Goldman Sachs’s Angolan interests

When the Financial Times commits an entire article to topics Angolan, it fills my Google news alert for a week.

"Washing the windows of the Porsche dealership on Avenue Amilcar Cabral in central Luanda"

The U.S. Department of Justice is investigating Cobalt International Energy, a Houston based company with investments in the Angolan oil sector, for possible violation of anti-corruption legislation. Last week the Financial Times reported that three Angolan officials – the same three officials named in muckraking journalist Rafael Marques’s case now waiting before Angola’s Supreme Court – “confirmed to the FT (…) that they and another general have held shares in Nazaki Oil and Gáz, the local partner in a Cobalt-led deepwater venture launched in early 2010.” The Financial Times is no slouch of a newspaper. When they commit an entire article to topics Angolan, it fills my Google news alert for a week.

The Angolan press, both official and independent, has been largely silent. The website Club-K (their slogan is “We Report, You Decide”) posted an article from the Portuguese press and the usually lively comments section had nothing beyond the predictable: “band of thieves”; “now maybe Marques’s case will get somewhere”; and “if the Americans really wanted to catch them they could…this is one more distraction.” What’s really going on here? The FT cares because one of Cobalt’s backers is Goldman Sachs. Angola matters little to them. Angola matters only insofar as it rattles Wall Street. Life there matters only insofar as it touches on life, or rather, the bottom line, the U.S.

Further Reading

Not exactly at arm’s length

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Ruto’s Kenya

Since June’s anti-finance bill protests, dozens of people remain unaccounted for—a stark reminder of the Kenyan state’s long history of abductions and assassinations.

Between Harlem and home

African postcolonial cinema serves as a mirror, revealing the limits of escape—whether through migration or personal defiance—and exposing the tensions between dreams and reality.

The real Rwanda

The world is slowly opening its eyes to how Paul Kagame’s regime abuses human rights, suppresses dissent, and exploits neighboring countries.

In the shadow of Mondlane

After a historic election and on the eve of celebrating fifty years of independence, Mozambicans need to ask whether the values, symbols, and institutions created to give shape to “national unity” are still legitimate today.

À sombra de Mondlane

Depois de uma eleição histórica e em vésperas de celebrar os 50 anos de independência, os moçambicanos precisam de perguntar se os valores, símbolos e instituições criados para dar forma à “unidade nacional” ainda são legítimos hoje.