Jean-Claude Bastos de Morais

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Jean-Claude Bastos de Morais
Jean-Claude Bastos de Morais.jpg
Personal details
BornOctober 28, 1967
Fribourg, Switzerland
NationalitySwiss & Angolan
  • Entrepreneur
  • Chief Executive Officer

Jean-Claude Bastos de Morais (born October 28, 1967 in Fribourg)[1] is a Swiss-Angolan entrepreneur[2] who has founded and led several businesses over the course of his career. Among these are Quantum Global Group, an international investment group with a particular focus on Africa[2] and Banco Kwanza Invest, Angola’s first investment bank.


Jean-Claude Bastos de Morais was born on October 28, 1967 in Fribourg, Switzerland.[1] He is of bi-national heritage. His father is from Angola[3] and his mother is Swiss, coming from an entrepreneurial family.[4] His maternal grandfather was an industrialist in the watch industry[5] and invented the light inside the watch.[6] According to Bastos, his late Angolan grandmother inspired him to establish the African Innovation Foundation in 2009.[4]

Education and career[edit]

Bastos studied economics at the University of Fribourg and received a Master of Arts in Management.[7] He financed his studies by starting a regional mergers and acquisitions business that sold small companies.[8] In 1989, Bastos joined Deloitte as a consultant and later Abegglen Management Partners. In 1995, he founded a venture capital company focused on Swiss SMEs.[9]

In 2007, Bastos de Morais founded Quantum Global Group.[10] He is Quantum's current Chief Executive Officer.[2] In 2008, Bastos de Morais founded Banco Kwanza Invest,[11] Angola's first investment bank.[12]

In 2015 he launched the hybrid innovation hub, Fábrica de Sabão[13] (The Soap Factory) to support innovation projects in Angola. The hub is a collaboration with the government, which leases it its premises. Fábrica de Sabão was built as an inclusive model to enable marginalized communities to participate in sustainable enterprise such as urban manufacturing.[14]


In 2017, Bastos de Morais was elected an international council member, Belfer Center for Science and International Affairs.[15]

African Innovation Foundation[edit]

In 2009, he founded the African Innovation Foundation (AIF)[16] which aims to support sustainable projects in Africa. The Foundation's Innovation Prize for Africa (IPA) was launched in 2011 in cooperation with the United Nations Economic Commission for Africa (UNECA).[17] In 2016 the Innovation Prize for Africa celebrated its 5th anniversary,[18] and the AIF signed a Memorandum of Understanding (MoU) with the World Intellectual Property Organization (WIPO) for cooperation to support African innovators.[19] In February 2017 the AIF signed a MoU with the Botswana Innovation Hub to support innovations in Botswana.[20] In addition to the IPA, the AIF founded the ZuaHub, a platform that connects innovators with resources.[21] By 2017 the IPA had a database of over 6000 innovators from 51 African countries.[22]

African Law Library[edit]

The AIF also initiated the African Law Library (ALL). The project was launched on 28 November 2013 at the African Union's headquarters in Addis Ababa, Ethiopia. With ALL Bastos implemented his idea of an online portal offering access to a wide range of legal documents as well as law and governance texts from African countries.[23] The Huffington Post reported that 'in June 2014 alone, more than 10,000 research sessions were initiated on the African Law Library platform'. In March 2015 over 4500 regional and national court cases, 3600 legislative acts and 8000 secondary sources from eight African countries were published online.[24]

Philanthropic activities[edit]

In October 2011 Bastos founded the Kitangana Tennis Project for orphans in Angola.[25] In 2017, his Quantum Global Group sponsored the Muhr Awards for Arab films at the Dubai International Film Festival.[26][27] In addition, Bastos supports several Universities. He sponsors a research project at the Center of Neuroscience ZNZ, a collaboration between the University of Zurich and the Swiss Federal Institute of Technology ETH.[28] He also serves on the advisory board of the Event Letterari Monte Verita Festival, the Official Monetary and Financial Institutions Forum (OMFIF) and the University of Cape Town Graduate School of Business.[29]

Corruption allegations[edit]

In 2011 he was convicted together with his partner[who?] by a criminal court in Switzerland for "repeated qualified criminal mismanagement". Both have illegally paid out money in an investment company under their control, which partly lined their own pockets.[30] In 2017 the conviction played a major role in public discussions of his business activities which were uncovered by journalists in the Paradise Papers.[31][32][33]

Angola sovereign wealth fund[edit]

In November 2017 the BBC News reported about him in relation to the Paradise Papers.[34] The Paradise Papers reported his use of Angola's sovereign wealth fund for his own investment projects.[35] After the Paradise Papers were leaked[36] licenses of seven funds of Bastos' Quantum Global were suspended on Mauritius after a visit of Angolan officials.[37] The Mauritius Supreme Court froze 519 million USD on 58 bank accounts of Quantum Global in early April 2018.[38] In London a British court froze 3 billion USD on Quantum Global accounts at the end of April 2018.[39]

At the end of July 2018 the freezing of British bank accounts was lifted by London's High Court. It ruled, that the freezing was based on false information. The court accused the state funds representatives of "breaches of the duty of disclosure" in the fund's application for a freezing and called this breaches "substantial" and "culpable".[40]

In September 2018 Bastos was arrested in Angola.[41] Quantum Global accused Angola of coercion and intimidation to forces Bastos to surrender assets.[42]


  • He is the co-editor of the book Innovation Ethics. African and Global Perspectives,[43] co-published by and the AIF. The book looks at innovation ethics and the “ethical innovator,”[44][clarification needed] from multidisciplinary and international perspectives with a focus on Africa.
  • The Convergence of Nations: Why Africa’s Time Is Now, OMFIF Press,[45] in collaboration with a team of 31 authors from 15 nations on how Africa can benefit from changes in the world political and economic environment.
  • SEED is a collaboration with the African Innovation Foundation (AIF), a Swiss-registered foundation.[46] SEED was published to reinforce the value and benefit of seeding innovation in all fields of development for a rich and prosperous Africa.[47]


  1. ^ a b Simon Christen (17 December 2017). "Jean-Claude Bastos und das Wunder von Angola". SRF. Retrieved 30 December 2017.
  2. ^ a b c Nsehe, Mfonobong. "How Swiss-Angolan Investor Jean Claude Bastos De Morais Plans To Deliver Better Healthcare In Africa". Forbes. Retrieved 2017-11-03.
  3. ^ Mfonobong Nsehe (1 October 2014). "Meet The Swiss Entrepreneur Who Is Funding African Innovation". Forbes. Retrieved 31 December 2017.
  4. ^ a b Niyi Aderibigbe (3 June 2016). "GrowthCore with Jean-Claude de Morais: Innovation can speed up economic diversification and job creation in Africa". The Nerve Africa. Retrieved 31 December 2017.
  5. ^ Claude Grunitzky (6 December 2016). "Jean-Claude Bastos de Morais: the publicity-shy entrepreneur unleashing innovation in Angolan slums". True Africa. Retrieved 31 December 2017.
  6. ^ Regina Jane Jere (27 June 2017). "Jean-Claude Bastos de Morais: Africa's innovation guru". NewAfrican. Retrieved 31 December 2017.
  7. ^ "Jean-Claude Bastos de Morais". Jean-Claude Bastos de Morais. Retrieved 2017-07-11.
  8. ^ Niyi Aderibigbe (3 June 2016). "GrowthCore with Jean-Claude de Morais: Innovation can speed up economic diversification and job creation in Africa". The Nerve Africa. Retrieved 15 January 2018.
  9. ^ Mfonobong Nsehe (1 October 2014). "Meet The Swiss Entrepreneur Who Is Funding African Innovation". Forbes. Retrieved 15 January 2018.
  10. ^ "Jean-Claude Bastos de Morais | African Innovation Foundation". Retrieved 2017-11-03.
  11. ^ Mfonobong Nsehe (1 October 2014). "Meet The Swiss Entrepreneur Who Is Funding African Innovation". Forbes. Retrieved 21 November 2017.
  12. ^ Chris Wright (5 September 2014). "Inside Angola's Sovereign Wealth Fund". Forbes. Retrieved 21 November 2017.
  13. ^ "Home - Fábrica de Sabão". Fábrica de Sabão. Retrieved 2017-07-11.
  14. ^ "GrowthCore with Jean-Claude de Morais: Innovation can speed up economic diversification and job creation in Africa". The Nerve Africa. 3 June 2016. Retrieved 2017-07-11.
  15. ^ "International Council: Jean-Claude Bastos de Morais". Harvard Kennedy School. Retrieved 5 March 2017.
  16. ^ "Home - African Innovation Foundation". Retrieved 2017-07-11.
  17. ^ "Innovation Prize for Africa". Retrieved 2017-07-11.
  18. ^ CNN, Katie Pisa and Sophie Morlin-Yron, for. "The 10 best inventions from Africa". CNN. Retrieved 2018-02-20.
  19. ^ "WIPO and African Innovation Foundation Sign Collaboration Agreement". Flickr. Retrieved 2018-02-20.
  20. ^ "News 13-02-2017 - Innovation Prize for Africa". Retrieved 2018-02-20.
  21. ^ "African Innovation Foundation - Call for Applications: Innovation Prize for Africa 2018 Awards "Investing In Inclusive Innovation Ecosystems" - CNBC Africa". CNBC Africa. 2017-10-10. Retrieved 2018-02-20.
  22. ^ "Innovation Prize for Africa 2017: An interview with Pauline Mujawamariya Koelbl". Rise Africa Rise. 2016-12-18. Retrieved 2018-02-20.
  23. ^ "African Law Library launches - Ethics News -". Retrieved 2018-02-20.
  24. ^ Ng'weno, Amolo (2015-02-03). "Democratizing Access to Legal Information -- For Every African". Huffington Post. Retrieved 2018-02-20.
  25. ^ "Mr Jean-Claude Bastos de Morais". Retrieved 2018-05-28.
  26. ^ "DIFF 2017 features Emirati cinema, Jean Claude Bastos de Morais, Cate Blanchett, and Patrick Stewart grace the event". Retrieved 2018-05-28.
  27. ^ "Dubai International Film Festival | NEWS 2018". Dubai International Film Festival. Retrieved 2018-05-28.
  28. ^ "Meet our authors - Jean-Claude Bastos de Morais, Switzerland and Angola - Ethics News -". Retrieved 2018-05-28.
  29. ^ "Mr Jean-Claude Bastos de Morais". Retrieved 2018-05-28.
  30. ^ Christian Brönnimann: Wie ein Schweizer von Angolas Milliarden profitiert. Tages-Anzeiger, 5. November 2017.
  31. ^ Meisel, Anna; Grossman, David (2017-11-07). "Tycoon made $41m from 'people's fund'". BBC News. Retrieved 2018-05-28.
  32. ^ "Swiss Connection: Spiel mit Angolas Milliarden - TV - Play SRF". Play SRF (in German). Retrieved 2018-05-28.
  33. ^ Panama Papers, Leaks reveal extensive siphoning of $5bn Angolan sovereign wealth fund, 2016: "Archived copy". Archived from the original on 29 May 2016. Retrieved 2016-05-02.
  34. ^ "Paradise Papers: Tycoon made $41m from 'people's fund'". BBC News. Retrieved 2017-11-07.
  35. ^ David Left (7 November 2017). "Angola sovereign wealth fund's manager used its cash for his own projects". The Guardian. Retrieved 19 November 2017.
  36. ^ Pegg, David (2017-11-07). "Angola sovereign wealth fund's manager used its cash for his own projects". the Guardian. Retrieved 2018-10-17.
  37. ^ "Mauritius Suspends Quantum Funds After Angola Official Visit". Bloomberg. 2018-04-09. Retrieved 2018-10-17.
  38. ^ "Mauritius Freezes $519 Million of Quantum's Assets". Bloomberg. 2018-04-10. Retrieved 2018-10-17.
  39. ^ "Ex-Angolan Leader's Son Seeks Overturn of Freeze Order". Bloomberg. 2018-04-28. Retrieved 2018-10-17.
  40. ^ Milhench, Claire. "UK judge lifts asset freeze order against Quantum Global in Angolan..." U.K. Retrieved 2018-10-17.
  41. ^ Meisel, Anna (2018-09-25). "Ex-president's son detained over 'fraud'". BBC News. Retrieved 2018-10-17.
  42. ^ "Angola accused of coercion in holding head of Swiss investment group". Financial Times. 2018-10-01. Retrieved 2018-10-17.
  43. ^
  44. ^ Jean-Claude Bastos de Morais, Christoph Stückelberger (2014). Innovation Ethics. Geneva: Global pp. 70, Innovation Ethics for Value-based Innovation, Christoph Stückelberger. ISBN 978-2-88931-003-6.
  45. ^ "The Convergence Of Nations: Why Africa's time is now". OMFIF Press. 2015. Retrieved 2017-07-11.
  46. ^ "African Innovation Foundation". Retrieved 2017-07-11.
  47. ^ "AIF launches commemorative book". BiztechAfrica. Retrieved 2017-07-11.

External links[edit]