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. Advertisements

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  Sonangol’s chairman of the Board of Directors (PCA), Carlos Saturnino, denounced the large sums being withdrawn to a bank in Dubai following the exoneration of the former CA headed by Isabel dos Santos, daughter of former Angolan President, VOA news writes.

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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.

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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.

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Africa Oil & Gas: Lawyers appeal ruling on president daughter nomination to head State oil company

Angolan lawyers, who argue that President Jose Eduardo dos Santos’ billionaire daughter was illegally appointed as the chief executive of the state oil company, have applied for their case to be heard in the Constitutional Court.

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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.

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Africa Oil & Gas: Sonangol needs US$1.569 billion to guarantee payments until the end of the year

Angolan state oil company Sonangol needs to undergo financial restructuring and US$1.569 billion to guarantee payments until the end of this year, said on Thursday in Luanda the chairman of the Board of Directors, Isabel dos Santos.

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Africa Oil & Gas: Angola’s President faces inquiry over daughter appointment as Sonangol CEO

Angola’s Supreme Court has asked President José Eduardo dos Santos to respond to an inquiry on why he appointed his daughter as head of the state oil firm, according to court documents seen by Reuters.

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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…

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