Angola: CNN Accepts Ads From Corrupt Regime

[Fahamu] The company contracted to market Angola overseas is owned by the president's children. While two-thirds of the population survives on less than $2 a day, the president and his protégés plunder the country.

Two Americans detained in Angola over failed rap concert

Two American music promoters were detained for fraud in Angola after US rap star Nas failed to pitch up for a New Year's concert, their business partner's lawyer said Thursday.

Angola coach hails true champions after early exit

By Brian Homewood MALABO (Reuters) - Angola coach Lito Vidigal appeared to be talking about the wrong team when he described his players as "fantastic" and "true champions" following their first round Nations Cup exit. The Palancas Negras (Sable Antelopes) left a poor impression on the field and an ugly one off it as they lost out to Sudan in the race to finish second in Group B behind the Ivory ...

Angola out of African Cup after 2-0 loss to ICoast

Angola was eliminated from the African Cup of Nations on Monday after a 2-0 loss to already-qualified Ivory Coast allowed Sudan to squeeze into the quarterfinals. Emmanuel Eboue scored in the 32nd minute and Wilfried Bony added a second in the 64th as cup favorite Ivory Coast sealed a third straight victory and first place in Group B.

Angola accounting for $32 bn gap in budget: IMF

Angola is making "concerted efforts" to explain a $32 billion gap in the government's accounts, which apparently was caused by undocumented spending on infrastructure projects, the IMF said Wednesday.

Angola's Dos Santos moves Sonangol CEO to government

LISBON (Reuters) - Angola's president has moved the head of state oil firm Sonangol into the government to coordinate economic policy, state news agency Angop reported, a move likely to fuel speculation that Manuel Vicente has been selected to succeed Eduardo dos Santos. In September, weekly newspaper Novo Jornal cited ruling MPLA party sources as saying that Dos Santos had selected Vicente, 55 ...

Angola approves Sonangol CEO exit in election year

LISBON (Reuters) - Angola's government on Monday approved a decree by President Jose Eduardo dos Santos for the departure of Manuel Vicente from his role as chief executive of state oil firm Sonangol, state news agency Angop reported. The government did not provide any detail on the reasons behind the decision, but Vicente's departure from the company is likely to fuel speculation that he has ...

Angola’s top officials reap the cream

Lobby groups want multinational companies to stand against a government that bends the rules.

Angola seeks to shake up, grow Portugal BCP bank: report

LISBON (Reuters) - Angola's state-controlled oil company Sonangol -- the largest single shareholder in Portugal's Millennium bcp -- wants the bank to gain global scale in a restructuring that involves a management shakeup, Expresso weekly said on Saturday. The lender -- Portugal's largest by assets -- is hampered at home by the country's debt crisis and deep austerity imposed by a 78-billion ...

Angola 'actors' want to present different picture

Angola tackle Sudan in the Africa Cup of Nations Thursday wanting to silence critics who claim they are a route-one team of Hollywood 'actors'.