LUANDA (Reuters) - Oil-producing Angola owes $6.8 billion -- twice what was previously estimated -- to foreign firms involved in its post-war reconstruction, President Jose Eduardo dos Santos admitted on Monday.
LUANDA (Reuters) - Four human rights activists went on trial in Angola's oil producing region of Cabinda on Monday on unspecified charges of crimes against the state.
Despite poor a transparency and democracy record, Angola has managed to translate its oil-driven economic boom into human development and poverty reduction a new nation-wide survey shows.
Angola approved a law on Thursday to tackle money laundering and the financing of terrorism, months after it was accused of not complying with international rules on the issues.
