Angola's state-controlled oil company Sonangol - the largest single shareholder in Portugal's Millennium bcp - wants the bank to gain global scale in a restructuring that involves a management shakeup, Expresso weekly said. The lender - Portugal's largest by assets - is hampered at home by the country's debt crisis and deep austerity imposed by a 78-billion-euro bailout. It needs to find fresh capital in the next few months to comply with new European rules, with cash from rapidly-growing Angola seen as one possible solution.

The IMF said on Tuesday a $32 billion accounting discrepancy in Angola's state funds was linked to 'quasi-fiscal operations' by state oil firm Sonangol done on the government's behalf, but not recorded in official budget accounts. 'Preliminary data indicate that quasi-fiscal operations undertaken by the state oil company on behalf of the government, financed out of oil revenues but not recorded in the budgetary accounts, can explain a large part of the discrepancy,' the IMF said in a statement.

Angola's state-owned oil company Sonangol EP and some of the African country's banks are interested in stakes in Portuguese companies, Angolan Economy Minister Abraao Gourgel said. Angolan companies and investors have been increasing their stakes in companies in Portugal, which last year became the third euro-region country to request a bailout from the European Union and the International Monetary Fund. Sonangol owned 11.6 per cent of Banco Comercial Portugues, Portugal's second-biggest publicly traded bank in terms of market value, as of last June. Isabel dos Santos, daughter of Angolan President Jose Eduardo dos Santos, owned 10 per cent of Portugal's Banco BPI SA and 10 percent of Zon Multimedia SGPS SA , Portugal's biggest cable television operator. Angola is Africa's second-biggest oil producer.

Long-serving Angolan President Jose Eduardo dos Santos is keeping his country and the world guessing about whether he will bid for re-election in 2012 in Africa's No. 2 oil producer. Speculation over Dos Santos' intentions - under the country's new 2010 constitution he could remain in power until 2022 - has reached fever pitch among analysts, investors and oil companies watching one of Africa's fastest-growing economies.

Masses of Angolan nationals that daily trek to Namibia for health and education services want their government to construct hospitals and schools in Angola to reduce their reliance on Namibian schools and hospitals. During a meeting recently by two Angolan governors, Eusebio de Brito Teixera, of Kuando Kubango and Antonio Didalelwa of Cunene Pro­vince and Ohangwena Governor Usko Nghaamwa at Olupale village of Kuando Kubango Province in Angola, Angolan citizens said it was time that their government constructed schools and hospitals for them.

The Angolan government has warned Namibians living illegally in that country to get their papers in order. Namibians living or grazing their cattle in the Cunene and Quando Cubango provinces bordering Namibia have been urged to apply for residence permits to have legal status in Angola. This was done at a meeting held at Olupale in Quando Cubango Province which was attended by Namibians and Angolans and was addressed by the Cunene Province governor, Antonio Ndidalelwa.

A staggering $32 billion is missing from the state coffers of Angola, a nation that is steeped in poverty, blatant social inequality, and among the worst-ranked in the world for its life expectancy, infant mortality and corruption. New York-based Human Rights Watch said in December that the government of Angola should promptly provide a full public accounting for $32 billion in missing government funds, thought to be linked to the country's state oil company Sonangol.

More than five years after the Front for the Liberation of Cabinda (FLEC) filed a complaint with the African Union (AU) against the Angolan government for alleged human rights abuses, the AU says it is willing to hear the 'merits' of appointing a special rapporteur to investigate the claims. Cabinda is separated from Angola's main territory by the River Congo and a narrow sliver of the Democratic Republic of Congo and accounts for more than half of Angola’s oil production. Cabinda's mineral wealth also includes gold, diamonds and uranium, as well as extensive reserves of tropical hardwoods. Since 1975, the status of Cabinda has been disputed, resulting in one of Africa’s longest-running conflicts.

Several thousand Angolan returnees from the neighbouring Democratic Republic of Congo (DRC) are stranded by floods in northeastern Angola. They are among the first casualties of what promises to be a very wet rainy season in parts of southern Africa. 'At least 50,000 people - 24,000 of them returnees - in 10 villages in Uige Province [northeastern Angola near border with DRC] have been affected by the flooding, rains and hailstorms in the past four months,' said Antonio Maiandi, head of the Evangelical Reformed Church of Angola, which has been trying to help those affected.

The government of Angola should promptly provide a full public accounting for US$32-billion in missing government funds thought to be linked to the state oil company, Human Rights Watch said. A December 2011 report by the International Monetary Fund revealed that the government funds were spent or transferred from 2007 through 2010 without being properly documented in the budget.

This report discusses the availability and quality of health services in two provinces of Angola (Luanda and Uíge) and reports how households perceive the level of quality and utilise the existing services. In addition to quality indicators such as the availability of drugs, equipment and other supplies, the report explores the competence of health workers in diagnosing common illnesses.

Last year, Angola’s president authorised the extension of a mining concession 'primarily to the benefit of his daughter', Tchizé dos Santos, making a mockery the government’s words on ‘good governance, transparency and public service’, writes Rafael Marques de Morais.

The Angolan government should end its use of unnecessary force, including by plainclothes agents, against peaceful anti-government protests, Human Rights Watch says. On 3 December, police and plainclothes security agents violently dispersed a peaceful rally of about 100 youth in Luanda, the capital, and injured at least 14, one of whom had a serious face wound, Human Rights Watch said. The demonstrators were protesting the 32-year rule of President José Eduardo dos Santos, whom they blame for rampant corruption, widespread poverty, and political repression.

The struggle for democracy and democratisation in Angola involve far more than removing Jose Eduardo dos Santos, argues Horace Campbell.

Details have emerged about how Angola’s national oil company incurred a puzzlingly huge bill for nine days of accommodation and expenses at a hotel in Luanda. Did Sonangol have trouble doing simple math or there was something else going on, wonders Rafael Marques de Morais.

Rafael Marques de Morais reports that vice-minister Pedro Sebastião Teta has broken Angolan law by committing an act of illicit enrichment. But he is still a free man holding high public office, despite clear proof of his multi-million-dollar theft of public money.

President Eduardo dos Santos said Angola was prepared to invest its burgeoning petrodollars in Portugal, which has been ordered to privatise struggling state-owned firms under a €80bn (£70bn) International Monetary Fund bailout. Visiting Portuguese prime minister, Pedro Passos Coelho, said the country was looking to privatise [state utility company] Energias de Portugal and [national grid] REN. Other state-owned entities up for grabs include the national airline Tap and the Banco Português de Negócios. Banco BIC of Angola is set to buy the distressed bank for €40m – less than a fifth of its original market value. Isabel dos Santos, daughter of the long-serving president, is a part owner of BIC. Some Angolans have criticised the growing financial ties between Lisbon and Luanda, amid worries of capital flight and Angola's own yawning poverty gap. In 2008, two-thirds of Angolans lived on less than €1 a day, while only 25 per cent of children are enrolled in primary school.

On 9 November 2011, local authorities in Benguela suddenly withdrew their support and disrupted an arts and culture event organised by the NGO OMUNGA that was scheduled to start the following day. OMUNGA is a human rights group based in the province of Benguela that promotes street children rights, children and youth protagonism, community and civil education. Furthermore, on 11 and 12 November, the police intervened again and forcibly interrupted two OKUPAKALA events that were taking place in different parts of the city, namely Damba Maria and Catumbela. The organisers then transferred the event supposed to take place in Catumbela to another location, but the police contacted them and ordered not to continue with the event.

The world-turned-upside-down of the European debt crisis reached a new extreme last week when Europe came pleading for lucre where it once only seized it: Africa. The hands-out visit of Prime Minister Pedro Passos Coelho of Portugal to its former colony Angola was a milestone of sorts. 'Angolan capital is very welcome,' Mr. Passos Coelho said in Luanda, the capital city. That may be an understatement: the former colony’s cash could be essential as Portugal is forced to sell off state-owned companies after a bailout this year, reports the New York Times.

Angolan journalist Rafael Marques de Morais has