Angola Christian Sect killings Shrouded in Fear & Mystery
MOUNT SUMI, Angola (Reuters) – The only traces of thousands of Angolan Christian sect members who were camped in these hills are burnt-out vehicles, shacks pocked with bullet holes and bloodstains in the soil. The details of a police raid on April 16 in the remote hills of central Huambo province have been fiercely contested, […]
Poverty in Oil-Rich Angola Feeds World’s Worst Child Death Rate
Disinfectant and crying wafted across the Angolan hospital ward where 2-year-old Fernanda Afonso slept in the lap of her mother near an empty intravenous bag that had been used to fight her malnutrition. It’s the same affliction that killed all five of her siblings as toddlers and scars Africa’s second-biggest crude oil producer with the […]
More barrels for OPEC member Angola
MILAN, Italy — Italian energy company Eni announced Tuesday it was ahead of the curve with what its partners described as a breakthrough operation offshore Angola. Eni holds a 20 percent stake in a section of the Kizomba project off the coast of Angola. The Italian company said production there has started ahead of schedule. […]
Mota-Engil Africa expects flat revenues as it reaches beyond Angola
Mota-Engil Africa, the Africa-focused unit of Portugal’s largest builder, said it expected turnover to be flat this year as it continued to diversify away from its traditional home market of Angola. Posting its first annual results since listing in Amsterdam last November, the company said on Monday it had made earnings before interest, tax, depreciation […]
Angola and Saudi Arabia To Strengthen Cooperation
Riyadh — Angola and Saudi Arabia intend to increase the level of bilateral cooperation between the two countries, especially in the economic sector, in addition to the existing cooperation in the domain of the Organization of Petroleum Exporting Countries (OPEC), Angop has learnt on Monday from an official source. According to a press note from […]
Angolan journalist ‘close to settling’ with generals he accused on blood diamonds
Rafael Marques de Morais is hopeful charges against him will be reduced in a settlement over his book Blood Diamonds: Corruption and Torture in Angola A leading Angolan journalist facing 24 charges of criminal defamation over his investigation into killing and torture at the country’s diamond mines is hopeful that all but three will soon […]
Angola seeks $10bn for infrastructure
Angola, Africa’s second-largest oil producer, is seeking to raise up to $10bn from foreign creditors as it attempts to push ahead with key infrastructure projects in the face of severe headwinds triggered by the collapse in crude prices. The southern African nation has slashed its budget for the year by a quarter, or about $15bn, […]
Angola Negotiates $500 Million Societe Generale Line of Credit
Angola, sub-Saharan Africa’s third-largest economy, is negotiating a $500 million line of credit with Paris-based Societe Generale SA as it struggles to cope with plunging oil revenue. President Jose Eduardo dos Santos issued a decree April 8 approving a framework agreement for the Finance Ministry to secure the loan, according to the government gazette. The […]
Angola could become a mining powerhouse
The government of Angola wants the country to become a mining powerhouse in Africa in order to attract more private investments that contribute to the diversification of the economy, said Friday in Luanda the minister of Geology and Mining. Francisco Queiroz, who was speaking during a debate on the impact of investment in the mining […]
Angola’s journalist de Morais charged over accusing military generals of links to the “blood diamond”
A renowned Angolan journalist has been put on trial on charges of defaming military generals after he accused them of links to the “blood diamond” trade.Rafael Marques de Morais accused seven generals of being linked to murder, torture and land grabs in Angola’s lucrative diamond fields.Several people were reportedly arrested for protesting against the trial.Mr […]
