THE ANGOLA REPORT - DECEMBER 10, 2021
US SANCTIONS ANGOLAN BILLIONAIRE ISABEL DOS SANTOS FOR CORRUPTION
The United States sanctioned Angolan billionaire Isabel dos Santos on Wednesday for her involvement in significant corruption, marking the first public U.S. response to years of accusations of wrongdoing.

Dos Santos’ business empire was the subject of Luanda Leaks, a global exposé published by the International Consortium of Investigative Journalists in 2020.

U.S. Secretary of State Anthony Blinken cited dos Santos, the daughter of Angola’s former longtime autocratic president, Jose Eduardo dos Santos, “for her involvement in significant corruption by misappropriating public funds for her personal benefit,” according to a press release.

Under the designation, which was released on International Anti-Corruption Day, dos Santos and her immediate family are now barred from entering the United States.
Angola: State Seizes Almost $13 Billion Assets Taken From Treasury Coffers, Half From Abroad

MACAU BUSINESS

The Angolan state has seized around US$13 billion in assets and values taken from the public purse, of which around half have been seized abroad, including US$2 million in Portugal. The figures were provided ...
Angola: MPLA President Stresses Party's Role In Society

ALL AFRICA

Luanda — The leader of the ruling MPLA party João Lourenço highlighted Thursday the importance and the role played by this political organisation in the Angolan society...
Angola: Short-Cycle Oil Gains But Gas Travails?

PETROLEUM ECONOMIST

The country’s government may have different upstream development priorities to IOCs, with particular impact on the gas sector. Angola is keen to build up its domestic gas and power sector, as well as to...
Best Project, Power/Industrial: Laúca Hydropower Plant

ENGINEERING NEWS-RECORD

The $1.4-billion electromechanical portion of the Kwanza River dam project includes a power plant with an installed capacity of 2,070 MW...
SADC Develops Tools To Curb GBV Across The Region

RELIEF WEB

The Southern African Development Community (SADC) has developed tools to curb regional Gender Based Violence (GBV) in the Region. In a presentation at the virtual Regional Dialogue on GBV in...
OPEC Daily Basket Price Stood At $75.37 A Barrel Thursday, 9 December 2021

MARKET SCREENER

Vienna, Austria, 10 December 2021--The price of OPEC basket of thirteen crudes stood at $75.37 a barrel on Thursday, compared with $75.09 the previous day, according to OPEC Secretariat calculations...
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USAID Provides Support In Response To Deteriorating Food Security And Nutrition In Angola

AFRICAN BUSINESS

The U.S. Agency for International Development (USAID) has announced a Declaration for Humanitarian Need, which includes the initial provision of $100,000 in humanitarian assistance, for southern...