Angola President Says Only Human to Consider Succession

Angolan President Jose Eduardo dos Santos, Africa’s second-longest serving ruler, said he’s thought about a transition of power almost 12 months after winning another five-year term.

“Yes, of course, it’s only human to do that,” Dos Santos said in an interview with Portuguese television channel SIC posted on the broadcaster’s website. The full interview is set to air today after 8 p.m. in Lisbon.

The 70-year-old won a new term at the helm of Africa’s second-largest oil producer in August 2012 in the first national elections to determine a president in 20 years. Manuel Domingos Vicente, the former head of state oil company Sonangol EP, was named vice president.

Dos Santos, who came to power in 1979 and is currently the longest serving ruler in Africa after President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea, said he’s in favor of growing Angolan investment in Portuguese companies.

“Sonangol has taken the first steps and in some cases it has been successful and in others not, but what matters is that it advances,” Dos Santos said. Sonangol is Banco Comercial Portugues SA’s biggest shareholder with a 19.4 percent stake, according to the website of Portugal’s second-biggest publicly traded lender by market value.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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