Source: Valor Económico |

The staff at Sonangol and those going to the concessionaire agency are the same as those who have benefited over the last twenty years and are not likely to change

INTERVIEW Antonio Vieira. He has a different opinion in relation to the new model for the oil sector, because he suspects that nothing will change. He explains himself using various substantive arguments: the staff at Sonangol and those going to the concessionaire agency are the same as those who have…

Valor Económico
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Source: Valor Económico |

Isabel dos Santos confirms order for ENDE’s removal from Efacec

Isabel dos Santos reiterates that public funds were not used to purchase Efacec and states that ENDE failed to pay the full value for its share, and therefore its shareholding was reduced from 40% to 16%

João Lourenço ordered the removal of the Empresa Nacional de Distribuição de Electricidade (Angolan National Power Distribution Company - ENDE) from the partnership with Isabel dos Santos at Efacec Power Solutions, the businesswoman told VALOR. “We were notified that the President of the Republic had issued instructions to the Ministry…