Category: Corruption

When Africa’s richest woman is the daughter of the President of an oil-rich nation who has clung to power for nearly four decades, it’s not surprising that people might entertain the suspicion that her success could be due to factors over and beyond any particular business expertise. We imagine that empire-building must go so much more smoothly if one has unlimited funds (allegedly from the continual diversion of state funds into daddy’s secret bank accounts), the near-certainty that any bids for state contracts will trump all the competition, and a growing national and international network of complicit politicians, financiers, directors, business advisors, managers, and consultants to create an intricate, complex and almost-indecipherable network of corporations, shell companies and cartels to make it harder to follow the money trail. Enter Isabel dos Santos, the eldest child of the Angolan leader, who is understandably keen to recast herself as the internationally-recognized, award-winning […]

The three Portuguese political parties who formed an unholy alliance to vote down a parliamentary motion which would have censured Angola over the imprisonment of 17 dissidents in the ‘Luanda Book Club’ trial, have attempted to justify their action. The Christian Democrat leader of the CDS (Centro Democrático e Social-Partido Popular), Paulo Portas, has invoked what he says is official party policy requiring them “to remain silent regarding active judicial processes (…) whether in Portugal or abroad”.   Similarly, a statement from the centrist PSD (Partido Social Democrata) says it was upholding “the principle of respect for judicial decisions”.  Conveniently they choose to ignore solid evidence that judicial process in Angola routinely fails to respect its own constitutional and legal dictates, acting instead in defence of the powerful. Apparently, the CDS and PSD party policy permits silence, complicity or shameless opportunism as convenient. Meanwhile on the far left, the communist PCP […]

Angola’s Vice-President, Manuel Vicente, is reportedly under investigation in Portugal over allegations that he bribed a Portuguese public prosecutor, Orlando Figueira, to put an end to scrutiny of his murky affairs in the country. Oddly, the Angolan authorities have been silent about this affair. This is a noteworthy change of tactics. After all, this is Portugal, where Manuel Vicente has been lauded as a world-class leader and manager while he helped enrich any number of opportunists and carpetbaggers.  Equally, there seems to be no sudden rush to “protect Portuguese interests in Angola”.  This is odd.  Has he been hung out to dry? It appears that Manuel Vicente placed too much trust in the invincibility of José Eduardo dos Santos. Above all, he trusted in the impunity assured by the Angolan president to those loyal to him as they too were granted a role in the pillaging.  Did he overstep?  It’s […]

Last Friday, the General Assembly of the United Nations adopted a resolution paving the way for Angola to be promoted from a low to middle income country by 2020. This resolution is cause for celebration by the government, for it is an international endorsement of its stewardship of the country. From 2003 to 2013, the country’s oil revenues reached over US $450 billion, according to Angolan economic estimates, and for a decade it ranked among the ten fastest growing economies in the world. Meanwhile, the timing of the UN resolution seems to be a twist of irony for ordinary Angolan citizens. It comes at a time when the bust of the oil fueled economic boom is all too evident on the supermarket shelves, and poverty is on the rise. Food shortages are becoming severe in parts of the country, while in the capital retailers are imposing rationing of certain products. […]

Has Angola’s President José Eduardo dos Santos lost his bearings?  Recent events suggest he is in the process of arranging a dynastic succession. His first-born daughter, Isabel dos Santos, has accumulated three major public projects: first, the Urban Redevelopment Master Plan for the capital city, Luanda; second, the Restructuring of the National Oil Company Sonangol (the largest state-owned company); and, finall, the Commission for the Restructuring of the Oil Sector. Isabel dos Santos is estimated to have become a billionaire (many would say thanks to her father) and has more than thirty companies to manage.  Why does the president need to hand over these major public undertakings to her? Could it be that she has extraordinary managerial and leadership abilities? Or not? Maka Angola has already outlined Isabel dos Santos’s likely intentions with the Master Plan for Luanda.  As things stand, Isabel will have ultimate control over an astonishing US $15 billion of funds for the […]