Vera Daves

Vera Esperança dos Santos Daves De Sousa (born 1984) is an Angolan politician who has been the country's Minister of Finance since 2019.

Vera Esperança dos Santos Daves De Sousa
Minister of Finance
Assumed office
8 October 2019
Preceded byArcher Mangueira
Personal details
Born1984 (age 36–37)
Luanda
NationalityAngolan
Political partyPopular Movement for the Liberation of Angola
Alma materCatholic University of Angola

Early life and education

Daves was born in Luanda and has a degree in economics from the Catholic University of Angola.[1][2]

Career

Daves was the head of research for a local bank in 2011, and became a regular commentator on TV discussing finance and the economy.[1][3] The chair of the Capital Markets Commission, Archer Mangueira, saw her on television and invited her onto the board.[3] She was the executive administrator of the commission from 2014 to 2016[2] and replaced Mangueira as head of the commission in 2016.[4][3]

Daves is the co-author of a book on public finance with Alves da Rocha, a professor of economics.[1][3]

Daves served as Angola's Secretary of State for Finance and Treasury before being appointed by President João Lourenço as Minister of Finance on 8 October 2019 at age 35,[1][4][3] the first woman to hold the role.[4][2] She succeeded Mangueira, who left the role to become governor of Namibe Province.[3][5] Daves joined the Political Bureau of the ruling MPLA party at an extraordinary congress shortly before her appointment.[2] She has been described as a "very disciplined, well prepared and competent technician."[2]

When she took on the role, Daves was tasked with restructuring the country's economy, Africa's fifth largest.[4] In March 2020, she announced that the country was in a recession,[6] and that the Finance Ministry was revising the General State Budget due to the impact of the COVID-19 pandemic[7] and in April, she announced all contracts whose funding had not been secured were suspended based on the low price of oil and the impact of the pandemic on public finances.[8]

References
  1. Akpah, Prince (18 June 2020). "Women Rising: Meet Africa's only 2 female finance ministers". Africa Feeds. Retrieved 19 June 2020.
  2. dos Santos, Edjaíl (13 October 2019). "Who is Vera Daves, the first woman to lead Angola's Finance?". Jornal Economico. Retrieved 19 June 2020.
  3. Almeida, Henrique; Vollegraaff, Rene (6 November 2019). "In Angola, a 35-Year-Old Woman Steps Up to Boost the Economy". Bloomberg. Retrieved 19 June 2020.
  4. Eisenstein, Zoé; Smith, Patrick (20 March 2020). "Angola: Finance Minister Vera Daves has one of Africa's toughest jobs". The Africa Report. Retrieved 19 June 2020.
  5. "Vera Daves appointed Finance minister". Agência Angola Press. 9 October 2019. Retrieved 19 June 2020.
  6. Silva, Graciosa (27 March 2020). "Vera Daves announces recession". Ver Angola. Retrieved 19 June 2020.
  7. "Angolan government prepares revised budget for 2020". Macau Hub. 30 March 2020. Retrieved 19 June 2020.
  8. "Angola suspends all contracts without guaranteed funding". Macau Hub. 22 April 2020. Retrieved 19 June 2020.
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