José Eduardo dos Santos News

Angola’s President José Eduardo dos Santos

Angola's President Dos Santos anoints Deputy Lourenco

Angola’s long-time President Jose Eduardo dos Santos has confirmed he will step down before August’s poll and has announced his likely successor.

Jose Filomeno de Sousa dos Santos, Chairman of FSDEA

Angola sovereign wealth fund FSDEA says half of investments in private equity

Angola’s sovereign wealth fund said it put more than half of its investments in private equity funds focused in the country and across sub-Saharan Africa last year, describing its performance as “solid,” particularly in light of the global economic turbulence.

The businessman and art collector Sindika Dokolo in Porto, Portugal. Credit Patricia de Melo Moreira for The New York Times.

Husband of one of Africa's richest women fights for African art

Sindika Dokolo, a Congolese businessman and art collector, is on a crusade to force Western museums, art dealers and auction houses to return Africa’s art, particularly works that might have been removed illegally during the colonial era.

President Jose Eduardo Dos Santos (Left) walks with his French counterpart Francois Hollande by guards of honor at the Presidential Palace in Luanda on July 3, 2015 (AFP Photo/Alain Jocard)

France & Angola sign business deals from oil to hotels

France and Angola on Friday signed business agreements covering a wide range of economic sectors from oil to hotels, which are potentially worth several hundred million dollars, French officials said.

Angola’s $750 Million Sugar-to-Fuel Project to Start in June.

Angola's $750M Sugar-to-Fuel Project to Start in June

A $750 million project to produce ethanol and sugar in Angola will start next month after a year of delays as costs rose 50 percent on a plantation larger than Montreal.

Jose Filomeno de Sousa dos Santos, Chairman of Fundo Soberano de Angola (FSDEA), Angola's sovereign wealth fund

Angola's sovereign wealth fund allocates further $1.4B to Africa projects

Angola’s sovereign wealth fund said on Monday it was allocating $1.4 billion to five new vehicles that will invest in sectors such as mining, timber, agriculture and healthcare within the country and elsewhere in Africa.

Central Bank of Angola (CBA)

Angola appoints new central bank deputy governors

Angola’s President Jose Eduardo dos Santos has appointed Cristina Dias Van-Dunem and Gualberto Lima Campos as deputy central bank governors, the central bank said.

Cell C

Cell C Said to Weigh Sale to South African Wireless Carriers

Cell C Pty Ltd. is exploring options for the third-largest South African wireless carrier including a sale to domestic competitors, according to two people familiar with the matter.

Jose Eduardo dos Santos, President of Angola

Angola's economy set to slow as oil prices collapse

Angola’s oil-dependent economy is set to slow this year, key infrastructure projects will be shelved and swathes of social spending are facing the chop as a global crude price slump takes its toll on Africa’s second-biggest producer.

Jose Pedro de Morais, new Governor of the Central Bank of Angola (CBA)

Angola appoints Jose Pedro de Morais as new central bank governor, replacing Jose de Lima Massano

Angola‘s President Jose Eduardo dos Santos has replaced central bank Governor Jose de Lima Massano with Jose Pedro de Morais, the official news agency Angop said on its website.

Jose Eduardo dos Santos, Angola's President

Angola to further cut fuel subsidies in 2015 on low oil prices, says President Jose Eduardo dos Santos

Angola, Africa largest oil producer behind Nigeria, plans to keep decreasing fuel subsidies next year after it raised gasoline and diesel prices by 20 percent last week, President Jose Eduardo dos Santos said.

Nadir Tati

Nadir Tati: The Angolan Designer That Sells $10,000 Dresses

It’s the African cash cow that produces oil, diamonds and more recently, fashion.

Folorunsho Alakija of Nigeria is the richest black woman in the world, ahead of Oprah Winfrey, with a personal fortune of $7.3bn from oil and gas. Photograph: Bennett Raglin/Getty Images

Nigerian billionaires dominate African rich list with £49B ($78B) between them

Nigeria has more billionaires than any other country in Africa, including the continent’s wealthiest man and the world’s richest black woman, according to a ranking published this week.

Luanda, Angola

Angola's $5B sovereign wealth fund nearing African, global private equity-style deals

Angola’s fledgling sovereign wealth fund has identified direct investments in sub-Saharan Africa, and is poised to start deploying up to a third of the $5 billion it has been endowed by the government, its chairman said.

Jose Filomeno de Sousa dos Santos

An interview with Jose Filomeno de Sousa dos Santos, Chairman of Fundo Soberano de Angola, Angola's sovereign wealth fund

Since 1979, the Dos Santos family has ruled over Angola, Africa’s second largest oil producer after Nigeria.

Construction cranes operate among new skyscrapers being built in the business district of Luanda, Angola

Angola’s $7 Billion Waterfront Project Seeks to Attract Hilton Hotels

Builders of a $7 billion waterfront development in Angola’s capital, Luanda, are seeking to attract an international hotelier such as Hilton Worldwide Holdings Inc. (HLT) to boost the profile of the project.

Pray for Portugal

Portugal indebted to Angola after economic reversal of fortune

The cash-strapped European nation is coming to terms with effects of heavy investment from its oil-rich former colony.

Jose Eduard Dos Santos, President of Angola

Angola to Buy Trains & Power Generators From GE in $1B Deal Financed by US Ex-Im Bank

Angola’s government plans to buy trains and power generators from General Electric Co. (GE) worth about $1 billion in a deal financed by the Export-Import Bank of the U.S., the lender’s president said.