ALBERTO MENDES – New President of the MPLA Financial Holding Company, Angola

Alberto Mendes has been appointed to head “Sociedade de Gestão e Participações Financeiras S.A.R.L”, the financial arm of the country’s ruling Popular Movement for the Liberation of Angola (MPLA).

Alberto Mendes – New President of the MPLA Financial Holding Company, Angola

Prior to his new appointment, he was chairman of the board of Grupo Simples, which operates in the oil sector in Angola, the US, Mozambique, Ghana, Togo and Equatorial Guinea.  He was also president of ‘Sociedade Kwanza – Gestão de Projectos Empresariais’.

Graduated in Electrical Engineering in the USA, the manager takes over a holding whose business portfolio includes participation in 64 companies operating in the hotel, industry, banking, fisheries, media, construction, real estate, etc.

In mining, influence extends to diamonds. In the hotel business, it owns 20% of Hotel Presidente, 51% of Hotel Mayombe.

It also has other stakes in hotel units such as Trópico, Tivoli and Hotel Terminus.

Gefi, whose PCA “dispatches directly with the President of the Party, also takes control of industrial units, such as the largest brewery in the country, Cuca, where through Soba (Sociedade de Bebidas de Angola) it holds 25%.

The Logo of “Sociedade de Gestão e Participações Financeiras S.A.R.L”

Soba is a company of the French Brasseries International holding (Bih), belonging to the Castel Group. Businesses from the ‘business and financial arm’ of the MPLA are also present in banking. In Sol, for example, it is the majority shareholder with 55%.

In Banco Comercial Angolano (BCA) it only owns 1.8%, while South African investors in the Absa group own 50%. No less important, in addition to civil construction and real estate, is Gefi’s presence in aviation. Through Planar, it owns 51% of Fly 540.

In the media, the highlight goes to participation in commercial radio stations in Cabinda (60%), 2000, in Huíla (75.50%), in Morena de Benguela (80%). In Luanda Antena Comercial (LAC) has a 60% stake and in the ‘propaganda machine’, the marketing company Orion, accounts for 73%.

Participations extend to security with two companies: Socorro and Sambiente, in addition to other fisheries businesses with Epata Fishing and, in consultancy, with Sansul.

source: luandapost.com / africanshapers.com