dos santos

Bribes Lose Their Fizz as Angolan Leader Fights Corruption

Bribes Lose Their Fizz as Angolan Leader Fights Corruption

Corruption used to be so widespread in Angola that “gasosa,” the Portuguese word for a fizzy drink, became a common term for bribes. Now, President Joao Lourenco is on a drive to change that -- and
Lourenco Proves He's No One's Puppet in Angola

Lourenco Proves He's No One's Puppet in Angola

Shortly after becoming president of Angola in September, Joao Lourenco did something completely unexpected: he stopped at a red light.
Angola President Fires Predecessor's Son as Wealth Fund Head

Angola President Fires Predecessor's Son as Wealth Fund Head

Angolan President Joao Lourenco dismissed the son of his predecessor Jose Eduardo dos Santos as chairman of the country’s $5 billion sovereign wealth fund, further loosening the grip of the Dos Santos
Angolan Leader Denies Targeting Predecessor's Family in Shake-Up

Angolan Leader Denies Targeting Predecessor's Family in Shake-Up

Angolan President Joao Lourenco denied he’s targeting the family of his predecessor, Jose Eduardo dos Santos, whose eldest daughter was among hundreds of officials fired after he took the helm of
Angola to Offer Grace Period to Recover Overseas Funds

Angola to Offer Grace Period to Recover Overseas Funds

Angola will set a moratorium in January to allow citizens with money abroad to repatriate their funds, as the oil-producing country struggles to ease an acute dollar shortage that began soon after oil

Angola Too Small for Four Phone Operators, Dos Santos Says

Angola’s plan to allow a fourth telecommunications company to enter the market will make life tougher for existing operators and probably lead to consolidation, according to Isabel dos Santos,
Angola Gem Firm Distances Itself From Former President’s Family

Angola Gem Firm Distances Itself From Former President’s Family

An Angolan state-owned diamond company is pulling out of an investment in a Swiss firm controlled by the husband of the billionaire daughter of the former president, as the country’s new leader
Angola Plans to Open Up Telecoms Industry to Foreign Bidders

Angola Plans to Open Up Telecoms Industry to Foreign Bidders

Angola plans to sell a minority stake in a state-owned telecommunications provider and hold an auction for a fourth industry operator as new President Joao Lourenco shakes up the business environment
Sonangol's Fired Boss Said She Leaves $2 Billion in Reserves

Sonangol's Fired Boss Said She Leaves $2 Billion in Reserves

Isabel dos Santos, Africa’s richest woman, said Sonangol will be left with a financial reserve of $2 billion after she leaves as chair of Angola’s state-owned oil company.
Angola’s President Fires Dos Santos’ Daughter as Sonangol Boss

Angola’s President Fires Dos Santos’ Daughter as Sonangol Boss

Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of state-owned oil company Sonangol as he takes aim at the family of former President Jose Eduardo dos Santos.
Angola's Dos Santos Family Under Pressure to Give Up Key Posts

Angola's Dos Santos Family Under Pressure to Give Up Key Posts

The children of former Angolan President Jose Eduardo dos Santos are facing increasing pressure to step down from key posts, two months after the first leadership change in Africa’s second-biggest oil