ANGOLA
Angola's tormented path to petro-diamond led growth









Sr. São Vicente, Director of AAA Financial Services, Ltd

Interview with Mr. S. Vicente
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AAA Financial Services, Ltd

"Have your future today"
Angola, Now and Tomorrow

Mr. São Vicente,
Director

Contact:
Rua I congresso, 8 - 16
P.O.Box 440 Luanda
Tel: (244 2) 632 022 / 632 171
Fax: (244 2) 393 893
E-mail: saovicente@snghold.ebonet.net
Aaa.sfinaceiros@snet.co.ao

AAA COMPANIES

The AAA Companies are an integrated Angolan supplier of financial and risk management services. These five companies where created by SONANGOL EP, initially, to control the risk management activities of petroleum operations. But they also provide financial services for risk management to other non-petroleum activities.

In fact, SONANGOL EP created a new group of companies specialized in risk management activities that the Angolan economy was needing. By creating the AAA Companies SONANGOL EP also contributed to modernize the financial market in Angola with a new segment: the integrated risk management activities.


Opening Ceremony of AAA Financial Services

The strategy of SONANGOL EP has been implement because new legislation has been passed that open the insurance market, set the regulations of pension fund management and put in SONANGOL's hand the control of the risk management activities of petroleum operations in Angola. The new Insurance Law (Law 1/00) was passed in February, 2000.opened and liberalized the insurance market putting an end to ENSA's monopoly.

The investors in AAA companies are SONANGOL E.P, AAA (ANGOLA) INVESTORS LTD, SONANGOL P&P SARL and BAI SARL.

As the main market strategy the AAA companies will use differentiation as the driving factor to conquer the risk management and the insurance market. AAA Companies hope to accomplish that through competence , efficiency and a continuous search for the excellence.

AAA SERVIÇOS FINANCEIROS LDA

AAA SERVIÇOS FINANCEIROS LDA Works as a holding and strategic coordinator of the AAA Companies, provides financial services and offers consulting work for the local businesses.
The main objective of AAA SERVIÇOS FINANCEIROS LDA is to establish the strategic guidelines that enable the companies in the group to rapidly gain a good chunk of the Angolan market.

Some of the strategic objective of AAA Companies are:

Provide a high quality service in accordance with international standards
Empower the AAA Companies to deliver financial and risk management services to international standards, increase their capacity for greater risk retention, greater efficiency and high quality underwriting products to benefit local business
Contribute to the modernization of the Angolan insurance market and generating profits for the Angolan economy
Create a culture of risk management in Angola

Contacts:
Board of Directors:
Eng Manuel Vicente, Chairman
Dr São Vicente
Mr A Hunter Long

E-mail: aaa@snet.co.ao
Telephones: 00 244 2 370722
00 244 2 370664
Fax: 00 244 2 370709
Address: Rua Major Kanhagulo, 10
Luanda
Republic of Angola

P.O. Box: AAA SERVIÇOS FINANCEIROS LDA
Caixa Postal 440
Luanda
Republic mail

AAA SERVIÇOS DE RISCO, LDA

AAA SERVIÇOS DE RISCO LDA is a company specialized in indentifying and evaluating risks. The services offered include:

Identification, assessment, analysis and evaluation of risks (risk surveys)
Asset valuation;
Maintenance and safety programs
Loss adjustment
Management of funds for the rehabilitation, decommissioning and abandonment of petroleum production equipment, facilities buildings and structures.

Contacts:
Mr A Hunter Long
Eng Eusébio Vunge
Eng Valdez Dias
E-mail: aaa@snet.co.ao
Telephones: 00 244 2 370722
                    00 244 2 370664
Fax: 00 244 2 370709
Address: Rua Major Kanhagulo, 10
Luanda
Republic of Angola
P.O. Box: AAA SERVIÇOS DE RISCO LDA
Caixa Postal 440
Luanda
Republic of Angola
AAA CORRETORES DE SEGUROS, LDA

AAA CORRETORES DE SEGUROS LDA is a retail insurance and reinsurance broker. The companies offers brokerage services in all classes of insurance and reinsurance in Angola.

Contacts:
Mr A Hunter Long
Eng Eusébio Vunge
E-mail: aaa@snet.co.ao
Telephones: 00 244 2 370722
                    00 244 2 370664
Fax: 00 244 2 370709
Address: Rua Major Kanhagulo, 10
Luanda
Republic of Angola
P.O. Box: AAA CORRETORES DE SEGUROS LDA
Caixa Postal 440
Luanda
Republic of Angola

AAA SEGUROS, SARL

AAA SEGUROS SARL is an insurance and reinsurance company in Angola. With US$ 15 000 000 paid up capital, AAA SEGUROS SARL underwrites all classes of insurance. The company was licensed in February 2001 and is currently insuring Cabinda Association, Block 14, Block 4.26 and SONANGOL EP among others.

Contacts:
Dr São Vicente
Dr Nelson Santos
Dra Muanha Santana
E-mail: aaa@snet.co.ao
Telephones: 00 244 2 370722
                    00 244 2 370664
Fax: 00 244 2 370709
Address: Rua Major Kanhagulo, 10
Luanda
Republic of Angola
P.O. Box: AAA SEGUROS LDA
Caixa Postal 440
Luanda
Republic mail

AAA PENSÕES, SARL

AAA PENSÕES SARL is a company that manages pension funds. Currently , AAA PENSÕES SARL is managing the SONANGOL EP PENSION FUND with a capitalization of $141 million and more than 7 thousand beneficiaries.

The company provides open and closed pension fund management services and develops Pension Plans and Technical-Actuarial Plans to manage the risks and contingencies of death, illness and permanent disability.

Contacts:
Dr São Vicente
Dr Manuel Moreira
Dr Domingos Ambrósio
E-mail: aaa@snet.co.ao
Telephones: 00 244 2 370722
                    00 244 2 370664
Fax: 00 244 2 370709
Address: Rua Major Kanhagulo, 10
Luanda
Republic of Angola
P.O. Box: AAA PENSÕES LDA
Caixa Postal 440
Luanda
Republic of Angola

AAA (ANGOLA) REINSURANCE LTD

AAA (ANGOLA) REINSURANCE LTD is the reinsurer incorporated in Bermuda. With US$ 1 000 000 is designed to become the reinsurance arm of AAA Companies. The company was formerly named MIRABILIS REINSURANCE LTD and acted mostly as a captive reinsurer of SONANGOL EP. Nowadays has enlarged its scope and provides all types of reinsurance services. Strategically, is positioned to become a player in the international reinsurance market.

Contacts:
Dr São Vicente
Mr Roy Fellows
E-mail: aaa@snet.co.ao
Telephones: 1 441 295 2244
Fax: 1 441 292 8666
Address: Cedar House
41 Cedar House
P O Box: HM 1179
Hamilton HM EX
Bermuda

ORGANIGRAME AAA FINANCIAL SERVICES




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© World INvestment NEws, 2002.
This is the electronic edition of the special country report on Angola published in Forbes Global Magazine. February 18th, 2002 Issue.
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