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Vol 2 (AAC) No 11

Published 1st September 2009


Angola

The Luanda-Beijing axis targets Guinea

Guinea's military ruler Moussa Dadis Camara set up a commission on 28 August to manage a planned US$1.6 billion investment from the China International Fund. The CIF is 70% owned by New Bright International Development and 30% by Sonangol Exploration and Production. The commission will be led by Minister of Construction Boubacar Barry and its members include Minister in the Presidency for Economic Affairs Captain Mamadou Sande and Mining Minister Mahmoud Thiam. The opaque relationships formed in Angola between officials in Luanda and companies in Hong Kong through the CIF are taking wing and the target is Guinea.

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