Joaquim Duarte da Costa David

It revealed that when the Block 4/05 deal was cut in 2005 Somoil's shareholders included the then Oil Minister Desidério da Graça Veríssimo e Costa; Sonangol's then chief Manuel Domingos Vicente (now national Vice-President); Industry Minister Joaquim Duarte da Costa David; and the head of the controversial Banco Africano de Investimentos José Carlos da Costa de Castro Paiva also Chairperson of Sonangol UK (AC Vol 51 No 4 Dos Santos prepares for power again & The bid to clean up MPLA Inc)...

• Joaquim Duarte da Costa David was Director General of state oil company Sonangol in 1989-1998 when the Abalone deal was struck; then Finance Minister in 1999-2000 and Industry Minister from 2000 until 2012...

Also out are Ana Afonso Dias Lourenço Planning Minister since 1999 and Joaquim Duarte da Costa David a former Sonangol head who held posts on-and-off in the Industry Ministry since 2000...

Somoil’s shareholders are reported to include Desidério da Graça Verissimo e Costa a former Sonangol Deputy Director Oil Minister in 2002-08 and ex-husband of Maria Ruth Neto sister of Angola’s first President António Agostinho Neto (AC Vol 48 No 5 Authoritarian alliances); Joaquim Duarte da Costa David Industry Minister former Sonangol Chairman; Aníbal Teixeira da Silva Deputy Oil Minister; Manuel Domingos Vicente Sonangol Chairman 2001-12; José Paiva Director of Sonangol Limited in London and Chairman of the Board of Banco Africano de Investimentos (BAI); Abílio Gomes Deputy Finance Minister 2001; Alberto de la Vieter de Almeida e Sousa Somoil Director General and in 2005 a senior Sonangol manager...

In June the Minister of Industry Joaquim David visited Seoul and met his South Korean counterpart representatives of the Korean International Trade Association and executives of Daewoo and Samsung...

Some money from Abalone flowed to accounts in Luxembourg then to accounts in the Cayman Islands in the names of offshore companies controlled by senior Angolans including President José Eduardo dos Santos former Angolan Ambassador in Paris Elísio de Figueiredo and the former head of Sonangol Joaquim David...

in the accounts of Falcone and Gaidamak; of Elisio de Figueiredo an Angolan former Ambassador to France (now in Singapore); former Sonangol Chairman Joaquim David; President José Eduardo dos Santos and his former cabinet chief José Leitão; and Vitaly Malkin a Russian banker close to ex-President Boris Yeltsin...

This might explain why Joaquim David former Managing Director of Sonangol assumed the Industry portfolio after being sacked as Finance Minister in a reshuffle in October...

Bessa's predecessor at Finance Joaquim David becomes Minister of Industry replacing Albina Faria de Assis Pereira Africano now Angola's candidate for Executive Secretary of the Southern African Development Community (SADC)...

Few would write off Joaquim David's career yet...

Repayments stopped for a while this year but those to Brazil and Portugal re-started when oil prices rebounded; Spain has fallen foul of Finance Minister Joaquim David...