Africa News blog
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Tired of being criticised for being one of the world’s most
secretive governments, Angola is finally throwing back some
Top government officials, including the economy minister,
the finance minister and the head of the central bank, held a
news conference late on Friday to discuss the government’s first
200 days in power — the second news conference of the kind this
“You thought we wouldn’t do this again,” said Carlos Feijo,
Angola’s powerful minister of state who is seen by many as the
president’s right-hand man. “Well, here we are.”
He then went on to speak non-stop for 40 minutes, describing
how the economy had improved in recent months, plans to pay
billions in debt to construction firms and the fight against
poverty and corruption before opening up the floor to questions.
Many journalists praised the government’s decision to hold
the news conference as a step in the right direction in a nation
where officials seem to be paid to keep quiet and where people
are afraid to openly criticise the president.
Greater transparency could also bolster Angola’s chances of
receiving more Western loans and placing debt with private
investors abroad, as it seeks cash shore up its finances after
the recent slump in oil prices.
Angola was ranked in the bottom 19 of 180 countries in a
Transparency International corruption study last year.
State-run daily Jornal de Angola hailed the news conference
a success in an editorial a few days later.
“The Angolan government has explained how public funds are
being managed so that Angolans continue to trust in those they
elected into government for four years,” said Jornal de Angola.
“It is important that all Angolans, whether or not they
voted for the ruling party, to be aware of the importance of
this extraordinary performance.”
The question is whether the Angolan government is serious
about increasing transparency or simply using the media’s thirst
for information to campaign ahead of the nation’s 2012
It was a just another seminar on transparency in the oil sector. Seemingly banal.
But this was being held in Khartoum, involving live debates between northern and southern Sudanese officials, a minerals watchdog and the international media, who were allowed free access to publicly grill those who administer what has for years been an incredibly opaque oil industry.
Confusion over the names of two similar-sounding African countries may have helped boosted oil prices to near $80 a barrel this week as traders rushed to buy oil after reports of a military coup.
A Reuters reporter received a flustered phone call from a hedge fund partner who had heard animated discussion in the market about an incident in Nigeria, only to realise that traders had muddled up Africa’s biggest oil producer with its neighbour Niger.
This week’s G8 summit in Japan marks 6 years since the group of the world’s top industrial nations adopted a comprehensive action plan to support initiatives to spur the development of Africa. The G8 Africa Action Plan adopted at a summit in Kananaskis, Canada, in 2002 was seen as the biggest boost to Africa’s own home-grown development initiative, the New Partnership for Africa’s Development, NEPAD. The G8 Plan pledges to help Africa tackle the main obstacles to its development — from promoting peace and security, to boosting trade and implementing debt relief to expanding education, health facilities and fighting HIV/AIDS.
As a followup to the Action Plan, the G8 at its 2005 summit in Scotland agreed to double aid by 2010 to $50 billion, half of which would go to Africa. But as G8 leaders prepared for this year’s summit in Japan, the Africa Progress Panel set up to monitor implementation of the 2005 commitments issued a gloomy report last month. It said under current spending the G8 would fall $40 billion short of its target. Other aid agency officials accused the G8 of backtracking on its pledges to Africa.