Month: June 2012

The Presidency’s Military Bureau and the Kidnappings

It is now two weeks since Alves Kamulingue, 30, was abducted while walking around downtown Luanda at midday on May 27. Kamulingue was on his way to a demonstration that had been scheduled to bring together former members of the Presidential Guard Unit (UGP) and war veterans to demand the payment of their pensions. On May 29, his friend Isaías Cassule, 34, one of the organisers of the protest, was also seized at dusk in the Cazenga district of Luanda. Kamulingue’s wife, Isa Rodrigues, has received anonymous phone calls that have claimed the missing men are in a police unit somewhere on the outskirts of Luanda. These rumours have started to circulate, including among journalists, contradicting other rumours that have spread on the internet claiming that the men have been executed. The calls come from unknown numbers and are then switched off so that the families cannot call back and […]

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BAI: The Regime’s Banking Laundromat

In recent years, the Angolan financial market has been led by Banco Africano de Investimentos – BAI (African Investment Bank), a banking institution previously named Banco Angolano de Investimentos (Angolan Investment Bank). To a certain extent, the shareholding structure of the bank reflects its success as well as the institutionalization of public assets’ transfer to public officials, for their illicit enrichment. Praised at US $8 billion, BAI currently holds a portfolio of deposits and credits estimated, by the Angolan National Bank, at US $10.4 billion and US $3.2 billion, respectively. At its inception, in 1996, Sonangol was BAI’s main investor, with 18.5 percent of its shares. Over the years, Sonangol quietly transferred 10 percent of its shares to the private ownership of high-ranking officials, besides the ones who, from the start, already owned considerable shares of the banks stock. By way of illustration, the table below shows only the list […]

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Political Kidnappings in Angola

A group of former presidential guards had planned to march towards the presidential palace, on May 27, in protest against the social and economic conditions in which they were living. The date is filled with symbolism. In 1977, a march towards the presidential palace was used to justify the massacre of tens of thousands of people by the late president Agostinho Neto and his supporters, as a purported measure against a coup attempt. The tragedy of May 27 is still an open wound in Angolan society and a traumatizing event for many families who never recovered the bodies of their loved ones or knew what happen to them. The protest of last week did not materialize as the Military Bureau of the Presidency (Casa Militar) and the Presidencial Guard Unit (UGP) met with the leaders to address their concerns. But, on the same day, a local FM broadcaster, Radio Despertar, […]

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Manuel Vicente: Transparently Corrupt

By Ana Silva   The scheduling of Election Day on August 31 casts a new light on the recent press conference that presented the Performance Report on Executive Activity for the first quarter of 2012. Manuel Vicente, Minister of State for Economic Coordination, lavished detailed praise on the government’s economic advances during his presentation to the media. He referred to newly constructed factories, schools and social housing, as well as investments in transportation infrastructure, and highlighted the launch of provincial radio broadcasters and regional television stations. The minister’s account may have led casual observers to believe that Angola is enjoying a period of true social and economic progress. The country’s economic growth is unequalled, thanks above all to the rise in oil production and prices on the international market. Yet the scene that Vicente described left out the vast majority of Angola’s population, which continues to live in abject misery, […]

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