Maka Angola (Luanda)

Angola: Spotlight

6 March 2013

The latest press coverage on corruption, human rights abuses, violations of freedom of the press and socio-economic exclusion in Angola:

FM: De Beers banks on Angola

March 3, 2013: De Beers and its partners in SA, Botswana and Canada are investing in three new projects which promise to yield almost 250m carats of diamonds over the next few decades.

ANGOP: Sonangol considered second major African company

March 3, 2013: SONANGOL considered second major African company. Besides SONANGOL, other Angolan companies (or companies operarting in the country) also include the referred study, namely Total E&P Angola in 50th position, Endiama in 128th place and Catoca Mining Corporate in 227th position.

WSJ: Angola Wealth Fund Is Family Affair

February 26, 2013: Criticized by political opponents and human-rights groups for its secretive finances and super-rich political elite, Angola recently set up a sovereign-wealth fund to deploy oil revenue on behalf of the poor.

While the move by President José Eduardo dos Santos has led some observers to praise the new fund as a welcome step, critics are complaining about his choice to help run the fund: his 35-year-old son.

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