Maka Angola (Luanda)

Angola: Spotlight

analysis

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

OSISA: Keeping Angola's Sovereign Wealth Fund in the family

June 25, 2013: Angola's Sovereign Wealth Fund has been struggling for credibility since its high-profile launch in October last year. For seven months, the Fundo Soberano de Angola (FSDEA) appeared to talk big but do little. However, after rather embarrassingly missing its own self-imposed deadline to publish its investment policy by the end of the first quarter of 2013, the FSDEA has finally - three months later - given us a glimpse of how it plans to use its pot of US$5billion.

Reuters: China's Sinopec buys Marathon's Angola oil fields for $1.52 billion

June 24, 2013: China's Sinopec Group has agreed to buy Marathon Oil Corp's (MRO.N) Angolan offshore oil and gas field for $1.52 billion, Asia's largest refiner producer said. Sonangal Sinopec International Ltd, the group's subsidiary, will acquire Houston-based Marathon's 10 percent stake on the Angolan field called Block 31, it said in a statement late on Friday.

Angolan News Network: U.S. State Department Hosts Angolan Journalist, Rights Activist Rafael Marques

June 21, 2013: Angolan journalist, human rights activist, and frequent Angolan government critic Rafael Marques de Morais was received at the U.S. Department of State in Washington by Acting Assistant Secretary of State for African Affairs, Donald Yamamoto and other senior State Department officials.

ISN: Legacy of a Resource-Fueled War: The Role of Generals in Angola's Mining Sector

June 19, 2013: The Kimberley Process (KPCS) is a certification scheme designed not only to stop the trade in 'conflict diamonds', but also to ensure that those who buy these diamonds are not indirectly financing rebellions against legitimate governments. This 'clean' definition of the problem, unfortunately, doesn't begin to address the murky role that diamonds once played in Angola's civil war and continue to play in the country. This paper traces the shadowy diamond trade networks that link together today's MPLA-dominated government with senior Angolan military leaders and outside actors. The authors review the massive human rights violations that have occurred because of these networks, particularly in the Lunda provinces. Finally, they provide recommendations on how reformers should approach the problems afflicting Angola's diamond mining areas.

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