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RSS FeedsHow a wolf in sheep´s skin kidnapped Angola
(WorldNews Business)

 
 

13 october 2018 11:46:51

 
How a wolf in sheep´s skin kidnapped Angola
(WorldNews Business)
 


INTERNATIONAL - With projected debts of over $70 billion (R1 trillion), about 70 percent of the national gross domestic product (GDP), and an inflation rate of 24.75 percent, as well as an unemployment level of 25 percent, the resource-rich but heavily indebted Angola has decided to spend even more. The country would be spending $198 million to modernise its national airline and hundreds of millions more to rebuild its central airport - thanks to tainted China´s CIF Sam Pa´s consortium. It is a story of mega corruption, total deceit and official recklessness. Under the pretext of reforms, J Lourenco´s extravaganza has been overshadowed by Sonangol´s chairperson and his economic advisor to...


 
9 viewsCategory: Business
 
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