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. He told a meeting of the governing MPLA party that Joao Lourenco, the defence minister, would be the party’s presidential candidate. But the 74-year-old is to remain leader of the influential ruling party. … Read more
The ego of a kite or balloon knows no stop until it’s brought down by the same squall that gave him an elevation in the first place. So be reminded that a balloon cannot fly on its own until that rubber sac is inflated with air, then sealed at the neck and let loose. Once … Read more
Over the last several years along the Indian Ocean coast in East Africa substantial finds of oil and natural gas resources have been under development. A British exploration corporation, Tullow Oil and its Canadian partner, Africa Oil, acknowledges that it has discovered in excess of 600 million barrels of oil in Kenya. At least eight … Read more
The surprise presidential win of a real estate agent and political novice over Gambia’s leader of 22 years has the country, and many on the continent, celebrating. Gambia’s longtime leader, Yahya Jammeh, who once promised to rule for “one billion years,” conceded the presidency to Adama Barrow, after electoral officials announced results of the Dec. … Read more
Leadership is one of the biggest failures of the African continent. It is unfortunately blessed with a handful of non-performing and sit-tight leaders who have refused to abdicate political power. Topping the list of longest serving African leaders are Teodoro Obiang Nguema, Equatorial Guinea and Jose Eduardo dos Santos, Angola who have both spent 36 … Read more
The billionaire daughter of Angola’s President Jose Eduardo dos Santos has strongly defended his decision to appoint her as the head of the state oil firm, Reuters news agency reports. Isabel dos Santos said she had been chosen to lead Sonagol because of expertise and competence, and dismissed criticism as “political games” being played ahead … Read more
Isabel dos Santos is the richest woman in Africa, according to Forbes magazine The Angolan Supreme court has demanded that President Jose Eduardo dos Santos explain why he made his daughter the boss of state oil company Sonangol, reports the news site Rede Angola. A petition challenging whether the appointment of Isabel dos Santos was … Read more
(Angola, Vanguardngr) Africa’s richest woman, Angolan Isabel dos Santos, is set to spread her banking empire into neigbouring Namibia, after a banking licence was approved by the country’s central bank. Bank of Namibia spokesperson Ndangi Katoma said the bank had granted provisional authorisation to Bank BIC Namibia Limited to conduct business as a banking institution … Read more