Ver Angola


JES face replaced by Agostinho Neto in the new kwanza notes

The deputies approved by majority a proposal of the Popular Movement for the Liberation of Angola that aims to remove from the new notes issued in 2020 the face of former President José Eduardo dos Santos.


The law, presented by the political party in the National Assembly, had the favorable vote of 128 deputies, with 51 abstentions, which made the diploma that provides that the notes issued next year have only the face of the first President of Angola, Agostinnho Neto, and emblematic landscapes and monuments on the back of the notes.

José Eduardo dos Santos left the presidency in 2018, after 38 years in office, and was replaced by the Popular Movement for the Liberation of Angola candidate who won that year's presidential election, João Lourenço.

Joao Lourenço's coming to power was marked by a set of layoffs and dismissals that analysts and international investors read as a departure from the past and a direct attack on the power structure that was built over decades by its predecessor.

Among other media outlets, João Lourenço fired the daughter of former President, Isabel dos Santos, from the Sonangol presidency and dismissed his son, José Filomeno dos Santos, from the management of the Angolan Sovereign Fund, who was eventually arrested and is now on trial for an improper transfer of 500 million dollars.

The Santos family complains of political persecution and has criticized the lack of economic results of the reforms launched by João Lourenço since coming to power more than two years ago, with the country remaining economic recession at least until this year.

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