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. More than a decade after Banco Espirito Santo Angola collapsed and took billions with […]

Sonangol admits risk of losing more than 390 billion kwanzas

Sonangol considers the probability of recovering loans granted to the Force Petroleum Angola and Genius groups, linked respectively to Desidério Costa and João de Matos, to be low. In its latest report, the state oil company makes no reference to […]