Angola

Amid much fanfare, Luanda formally launched its US$5 billion Fundo Soberano de Angola on 17 October. The Fsdea was formed from the Fundo Petrolifero set up by the...

The new cabinet sees some surprising departures but like previous reshuffles, appears to be all about loyalty to President José Eduardo dos Santos.

Angola has spent £220 million (US$356 mn.) from funds ostensibly intended for long-term investment in the national infrastructure on a ‘trophy’ property in Mayfair, London. Plaza Global Real...

The Constitutional Court has rejected the challenges by opposition parties claiming fraud during the 31 August elections and has endorsed President José Eduardo dos Santos’s first formal electoral...

The Movimento Popular de Libertação de Angola won the general elections with 72% of the vote after spending more than US$75 million on its campaign. The opposition, which...

Eight years after it was first proposed, the government is bringing in a law that will force oil companies to pay their suppliers through banks inside Angola. The...

The Movimento Popular de Libertação de Angola (MPLA) is pouring millions into a lavish campaign to ensure overwhelming victory in the general elections on 31 August. The team behind President...

After 2008’s electoral drubbing, the União Nacional para a Independência Total de Angola (UNITA) is now far better organised, winning respect for its sustained pressure on the electoral commission, and surprising...

Russian-Israeli billionaire Arkady Gaydamak failed to convince the London High Court he had a case against diamond-dealer Lev Leviev in mid-June. Ever since, analysts have been poring over...

Lev Leviev's interests in neighbouring Namibia could suffer as a result of the British High Court proceedings in June, especially from the judge's critical remarks about his credibility...

Angola’s habit of compelling foreign oil companies to work with secretive local companies that belong to top government officials is attracting increasing criticism – and compliance risks at...

The battle of the oligarchs in London’s High Court ended on 29 June. Arkady Gaydamak and Lev Leviev fought over millions of dollars in Angolan diamond sales.

Luanda has finally announced that general elections will take place on 31 August. They’ll be the first where the winning party chooses the president directly: the head of...

After four decades of the struggle for independence in the oil-rich Cabinda enclave, the last fighting faction has launched an offer of peace talks. The octogenarian, exiled leader...

A doughty campaigner, Angolan journalist Rafael Marques de Morais, has launched a formal complaint against three top officials close to the presidency for taking personal stakes in oil...

In its annual disclosures (also known as the 10-K Form) to the Securities and Exchange Commission in New York on 31 December 2010, United States-registered Cobalt reported that...

The coming battle between two gemstone plutocrats in London’s High Court could embarrass Angola’s secretive diamond marketing organisation, Angola Selling Corporation (Ascorp). Uzbekistan-born Israeli diamond magnate Lev Leviev,...

China may advocate a policy of non-interference, but that did not stop it taking a pretty prominent place in Angola’s 31 August elections, from the campaign trail and...

Several recent court cases – some stretching across two continents – highlight the corruption and criminality that accompany the rapid influx of Chinese investment and workers into Angola....

A wage dispute at an Angolan building site in Chindonga, a sleepy town in Kwanza Sul, is causing a storm in India.

The government is under pressure to speed up construction projects to meet its promise to build a million houses in four years, ahead of September’s elections. The Nova...

The Beijing government and China International Fund may be separate entities but the multiple links between the two become clearer with each new project. Two of the CIF’s...