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Africa in the Russia-Ukraine war
Cabo Delgado: a gas Eldorado and security nightmare

Cabo Delgado: a gas Eldorado and security nightmare
After Kenyatta: the never-ending battle to take State House

After Kenyatta: the never-ending battle to take State House
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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. [...] (970 words)
Issue dated 19/03/2021 Reading time 4 minutes
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Further reading
Coutinho Nobre Miguel, dubbed the MPLA's banker. He was the boss of Banco Sol until last year and remains a major shareholder. © Coutinho Nobre Miguel/Facebook
Spotlight
ANGOLA Finance Business 11/03/2021

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. [...]
MAURITIUS ANGOLA Finance Business 16/09/2020

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. [...]
Jean-Claude Bastos de Morais.
Jean-Claude Bastos de Morais. © Sangeetha Umakanthan and Anita Baumann/Licence Art libre

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