Tag: General Sequeira João Lourenço

Repairing Angola’s Central Bank

In the wake of recent revelations of mismanagement and corruption at the Banco Nacional de Angola (BNA), its Governor, José de Lima Massano, took to the airwaves in an attempt to defend his reputation and that of the bank. It was all to no avail, because many high-ranking officials have taken to heart the new Angolan President’s strictures against corruption and are willing to blow the whistle, backing up their claims with documentary proof. It’s evidence that should prompt the Attorney-General’s office to open an investigation. Maka Angola has been given a copy of the contract signed in 2013 for the rehabilitation of the central bank’s historic main building, signed by Massano during his first stint at BNA governor. As with other projects (like the much-derided Currency Museum), he hired the Angolan subsidiary of the Portuguese construction firm Somague to do the work. Somague stands accused of routinely padding costs […]

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Lourenço’s “Flying Palace” and a Coconut Head

Following his 11-day European tour, Angolan president, João Lourenço, arrived home with a staggering flight bill. He spent several million dollars on a US $74,000 an hour luxurious “flying palace” that transported him the whole time, while preaching anti-corruption at home. The distinguished Ghanaian economist and activist, George Ayittey, has a name for this kind of a leader: a coconut head. For Ayittey, a coconut head is a leader, who, rather than run his country ruins it through folly and depraved indifference to the suffering of ordinary people. Many Angolans saw the social media images of the world’s only private US $350 million Boeing Dreamliner 787 VVIP ostentatiousness. Owned by the Chinese  HNA Group, this plane is the world’s largest luxury business charter. Few wanted to match it with the plane that took President Lourenço to state visits in France and Belgium, as well as a private visit to Spain. […]

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My Trial and The Law to Allow Money Laundering

I am due back in court on May 21 for exposing corruption. The corrupt former attorney general of the Republic, General João Maria de Sousa, is the plaintiff. He has failed to appear in court for the past two months. He even demanded that the trial be moved from the courtroom to the Office of the Attorney General, claiming immunity and privileges. But on April 25, he fled to Portugal and became, for the third time, a runaway plaintiff. There is a great irony in this trial that exposes the farcical anti-corruption discourse of President João Lourenço. On May 17, his ruling MPLA, in power for the past 42 years, passed the Law for the Repatriation of Capital. This new law might as well be aptly named the Law on Money Laundering, for that is what it is. According to this law, those who have siphoned off funds from the […]

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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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