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The president of Angola, Joao Lourenco, has fired the daughter of his predecessor as head of the country’s state oil company Sonangol.

Isabel Dos Santos, the billionaire daughter of former President José Eduardo dos Santos, is Africa’s richest woman. 177 more words

World News

IMF team says Angolan economy enjoys a mild recovery this year but significant macroeconomic imbalances remain

The Angolan economy is enjoying a mild recovery this year but significant macroeconomic imbalances remain, says a visiting International Monetary Fund (IMF) team led by Ricardo Velloso. 251 more words

Development

Angolan President Sacks Head Of The National Oil Company Isabel dos Santos

Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday in a dramatic move against the family of the former president. 172 more words

Africa

Africa Oil & Gas: Isabel dos Santos dismissed from Sonangol, deputy oil minister appointed new CEO

The former Sonangol executive committee chairman, Carlos Saturnino, held the post of Secretary of State for Petroleum, after being removed by Isabel dos Santos from the Angolan oil company, accused of mismanagement and serious financial diversion. 337 more words

Mozambique Oil And Gas Industry

Africa Oil & Gas: Angola increases October oil production, fails OPEC pact

Angolan oil production reversed the declines and rose sharply in October, equivalent to 69,800 barrels per day, rejoining leading Nigeria at the top of African producers, but “sticking” the agreed limit with OPEC. 316 more words

Mozambique Oil And Gas Industry

Africa Oil & Gas: "Floating LNG could help Angola" - report

Angola’s upstream capex nosedived with the oil price, so output could follow suit from 2019, but gas offers a budgetary solution for the export-dependent country if it can offer acceptable terms. 108 more words

Mozambique Oil And Gas Industry

Nigerians export kidnapping , Angola arrests three

Angolan authorities in Huíla Province in the southwest have arrested three Nigerian nationals allegedly for kidnapping a Chinese, local media confirmed.

According to Jornal de Angola, the Nigerians had also robbed the Chinese of $11,700 (Kwanzas 12m) over ransom demand. 137 more words

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