Angola’s J-Lo Talks the Talk, Doesn’t Walk the Walk

On being sworn in as President of Angola last September, João Lourenço vowed he would crack down on the rampant corruption that flourished under his predecessor, José Eduardo dos Santos. He has, indeed, taken some steps towards honouring that promise. But in reality, those in power continue to benefit from self-awarded perks, favouritism and influence peddling while ignoring conflicts of interest. But is it all just a distraction? On February 12th, Finance Minister Archer Mangueira ordered the sale of five light aircraft owned by the Angolan state: three Beechcraft 1900s and two Twin Otters, as per his ministerial despatch 47/18. It orders the National Director of State Patrimony, Mr Valentim Joaquim Manuel, to draw up contracts for the sale of the aircraft with SJL-Aeronautica, EAPA and Air Jet. Imagine our surprise then to find out that SJL-Aeronautica was set up in 2010 by General Sequeira João Lourenço, the current President’s […]

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Valter Filipe and José Filomeno dos Santos indicted

José Filomeno dos Santos (son of former presidente José Eduardo dos Santos, known as Zenú), and the former governor of the National Bank of Angola, Valter Filipe, were indicted two weeks ago by the Attorney General’s Office for their involvement in the 500-million-dollar fraud. This refers to the transfer last September of 500 million dollars from the National Bank of Angola to an account with Crédit Suisse in London as a guarantee for a supposed funding of 30 billion dollars. In fact, as already investigated by Maka Angola early in January the operation would turn out to be a fraud against the Angolan State that was carried out by José Filomeno dos Santos. To carry it out, he used his dummy company, Mais Financial Services. London’s financial authorities suspected the fraud and blocked the funds in London. The referred transfer led to the resignation, on October 27, of the then […]

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Angolan Central Bank US $500 Million Swindle Foiled

The latest episode in the long-running saga of the alleged plunder of Angola’s public coffers has just come to light. Thanks to the diligence of British financial watchdogs and a change of regime in Angola, what is alleged to have been an attempt by the former President’s son to divert US $500 million, with his father’s blessing, looks to have been halted at the eleventh hour. Full details of the alleged fraud have yet to be revealed, but information confirmed by separate sources indicates that the new Angolan President João Lourenço has taken steps to reclaim the funds which have been frozen pending the outcome of an international investigation. A spokesman for the UK’s National Crime Agency told us: “We can confirm that the NCA’s International Corruption Unit is investigating a case of potential fraud against the Angolan government.” The NCA spokesman said they could not provide any further details […]

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A New Angolan President

On September 21 we will have a new president, after 38 years with José Eduardo dos Santos. The National Electoral Commission has named João Lourenço president-elect, without legally validating the votes in 15 of the 18 provinces. The MPLA, already in power for 42 years will continue to rule for a further five-year term. Anyone who things that the law is worth when MPLA’s leaders’ interests are at stake, is mistaken. It is worth taking a look back at the history of presidential power in Angola and its popular legitimacy. In 1975, Agostinho Neto became president through the unilateral declaration of independence, after expelling the other liberation movements, FNLA (led by Holden Roberto) and UNITA (led by Jonas Savimbi), from Luanda. The three movements had formed a transitional government, and the process of declaring independence ought to have happened only after elections were held. Instead, the most cunning and strategic […]

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Angolan Vote Count Flouted The Rules

Members of Angola’s National Electoral Commission (CNE) have described how the legal procedures for collecting and tabulating the results of Wednesday’s election were flouted by officials who reported favorable results to the MPLA, with no indication of how these results were calculated. Opposition leaders have accused MPLA of inventing the results. The reports of malpractice come as opposition parties release the results of parallel counts, calculated by adding up the results posted at individual polling stations. These parallel counts show the MPLA in first place, but without an outright majority. The CNE began to announce the preliminary election results on Thursday afternoon, before results from the provinces had been approved either at local level or by the National Counting Center. According to the numbers the CNE announced, the MPLA won a majority with 64.57%, more than double the total of UNITA, which was in second place with 24.4%. CASA-CE took […]

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All Aboard the Gravy Train

Angola’s gravy train has been rumbling along one set of tracks for the past 37 years, with all-encompassing corruption tainting the ruling MPLA party under President José Eduardo dos Santos. Those at the apex of the pyramid have diverted billions of dollars from the economy to their own bank accounts, while ensuring the loyalty of those beneath them by dispensing cash, goods and favors as needed. With just over two months to go to the presidential election that will see a change of leadership, members of the National Assembly (Angola’s parliament) are being given a sign that it will be ‘business as usual’. The National Assembly is chaired by veteran MPLA politburo member, Fernando da Piedade Dias dos Santos “Nandó”. Nandó is a rather sinister character with a smile likened to that of a cat which has just devoured its prey. His official job titles (police chief, Interior Minister, Prime […]

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Sonangol on the Brink

Putting the President’s daughter in charge of Angola’s national oil company has been such a ‘good move’ that the company is now reported to be on the brink of bankruptcy. The ‘genius’ businesswoman and her cabal of Portuguese consultants have succeeded only in a level of mismanagement greater than ever before. And so it has come to pass that the state monopoly that controls Angola’s main source of income is now reduced to the role of beggar. Maka Angola is reliably informed that on May 17 Isabel dos Santos went to see the Finance Minister, Archer Mangueira, to request an injection of three billion dollars (!!) to rescue Sonangol from imminent bankruptcy. A source close to the Portuguese consultancy firm which has been the de facto administrator of Sonangol on behalf of Isabel dos Santos, told Maka Angola that the Minister had to inform the President of the Sonangol Board […]

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All the President’s Children

Are you suffering from corruption fatigue? Yes, it gets to us all. There is just so much of it. Everywhere. Shameless, unethical, immoral, illegal, self-serving behavior is rampant. From the USA to North Korea, it seems few countries are immune to the self-enriching predations of the “one-percenters”. So how should we react to the news that the jobless, student, twenty-something year-old child of an ageing African dictator threw down €500,000 on a charity bid just so he could be photographed alongside some Hollywood stars like Will Smith? Before you yawn and turn the page, consider this. While this pampered princeling was quaffing champagne at the AMFAR gala in Cannes, dozens of his fellow countrymen of all ages were dying unnecessarily for lack of the most basic medicine and medical equipment. That’s because his country’s oil wealth has been siphoned off year after year, leaving little in the state budget for […]

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The Power Behind Cabinda’s Power Stations

Why would Angola’s President José Eduardo dos Santos issue a presidential decree (25/17) in February this year to award an estimated US $200 million r contract for a 100 Megawatt bi-fuel power station in Cabinda to an unknown entity named “Vavita Power S.A.”? It’s a sweet deal: as spelled out in that presidential decree, it is a renewable 25- year arrangement accompanied by purchase guarantees, thanks to an Energy Acquisition Contract (Contrato de Aquisição de Energia, CAE) that obliges future governments to buy whatever energy is produced for the National Grid (Rede Nacional de Transporte, RNT). So far as industry experts have been able to ascertain, Vavita is what they call a ‘ghost’ company, based in the central headquarters of a bank with no branches. They wonder why Angola’s President would entrust an unknown company with the task of constructing and operating another dual-fuel thermoelectric power station for Cabinda. Although […]

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Dams for the Damned

When China and Angola signed a US $4.5 billion financing agreement last year to fund the construction of a dam and hydro-electric power station at Caculo Cabaça in Kwanza-Norte province, did the Chinese realize this project would be for the benefit of the Angolan President’s daughter? The loan from the Industrial and Commercial Bank of China (ICBC), is meant to pay for the services of the consortium selected to build the hydro-electric dam. But the backstory reveals, yet again, how President José Eduardo dos Santos uses his presidential decrees and orders to enrich his own family. Evidence supplied to Maka Angola shows that Isabel dos Santos will be a major beneficiary of the deal signed on her daddy’s behalf by Finance Minister Archer Mangueira, with all concerned apparently unaware of procedures required by law (and followed by the rest of the world) to obtain tenders for major publics works projects. […]

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