Month: October 2026

Open Letter to João Lourenço: Accountability for Silence

To His Excellency The President of the Republic of Angola João Manuel Gonçalves Lourenço Your Excellency, A criminal investigation into deals worth more than 4.4 billion kwanzas at the General Tax Administration (AGT) has been left “forgotten” at the Attorney General’s Office (PGR). According to Maka Angola’s reporting, those named in the complaints continue to rise through the state hierarchy. You promoted José Vieira Nuno Leiria to secretary of state for tax affairs. Finance Minister Vera Daves de Sousa appointed Bráulio Assis as Leiria’s chief of staff. Faced with allegations, those in power respond by granting impunity. You bear direct political responsibility for these choices as head of the executive. What interests justify such confidence in people who owe the country so many explanations? These questions have a history. In April 2020, in the article “A Government without Institutional Coordination”, I argued for the appointment of competent officials, free of […]

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Cotton Candy at Angola’s Tax Authority (Part II)

“I set up the company to provide an outlet for the Portuguese companies’ products.” Carla Castelo Trindade’s explanation was blunt. The Portuguese lecturer had taught José Leiria, formerly chairman of Angola’s General Tax Administration, or AGT, and now secretary of state for tax affairs. Business between AGT and In Pressionante Kianda generated invoices for three cotton candy machines, of which the company’s Angolan manager says he received only one, and transfers of hundreds of thousands of euros to Portugal. Part I examined how Carla brought her husband’s businesses to AGT and prepared deals before Kianda was incorporated. This second instalment follows the invoices and the money. A ready market The children’s fair, Cidade dos Kandengues Tributários, had been included in AGT’s 2024 communications plan, put out to public tender in November 2023 for 1 billion kwanzas. In messages reviewed by Maka Angola, Carla boasted of helping draft and manipulate the […]

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Cotton Candy at Angola’s Tax Authority (Part I)

José Leiria chaired Angola’s General Tax Administration (AGT) until 8 September 2026, when he was appointed secretary of state for tax affairs. Finance Minister Vera Daves has since appointed Bráulio Assis, AGT’s former communications chief, to head Leiria’s office. Both men feature in Maka Angola’s investigations into the authority’s dealings with In Pressionante Kianda. Earlier reporting showed how the company helped shape the tender it went on to win. Messages attributed to Assis indicate that he advised the bidder while chairing its evaluation committee. Their advancement gives Angolans further reason to fear state capture, with officials whose conduct demands scrutiny gaining greater authority. In a country where millions of children go hungry and have no access to school, even a cloud of sugar can provide a way to extract public money. Cotton candy, made mostly of air and sugar, looks more substantial than it is. In AGT’s business dealings, that […]

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The Finance Minister and the Kianda Quagmire

Vera Daves de Sousa, Angola’s finance minister.

Angola’s finance minister, Vera Daves de Sousa, has chosen to put her political authority behind officials at the General Tax Administration (AGT) implicated in Maka Angola’s investigation into the Kianda companies. After José Leiria, the AGT’s former chairman, became Secretary of State for Tax Affairs on 8 September 2026, Daves appointed Bráulio Assis as his chief of staff. The team is moving up the state hierarchy. Questions about its business dealings remain unanswered. Assis chaired the evaluation committee for the tender that In Pressionante Kianda helped to prepare and went on to win. Messages obtained by Maka Angola show him guiding the bidder he was supposed to assess. By choosing him to head Leiria’s office, Daves has publicly expressed political confidence in both men and assumed responsibility for that choice. What ethical standards govern the finance minister’s appointments? The issue is not the presumption of innocence. It is the reward […]

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Carrinho and the Risks Angola’s Central Bank Must Confront

Carrinho has controlled Banco de Comércio e Indústria since December 2021. In August 2024, the competition authority cleared its takeover of Banco Keve, subject to central bank approval. It has also acquired 7.61 per cent of BFA through its subsidiary Congolian Financial. If consolidated, these interests could give the group influence over roughly 30 per cent of Angola’s banking market. This expansion comes as Angola faces heightened international scrutiny. The Financial Action Task Force placed it on its grey list in October 2024, citing strategic weaknesses in its defences against money laundering and terrorist financing. The European Union added Angola to its list of high-risk third countries in 2025, requiring European financial institutions to apply enhanced checks to relevant transactions. Such scrutiny exposes the gap between the government’s rhetoric and the credibility of its financial institutions. The Carrinho transaction brings two systemic risks into sharp focus. The first is the […]

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