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Jean-Claude Bastos de Morais

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Jean-Claude Bastos de Morais
Jean-Claude Bastos de Morais.jpg
Personal details
Born 1967
Fribourg, Switzerland
Nationality Swiss & Angolan
Occupation
  • Entrepreneur
  • Chief Executive Officer
Website www.jeanclaudebastosdemorais.com

Jean-Claude Bastos de Morais (born 1967 in Fribourg) is a Swiss-Angolan fund manager[1] 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[1] and Banco Kwanza Invest, Angola’s first investment bank.

The Paradise Papers reported his use of Angola's sovereign wealth fund for his own investment projects and those of his partner, José Filomeno dos Santos, the son of Angolan ex-president José Eduardo dos Santos.[2]

Early Life[edit]

He began his career as a management consultant and has a Master of Arts in Management of the University of Fribourg in Switzerland.[3]

Career[edit]

In 2003, Bastos de Morais founded Quantum Global Group.[4] He is Quantum's current Chief Executive Officer.[1]

In 2015 he launched the hybrid innovation hub, Fábrica de Sabão[5] (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.[6]

NGOs[edit]

In 2017, Bastos de Morais was elected an international council member, Belfer Center for Science and International Affairs.[7]

In 2009, he founded the African Innovation Foundation (AIF)[8] 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).[9]

Corruption allegations[edit]

In November 2017 the BBC News reported about him in relation to the Paradise Papers.[10]

In 2011 he was convicted together with his partner[who?] by a criminal court in Switzerland for "repeated qualified criminal mismanagement". Both have in a investment company under their belt payed out illegally money, which partly lined their own pockets.[11] In 2017 the conviction played a major role in public discussions of his business activities which were uncovered by journalists in the Paradise Papers.[12][13][14]

Writing[edit]

  • He is the co-editor of the book Innovation Ethics. African and Global Perspectives,[15] co-published by Globethics.net and the AIF. The book looks at innovation ethics and the “ethical innovator,”[clarification needed] from multidisciplinary and international perspectives with a focus on Africa.
  • The Convergence of Nations: Why Africa’s Time Is Now, OMFIF Press,[16] 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.[17] SEED was published to reinforce the value and benefit of seeding innovation in all fields of development for a rich and prosperous Africa.[18]

Notes[edit]

  1. ^ 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. 
  2. ^ David Left (7 November 2017). "Angola sovereign wealth fund's manager used its cash for his own projects". The Guardian. Retrieved 19 November 2017. 
  3. ^ "Jean-Claude Bastos de Morais". Jean-Claude Bastos de Morais. Retrieved 2017-07-11. 
  4. ^ okler.net. "Jean-Claude Bastos de Morais | African Innovation Foundation". www.africaninnovation.org. Retrieved 2017-11-03. 
  5. ^ "Home - Fábrica de Sabão". Fábrica de Sabão. Retrieved 2017-07-11. 
  6. ^ "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. 
  7. ^ "International Council: Jean-Claude Bastos de Morais". Harvard Kennedy School. Retrieved 5 March 2017. 
  8. ^ "Home - African Innovation Foundation". www.africaninnovation.org. Retrieved 2017-07-11. 
  9. ^ "Innovation Prize for Africa". www.innovationprizeforafrica.org. Retrieved 2017-07-11. 
  10. ^ "Paradise Papers: Tycoon made $41m from 'people's fund'". BBC News. Retrieved 2017-11-07. 
  11. ^ Christian Brönnimann: Wie ein Schweizer von Angolas Milliarden profitiert. Tages-Anzeiger, 5. November 2017.
  12. ^ BBC, Paradise Papers: Tycoon made $41m from 'people's fund', 7 November 2017: http://www.bbc.com/news/world-africa-41906123
  13. ^ "Swiss Connection: Spiel mit Angolas Milliarden" https://www.srf.ch/play/tv/redirect/detail/a4d0c7af-eb28-46f1-8b4c-d5804e3a5dfe
  14. ^ 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. 
  15. ^ http://www.globethics.net/documents/4289936/13403236/GE_Global_7_web.pdf/8d19e8ab-de35-4fd9-ad87-6deac077d3fc
  16. ^ "The Convergence Of Nations: Why Africa's time is now". www.omfif.org. OMFIF Press. 2015. Retrieved 2017-07-11. 
  17. ^ "African Innovation Foundation". www.globalinnovationexchange.org. Retrieved 2017-07-11. 
  18. ^ "AIF launches commemorative book". BiztechAfrica. Retrieved 2017-07-11. 

External links[edit]