Angola: Sonangol's Slush-Fund Salary Payments

analysis

Concerns over the mal-administration of the Angolan oil giant, Sonangol, continue to multiply, as the country's prime source of foreign income haemorrhages millions of dollars on foreign (mainly Portuguese) 'consultants' close to the President's daughter while defaulting on essential payments.

Isabel dos Santos, appointed by her father to run Sonangol last June, maintains the PR fiction that her objectives are to "raise transparency" and "improve management practise" at the state-owned petroleum giant.

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