SU28-cover:Layout 1 29/11/10 19:36 Page 1 SONANGOL UNIVERSO Universo DECEMBER 2010 Angola delights Shanghai Expo Sonangol celebrates accelerating growth Rail revival reunites Angola Art Luandaattack Triennial enchants ISSUE 28 – DECEMBER 2010 INSIDE: oil and gas news SU28.contents.pp2-3:SU25 1/12/10 11:13 Page 2 CONTENTS Universo is the international 30 16 46 magazine of Sonangol Inside this issue Board Members ecember’s issue illustrates well Manuel Vicente (President), some of the dynamic develop- Anabela Fonseca, Mateus de Brito, Dments possible since the Fernando Roberto, Francisco de Lemos, establishment of Angola’s peace in Baptista Sumbe, Sebastião Gaspar Martins 2002. Nowhere is this clearer than with Sonangol Department for the railway system. The Luanda line is Communication & Image now completely rebuilt and ready for Director service. Two more railways, including João Rosa Santos the potentially trans-Africa Benguela line, will follow within two years. Corporate Communications Another peace dividend examined Assistants Nadiejda Santos, Lúcio Santos, in the December issue is Luanda’s Cristina Novaes, José Mota, triennial art event, which is now firmly Beatriz Silva, Paula Almeida, part of Angola’s cultural calendar. Sandra Teixeira, Marta Sousa Universo also provides an Peter Moeller overview of Sonangol's development Publisher and key investment projects as its 35th Jonathan Browning 36 40 Sheila O’Callaghan anniversary approaches. Editor Combining business with pleas- John Kolodziejski ure, we attend Angola Day at the 2010 Art Director Shanghai Expo, where Angola em- David Gould ployed its art and culture to showcase Sub Editor its attraction as a trade and investment Ron Gribble partner. Advertising Design Bernd Wojtczack Circulation Manager Matthew Alexander Project Consultants 6 Nathalie MacCarthy Kamene M Traça Kamene M Traça Mauro Perillo Group President 4 Angola news briefing 6 Ticket to ride 26 Angola woos investors Sonangol News John Charles Gasser Angola backs Guinea-Bissau’s peace Angola’s rail network revival revs Angolan artists took the stage at bid; Plans to spend $18 billion in up with the first test runs on the Shanghai Expo’s Angola Day cele- Universo is produced by Impact Media power system; US airline Delta to fly entirely rebuilt Luanda-Malange bration, providing a memorable Custom Publishing. The views expressed in 34 Sonangol 46 Happy birthday the publication are not necessarily those of to Luanda direct in 2011; Angola’s line. Two more east-west lines are musical soundtrack to the country’s news briefing Sonangol Cape Verde Sonangol or the publishers. Reproduction in men’s basketball team makes last 16 also well on their way to comple- efforts to promote greater trade and The company’s diverse portfolio whole or in part without prior permission is of World Championship; IMF heaps tion. investment, especially with China, 36 Sonangol’s celebrates in the prospering island nation prohibited. praise on Angola’s economic stabil- its largest trading partner. Universo looks back at the 10 years on This magazine is distributed to a closed ity programme; Angola rebuilds 16 Art attack company’s milestones and circulation. To receive a free copy: 5,000 kilometres of roads; $100 mil- Luanda’s triennial arts exhibition is major investments ahead of the 50 Inside Angola [email protected] lion business park plan for Luanda. currently offering a multimedia 26 February 2011 celebrations A serene beauty spot south of Circulation: 17,000 experience aimed at raising the Luanda 5 Figured out capital’s spirit and sensibilities. 40 Sonangol’s produc- A brief glance at Angola in tion director talks numbers. An interview with Ruben Costa Davenport House 16 Pepper Street, London E14 9RP Tel + 44 20 7510 9595 Fax +44 20 7510 9596 [email protected] Cover: Photolibrary Jonathan Browning 2 SONANGOL UNIVERSO DECEMBER 2010 3 SU28.Angola News.pp4-5:SU25 29/11/10 19:41 Page 4 Figured Angola news briefing out A helping hand Final countdown million people will benefit from the Angola has held out the hand of friendship to Angola’s men’s basketball team was the government’s Water for support crisis-stricken Guinea-Bissau. As only African team to make it to the final 16 All scheme by 2012 well as sending a team of police and military of the World Championship in Turkey, after experts to help reshape the armed forces beating Jordan and Germany in the group and security services, Angola has pledged stages. However, Luis Magalhães’ team $30 million to aid this process. was unable to overcome the might of the George Chicoty, Secretary of State for For- United States, who came out 121-66 win- 3 eign Affairs, said Angola wanted to do all it ners, putting Angola out of the tournament. could to help bring stability to the country Forward Olimpio Cipriano, who plays for which has been dogged by military uprisings Angolan club Recreativo e Desportivo do and violent drug gangs who use the Libolo, was the team’s top scorer with an $1.255 islands as a trafficking point between average of 14.8 points per game. Small billion of private investment made Europe and Latin America. “We want to forward Joaquim “Kikas” Gomes, of outside of the oil sector in Angola in change the situation in Guinea-Bissau,” Luanda’s Primeiro de Agosto, was second the first quarter of 2010 he said. with 13.2 points. Carlos Gomes Júnior, Guinea-Bissau’s Getty Images prime minister, visited Angolan President José Eduardo dos Santos in September to IMF praise thank him for his support and to appeal to The International Monetary Fund Angolan businesses to invest in his country. (IMF) has praised Angola for its As president of the Community of Por- economic stabilisation programme and tuguese Language Countries (CPLP), Angola welcomed plans to set up a sovereign 5.4%public sector salary increase for 2011 has a mandate to help find solutions for wealth fund. “The macroeconomic situa- Guinea-Bissau. President Dos Santos said: tion continues to improve and reforms are “It’s important that the CPLP grows harmo- beginning to bear fruit,” said Murilo Portu- niously, taking care that all of its members gal, the fund’s deputy managing director. feel fully integrated and are in conditions of Following the IMF’s latest review visit to Carlos Gomes Junior, Guinea- peace, stability and democracy.” Angola, the board is to release $353 mil- Bissau’s Prime Minister AFP/Getty Images lion of the overall $1.4 billion of loans 7,500 agreed in November 2009. Although on the kilometres of roads to be rebuilt in US airlink iStockphoto path to economic recovery, the high levels Angola by 2013 Delta Air Lines has con- Powering up of domestic debt have led Angola to revise firmed that it will begin serv- Angola will spend $18 billion over the next six years Highway rebuilding its 2009 growth trajectory to 5-6 per cent, ices from Luanda to Atlanta in to help end electricity shortages. There will be no More than 5,000 kilometres of roads were down from an earlier forecast of 6.7 per January 2011. The long-awaited more power cuts at the end of this period, Minister rebuilt in Angola between 2008 and 2009 cent. air link will see the first scheduled of State Carlos Maria da Silva Feijó said. under the National Reconstruction pro- 1,887 flights between Angola and the “By 2015 or 2016 we could have our energy gramme. New business park jobs created in the hotel industry in United States, and will signifi- problem solved,” he said, adding that the Ministry Joaquim Sebastião, director general of the A $100 million industrial park is being the last two years cantly reduce travel times. of Energy would soon be launching tenders for Angolan National Roads Institute (INEA), built in the Cacuaco suburb of north Flights will run three times a building new dams. There would also be separate said more than 7,500km would be rebuilt Luanda. It will have 53 warehouses, office week with an Airbus A330-200 investment in transmission lines and distribution between 2011 and 2013. Future construc- and accommodation blocks and a university flying via Dakar, Senegal. The new networks. tion programmes also included repairing and research laboratory. The site, known as Kaop route was made possible by the The money will come from a newly-created infra- rebuilding 1,400 bridges. Park, will also host several banking units, a signing of bilateral air agreements structure fund which will accrue the value of Sebastião gave assurances that some business advice centre, lecture hall, medical between Angola and the US ear- 100,000 barrels of oil per day. Dr Feijó said Angola construction work, held up because of centre and pharmacy, as well as restaurants. lier this year. Delta is also working 27.9million barrels of oil exported to would be producing 4,000 megawatts of electricity, delays in government payments to foreign Long-term, Kaop Park is forecast to create with Angolan carrier TAAG to sell China in August, making Angola its more than five times current output, within six firms, would begin again before the end of more than 3,000 jobs and will focus on help- space on the same flights at a top supplier years. the year. ing small businesses. The first phase is due future date. for completion by April 2011. iStockphoto 4 SONANGOL UNIVERSO DECEMBER 2010 5 SU28-train.pp6-15:SU27 29/11/10 19:38 Page 6 TRAINS TICKET TOAfter years of inactivity, Angola’s RIDE railways are back on track to serve cut-off communities and boost the fortunes of small farmers with produce to send to market.