This year looks decisive for President João Lourenço after his finance team agreed a three-year reform programme with the international monetary fund and credits worth $3...
In what is set to be a gargantuan legal battle stretching over many years the government of President João Lourenço is stepping up action to recover several billion dollars in assets that it says were fraudulently transferred out of Angola by the family of former President José Eduardo dos Santos and his political allies...
The trial is viewed as part of President João Lourenço's purge from positions of influence of relatives and allies of his predecessor...
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One deal involved a quota donated by Namibia to Angola via front company Namgomar – supposedly a government-to-government joint venture – headed by Shanghala and João de Barros the son of the former Angolan fishing minister Victória de Barros Neto; she was sacked by President João Lourenço in January although it is not known if this was related to the scam...
With sweeping promises of a multi-billion-dollar privatisation programme including the state oil company Sonangol President João Lourenço attracted top diplomats and business people to the Council on Foreign Relations (CFR) in New York on 23 September...
Vol 60 No 12 |
- CONGO-KINSHASA
Six heads of state attended including Rwandan President Paul Kagame Angolan President João Lourenço and Congo-Brazzaville President Denis Sassou Nguesso which was five more than attended the inauguration of Tshisekedi's son Félix Tshisekedi as President in January...
Congolese securocrats say the move is blessed by Congo-K's president Félix Tshisekedi who discussed the neutralisation of armed groups in Congo-K at meetings in Kinshasa with presidents Paul Kagame of Rwanda and Angola's João Lourenço on 31 May...
Saturnino replaced the billionaire Isabel dos Santos as CEO of the state oil company in late 2017 only two months after President João Lourenço took office in what was then seen as one of his boldest moves against the business and patronage network built during the 37-year reign of his predecessor José Eduardo dos Santos (AC Vol 58 No 24 Dos Santos clan targeted)...
Vol 60 No 3 |
- ECONOMY
- AFRICA
Even with oil-producer Angola predicted to recover from a disappointing negative-growth 2018 during President João Lourenço's second full year in power its projected 2...
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João Lourenço will consolidate his power in 2019 cashing in on his popularity and position as President of both the country and the ruling Movimento Popular de Libertacão de Angola (MPLA) to weed out the last tendrils of the network of influence of his predecessor José Eduardo dos Santos...