Angola is selling $261 million of bank shares seized from jailed tycoon Carlos Sao Vicente
Angola's markets regulator has approved the sale of a 34% stake in Standard Bank de Angola, seized from jailed tycoon Carlos Sao Vicente.
Angola
Angolan billionaire Alberto Almeida de Sousa's Etu Energias to acquire Chevron's blocks for $260 million
Etu Energias, half owned by Alberto Almeida de Sousa, is buying Chevron's stakes in Blocks 14 and 14K for $260 million, displacing Energean.
Angolan tycoon Carlos São Vicente, jailed for embezzlement, says he could lose a kidney
Carlos São Vicente, jailed since 2020 over Angola's $900 million insurance case, says he faces kidney failure and sepsis without urgent surgery.
Angola presses Switzerland for the $900 million frozen in convicted billionaire Carlos São Vicente's accounts
Angola is again pressing Switzerland to release about $900 million frozen in accounts linked to Carlos Manuel de São Vicente, jailed since 2020.
Angola raises $321 million selling Unitel stake it seized from Isabel dos Santos
Angola raised $321 million selling 15% of Unitel, the telecoms group it nationalised from Isabel dos Santos, in its largest IPO to date.
Angolan billionaire Antonio Mosquito doubles his stake in TotalEnergies-operated offshore oil block
Sonangol has handed 5% of the TotalEnergies-operated Block 17/06 to Falcon Oil, doubling the stake held by Angola's richest man to 10%.
Angola prepares to list Unitel, the telecom empire seized from former billionaire Isabel dos Santos
Unitel, the Angolan telecoms giant once part-owned by Isabel dos Santos, will start an IPO roadshow next week ahead of listing a 15% stake.
Antonio Mosquito, the car dealer who built one of Angola's biggest conglomerates
Antonio Mosquito built Grupo Antonio Mosquito from a car-distribution business into one of Angola's largest private conglomerates, spanning autos, oil, construction and finance.
Angola stripped Isabel dos Santos of a $2 billion empire. She now posts poolside videos from Dubai
Courts across Angola, Portugal, the UK and the US have frozen billions in assets belonging to Isabel dos Santos, who lives in Dubai and has never been convicted of a crime.
Meet Hélder Bataglia, the Portuguese-Angolan tycoon who built Escom and opened China's door to Angola
Portuguese-Angolan businessman Hélder Bataglia built Escom Group into Angola's most influential private investment platform before the collapse of his patron Espírito Santo Group in 2014.
Angolan banker Alvaro Sobrinho is back under scrutiny in Portugal over billions that vanished from BES Angola
CNN Portugal has renewed focus on Alvaro Sobrinho and the disappearance of billions from BES Angola, reviving scrutiny of one of Lusophone Africa's biggest financial scandals.
Austrian tycoon Andreas Sohmen-Pao's BW Energy acquires stakes in Angolan oil blocks for $310 million
BW Energy, led by chairman-owner Andreas Sohmen-Pao, is buying stakes in Chevron-run Block 14 and 14K offshore Angola in a $310 million deal.
Sergio Tati’s Anda gets $3.5 million to transform Angola’s motorcycle transport
Angolan startup Anda, co-founded by entrepreneur Sergio Tati, raised €3 million ($3.5 million) to formalize and finance the country’s motorcycle taxis.
Raxio, led by Danish executive Robert Skjødt, unveils Angola’s largest data center
Raxio Group, led by Danish executive Robert Skjødt, launches Angola’s largest data center, boosting digital capacity and internet speed.
Aliko Dangote turns to Angola tankers as Nigeria misses out on $400 million shipping revenue
Dangote’s $19 billion refinery uses Angola’s tankers as Nigeria’s stalled shipping sector misses out on $400 million annual freight revenue.
Angola to sell stakes in Unitel, years after gaining control from Africa’s first female billionaire
The decision follows nearly three years of state control after Unitel was seized from Africa’s first female billionaire, Isabel dos Santos.