Africa Renewables: AfDB teams up with international organisation to drive solar development in Africa

The African Development Bank (AfDB) has signed a joint declaration with the International Solar Alliance (ISA) to promote the development of solar energy in Africa.

Read More

Africa Oil & Gas: Sonangol Leadership denounces millionaire transfers by former administration

  Sonangol’s chairman of the Board of Directors (PCA), Carlos Saturnino, denounced the large sums being withdrawn to a bank in Dubai following the exoneration of the former CA headed by Isabel dos Santos, daughter of former Angolan President, VOA news writes.

Read More

Africa Oil & Gas: Angola pays KPMG €15Mi to check Isabel dos Santos accounts at Sonangol

Angolan oil company Sonangol will spend 15.4 million euros on the audit of the group’s accounts, which will be guaranteed by KPMG, after it deferred the consultant chosen by the previous administration, Isabel dos Santos, whose accounts will also be analyzed.

Read More

Africa Oil & Gas: Isabel dos Santos dismissed from Sonangol, deputy oil minister appointed new CEO

The former Sonangol executive committee chairman, Carlos Saturnino, held the post of Secretary of State for Petroleum, after being removed by Isabel dos Santos from the Angolan oil company, accused of mismanagement and serious financial diversion.

Read More

Africa Oil & Gas: “Angola’s Sonangol Cuts Debt, Output To Slip Without Investment” – Financial Times

Angolan state oil firm Sonangol would be split into three separate units in a bid by Isabel dos Santos, the billionaire daughter of President Jose Eduardo dos Santos, to reshape the oil company, Financial Times reported on Tuesday.

Read More

Africa Oil & Gas: New management reorganises Sonangol business portfolio in Angola

The new board of directors of Angolan state oil company Sonangol will reorganise the business portfolio of the company and its subsidiaries, according to a presidential decree. “The board of directors (…) should apply the model of reorganisation of Sonangol EP business portfolio, its subsidiaries and affiliates, pursuant to the adjustment to the oil sector organisation model,” reads the decree signed by José Eduardo dos Santos, naming Isabel dos Santos to the position of chair…

Read More