Monday 21 August 2017
(Bloomberg 08/18/17)
Angolan ruler Jose Eduardo dos Santos will keep his grip on power if his party wins elections this month, even as he steps down as president after 38 years in office, according to the country’s main opposition leader. The ruling Popular Movement for the Liberation of Angola has picked 63-year-old Defense Minister Joao Lourenco as its presidential candidate for the Aug. 23 vote. Dos Santos will remain the party’s chairman and has appointees in the security services that will probably stay in their posts under a new law passed by parliament last month. After decades as president, Dos Santos is now set to direct the government from behind the scenes, according to Isaias Samakuva, head...
(Bloomberg 08/14/17)
The U.S. will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man. Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest countries in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump administration will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital. “It’s quite clear that they won’t make those drastic cuts,” Gates said. “I’m hopeful they won’t make any cuts at all, but that’s still subject to...
(AFP (eng) 08/10/17)
The skull of an infant ape buried by a volcano 13 million years ago has preserved intriguing clues about the ancestor humans shared with apes -- including a likely African origin, scientists said Wednesday. A previously-unknown creature that shared an extended family with the human forefather, had a flat face like that of our far-flung cousin the gibbon, but did not move like one, its discoverers wrote in the journal Nature. They named it Nyanzapithecus alesi after "ales" -- the...
(Xinhuanet 08/09/17)
The United States Trade Representative (USTR) on Wednesday affirmed the commitment of his country to Africa and saw "great potential to grow and deepen trade relationship." Robert E. Lighthizer expressed this in opening speech of the ministerial plenary as part of the 16th Forum of the Africa Growth and Opportunity Act (AGOA), on Wednesday here in Togolese capital Lome. "The United States is committed to Africa. We see great potential to grow and deepen our trade relationship, with the goal...
(Angola Press(En) 08/08/17)
The Angolan mining and geology sector is as from now more competitive than other African countries with the inauguration of the Laúca Dam in northern Malanje province. This was said Sunday in Cacuso, Malanje, by the minister of Geology and Mining, Francisco Queiroz. According to the minister, the construction of the Laúca Dam has an extraordinary value as the power it will generated will favor the emergence of great projects in the mining sector. The increase in the production of...
(Angola Press(En) 08/08/17)
The opposition UNITA presidential candidate Isaias Samakuva Monday in eastern Lunda Sul province conveyed his political strategy guidelines to ensure the victory in the general elections of 23 August. The politician, who arrived in Lunda Sul on Sunday to stage his party's election campaign, toured the "Candembe" and "14" Markets in the province's capital, Saurimo city. In his direct contact with the vendors, the president of the main opposition party spoke of his strategy to promote entrepreneurship. Samakuva learnt of...
(Macauhub 08/08/17)
The Angolan company Aenergia, established in 2012 and a partner of the American General Electric group, has been contracted by the Angolan government to supply solar power equipment for use in remote areas of the country, per the terms of a presidential authorisation. The US$114.2 million deal covers the supply and installation of industrial generators, home generators and photovoltaic generation kits, as well as technical assistance. The contract with the Energy and Water Ministry includes the supply of equipment to...
(Angola Press(En) 08/08/17)
National and foreign election observers that will monitor the general election on August 23 this year will benefit from a capacity building seminar in the coming days. The information was released on Sunday in Luanda by the CNE spokeswoman, Júlia Ferreira, during the start-up of the accreditation process ceremony of the electoral observers, having estimated that the event will take place August 21. She stressed that during the seminar, the electoral observers will be trained on judicial and legal issues,...
(Reuters (Eng) 08/08/17)
Tuesday's action at the World Athletics Championships sees two of the most intriguing races of the program as South Africa's Wayde van Niekerk bids for the first half of his 400/200 meters double and Nigel Amos goes for gold in the men's 800m. World record holder and defending champion Van Niekerk should be unbeatable in the 400m but faces a stiff challenge, not least from Botswanan duo Isaac Makwala and Thebe Baboloki. Another Botswanan, Amos, will also have to be...
(AFP (eng) 08/05/17)
Angolan President Jose Eduardo dos Santos, who steps down from office at the end of this month, on Friday officially opened the country's largest hydro-electric dam. Being built by Brazilian conglomerate Odebrecht at an estimated cost of $4.3 billion, it is designed to produce 2,070 megawatts and aims to reduce power outages in Angola, a major oil producer. It will be one of the most powerful plants on the African continent and the first two of six turbines on the...
(Xinhuanet 08/03/17)
Trade between China and Africa reached 85.3 billion U.S. dollars in H1, surging 19 percent year on year as the two sides strengthened cooperation in a wide range of areas, official data showed Thursday. The data reversed the negative growth trend since 2015, according to Gao Feng, spokesperson with the Ministry of Commerce. During January-June, Chinese imports from Africa, including minerals, agricultural products and fruits, amounted to 38.4 billion U.S. dollars, jumping 46 percent from the same period last year,...
(Reuters (Eng) 08/02/17)
Odebrecht SA, the Brazilian conglomerate selling assets in the wake of a corruption scandal, has agreed to sell a 16.4 percent stake in the world's No. 4 diamond mine to a partner, a person with direct knowledge of the transaction said on Tuesday. According to the person, Odebrecht decided to exit Sociedade Mineira de Catoca Lda to raise cash to meet a 12 billion-real ($3.84 billion) asset sale goal for year-end 2018. State-controlled Empresa Nacional de Prospecção, Exploração, Lapidação &...
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys...
(AFP (eng) 08/01/17)
Angola has agreed to allow just four experts from the European Union to monitor its elections later this month, officials said Monday, after a dispute over access to polling stations and other conditions. Two weeks ago, the Angolan government rejected any EU observer mission, but it agreed to the small number of monitors after extended talks. "The EU will only send a small mission of experts to mark its presence in Angola during the electoral process," a European diplomatic source...
(Financial Times 08/01/17)
Profits at BP fell by 5 per cent in the second quarter, compared with last year, as the UK oil and gas group paid the price for a cancelled project in Angola. However, the earnings comfortably exceeded analysts’ consensus expectations, adding to the forecast-beating results from BP’s European peers Royal Dutch Shell and Total last week. Profits on a replacement cost basis — the main measure tracked by analysts — was $684m, down from $1.5bn in the first quarter and...
(Reuters (Eng) 08/01/17)
This is after Luanda failed to agree to a package of conditions, including access to all parts of the country during the poll, an EU spokesperson said. The European Union has scrapped plans to observe elections in Angola next month, after Luanda failed to agree to a package of conditions, including access to all parts of the country during the poll, an EU spokesperson said on Friday. The EU expects instead to send a smaller team of experts to assess...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands...
(Angola Press(En) 07/31/17)
The presidential candidate of the ruling MPLA, João Lourenço, last Sunday afternoon pledged to build a country with less inequalities and reduce poverty. Speaking at the party's radio campaign spot, in the ambit of the upcoming 23 August polls, João Lourenço explained that a more just country will be achieved through the good use of the resources of each district, municipality and province, as well as through investments that guarantee employment. He went on to say that the reconstruction process is in progress already, with highlight on demining, construction of roads, bridges, hospitals, schools and the re-launch of Angola's economy.
(Bloomberg 07/28/17)
Jose Eduardo dos Santos is set to maintain control from behind the scenes when he steps down as Angola’s president next month after almost four decades in office. Dos Santos will until at least 2018 still be leader of the Movement for the Liberation of Angola, or MPLA, the party that has ruled the southern African nation since its independence from Portugal in 1975. And, this month the government pushed a law through parliament that may enable his appointees to...
(Reuters (Eng) 07/28/17)
Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said on Thursday. The Securities and Exchange Commission said Halliburton's former vice president, Jeannot Lorenz, separately agreed to pay a $75,000 penalty in connection with the alleged violations of the Foreign Corrupt Practices Act. Both the company and Lorenz are settling the case without admitting or denying the...

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