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Mystery surrounds the 'social bonus fund' set up from proceeds of the oil licence payments from blocks 31-34. Touted as proof that big oil investors could nudge Angola's government towards responsible development spending, the fund should now contain over US$100 million. Yet no accounts have been published and reports of its activities are limited to occasional news items about projects costing a few thousand dollars....

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Keywords:

Francisco Higino Carneiro, Portuguese, Luxembourg, Cape Verde, Fernando da Piedade dos Santos, Nando, Desidério Costa, Mario Palhares, Aguinaldo Jaime, Mário Pizarro, Salomão Xirimbimbi, South African, José Eduardo dos Santos, Britain, Mozambique, Nigeria, José Manuel Durão Barroso, nomenklatura, Banco Africano de Investimentos, Banco Comercial Angolano, Caixa General de Depositos, Montepiu, Banco Espirito Santo

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