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Angola
Lourenço scrutinises financially diminished sovereign fund

Angolan president João Lourenço announced the opening of a tender for a contract to analyse the 2021 results of the Fundo Soberano de Angola (FSDEA), a sovereign fund mainly financed by oil revenue. [...]

Published on 01/03/2021 at 06:00 GMT

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Energy

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Carlos Alberto Lopez
Covid-19
Fundo Soberano de Angola
Joao Lourenco
Jose Eduardo dos Santos
Jose Filomeno de Sousa dos Santos
Zenu

Inner circles | Angola
Sovereign fund dream team, unloved by Lourenço, fights for survival

The Fundo Soberano de Angola, a leftover from the dos Santos era, has lost its shine since João Lourenço came to power. The technocrats appointed in 2018 to run the fund have been forced to shrink their ambitions in the face of a drastic reduction of its portfolio and the government's patent lack of interest.

Subscribers only Energy 19.03.2021

Spotlight | Angola
Banco Sol struggles to shake reputation as MPLA's bank

Thrown back into the limelight by a recent report, Banco Sol's deep and long-standing ties with President João Lourenço's party are weighing heavily on the financial institution's attempts to brand itself as just an ordinary bank.

Subscribers only Finance, Business 11.03.2021

Coutinho Nobre Miguel, dubbed the MPLA's banker. He was the boss of Banco Sol until last year and remains a major shareholder.

Angola
Telecoms: Lourenço steams ahead with privatisation of dos Santos-era assets

The Angolan state's sale of its stakes in various telecoms companies is part of President João Lourenço's strategy to oust his predecessor's family from the country's business community.

Subscribers only Business 12.01.2021

Angola, Mauritius
Mauritius ambiguous over sanctions against Swiss-Angolan financier Jean-Claude Bastos

Five years after he was accused of defrauding the Angolan sovereign fund he was managing, Swiss-Angolan financier Jean-Claude Bastos de Morais has finally been banned from managing companies in Mauritius. The sanction was slow in coming and has fallen at a bad time for Mauritius as it faces criticism from the European Union for having failed to take more drastic action against money laundering.

Subscribers only Finance, Business 16.09.2020

Inner circles | Angola
New generation businessman Agostinho Kapaia steps into the limelight

Agostinho Kapaia has succeeded in rising through the ranks in the Angola business world thanks to his connections in the MPLA and the influence of his oligarch uncle António Mosquito.

Subscribers only Business 14.07.2020

Angola
Bombarded on the oil front, Joao Lourenco shores up his mining turf

While handing over the reins of the oil sector to Isabel dos Santos, daughter of Angola's former president (AEI 802), [...]

Subscribers only Mining 14.11.2017

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Carlos Alberto Lopez
Covid-19
Fundo Soberano de Angola
Joao Lourenco
Jose Eduardo dos Santos
Jose Filomeno de Sousa dos Santos
Zenu

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Angola
Lourenço scrutinises financially diminished sovereign fund

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Inner circles | Angola
Sovereign fund dream team, unloved by Lourenço, fights for survival

Spotlight | Angola
Banco Sol struggles to shake reputation as MPLA's bank

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Telecoms: Lourenço steams ahead with privatisation of dos Santos-era assets

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Mauritius ambiguous over sanctions against Swiss-Angolan financier Jean-Claude Bastos

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New generation businessman Agostinho Kapaia steps into the limelight

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Bombarded on the oil front, Joao Lourenco shores up his mining turf

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Angola Lourenço scrutinises financially diminished sovereign fund

This article may be accessed by subscribers

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Set up email notifications for these topics

Inner circles | Angola Sovereign fund dream team, unloved by Lourenço, fights for survival

Spotlight | Angola Banco Sol struggles to shake reputation as MPLA's bank

Angola Telecoms: Lourenço steams ahead with privatisation of dos Santos-era assets

Angola, Mauritius Mauritius ambiguous over sanctions against Swiss-Angolan financier Jean-Claude Bastos

Inner circles | Angola New generation businessman Agostinho Kapaia steps into the limelight

Angola Bombarded on the oil front, Joao Lourenco shores up his mining turf

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Angola
Lourenço scrutinises financially diminished sovereign fund

Inner circles | Angola
Sovereign fund dream team, unloved by Lourenço, fights for survival

Spotlight | Angola
Banco Sol struggles to shake reputation as MPLA's bank

Angola
Telecoms: Lourenço steams ahead with privatisation of dos Santos-era assets

Angola, Mauritius
Mauritius ambiguous over sanctions against Swiss-Angolan financier Jean-Claude Bastos

Inner circles | Angola
New generation businessman Agostinho Kapaia steps into the limelight

Angola
Bombarded on the oil front, Joao Lourenco shores up his mining turf