andres Schipani27 min
    Angolan president sets out plan to overcome ‘economic storm’

    João Lourenço talks about corruption, economic and democratic reforms at FT Africa Summit

  • Tuesday, 19 October, 2021
    The Big Read
    African politics: Lourenço pledges to end Angola’s economic ‘storm’

    The oil-dependent economy is struggling despite a package of reforms from the president and a promise to fight corruption

  • Tuesday, 28 September, 2021
    Trafigura
    Trafigura paid $390m in share deal with Angola’s ‘General Dino’

    Price highlights costs of unwinding one of commodity group’s most controversial relationships

    Trafigura logo
  • Monday, 24 May, 2021
    LexEmerging market investing
    Frontier bonds/inflation: investments on the edge of reason Premium content

    Assets’ modish qualities as inflation hedges come at a price — linkage to the commodity cycle

    A floating production storage and offloading vessel operated off the coast of Angola by Total
  • Monday, 29 March, 2021
    Isabel dos Santos
    Africa’s richest woman says she was targeted in ‘personal vendetta’

    Isabel dos Santos cites secret recordings in court filing as she says Angolan president targeted her

  • Wednesday, 11 November, 2020
    Angola sharpens fight to recover stolen cash as debt pressure mounts

    Corruption probes launched while president battles popular discontent at Africa’s biggest borrowing crisis

    President João Lourenço estimates the scale of the looting from Angola to be at least $24bn
  • Sunday, 30 August, 2020
    News in-depthEmerging markets
    China strikes debt deals with poor nations under G20 scheme

    Half of requests to defer payments have been agreed — but key Angolan test awaits

  • Sunday, 9 February, 2020
    Mining
    Angola’s state diamond group seeks global partners to become a top 3 producer

    Endiama chief wants ‘radical change’ in overhaul of country’s scandal-hit gem industry

    LUANDA, ANGOLA - JANUARY 30: A shanty town is seen next to Endiama E.P. (Empresa Nacional de Diamantes E.P.), the national diamond company of Angola, on January 30, 2020 in Luanda, Angola.Businesswoman Isabel dos Santos is the daughter of the former President of Angola - Jose Eduardo dos Santos. Forbes Magazine put her fortune at $2.1billion making her the richest woman in Africa. How she made her fortune has come under scrutiny as international media using information from the Luanda Leaks have revealed how, during his presidency, her father sanctioned her acquisition of stakes in Angolan industries including banking, diamonds, oil and telecoms. In December 2019 the Angolan Courts froze Dos Santos's stakes in Angolan companies as it bought a case against her regarding funds owed to the state oil firm. (Photo by Luke Dray/Getty Images)
  • Monday, 27 January, 2020
    Isabel dos Santos
    Football hacker claims responsibility for Isabel dos Santos leaks

    Whistleblower awaiting trial for targeting top clubs also provided files on Africa’s richest woman

    (FILES) In this file photo taken on March 5, 2019 Football Leaks whistleblower Rui Pinto (C) is escorted by judicial officers as he arrives at the Metropolitan Court in Budapest, Hungary, for his trial. - The Portuguese Rui Pinto, "hacker" behind the scandal of "Football Leaks", is also the source of "Luanda Leaks" on the alleged fraudulent origin of Angolan Isabel dos Santos' fortune, his lawyers revealed on January 27, 2020. (Photo by FERENC ISZA / AFP) (Photo by FERENC ISZA/AFP via Getty Images)
  • Thursday, 23 January, 2020
    Bribery and corruption
    Portuguese banker named in Isabel dos Santos probe found dead

    Suspected suicide comes as Angolan billionaire indicted for money laundering

    MAIA, PORTUGAL - 5 FEBRUARY, 2018:Isabel dos Santos.Economy Minister Manuel Caldeira Cabral presides over the inauguration of Efacec's new electric mobility industrial unit. The session, was attended by the majority shareholder of Efacec, Isabel dos Santos.This industrial unit, located in Maia, will allow to increase the annual production capacity of fast loaders for electric vehicles, a segment in which Efacec is a world leader.
  • Thursday, 23 January, 2020
    Trafigura
    Trafigura aims to buy Puma Energy stake from retired Angolan general

    Commodity trader hopes deal will help attract more lenders to fuel supplier

    FILE PHOTO: The Trafigura logo is pictured at the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/Denis Balibouse/File Photo
  • Monday, 20 January, 2020
    Bribery and corruption
    Global firms under scrutiny in Isabel dos Santos alleged corruption leak

    McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire

    FILE PHOTO: Isabel Dos Santos, daughter of Angola’s former President and Africa's richest woman, sits for a portrait during a Reuters interview in London, Britain, January 9, 2020. Picture taken on January 9. REUTERS/Toby Melville/File Photo
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