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Vol 2 (AAC) No 12

Published 1st October 2009


Angola

How the Sino-Angolan alliance works

The China International Fund (CIF) was born in the aftermath of Angola's civil war as the Luanda government embarked on Africa's costliest post-war reconstruction, fuelled by oil, gas and mineral resources. Founded in 2003 by Dayuan International Development (then Beiya International Development), CIF has financed well over US$3 billion of business in Angola, mostly channelled through the Gabinete de Reonstrução Nacional, a body set up in 2004 to allow President José Eduardo Dos Santos and his ally General Helder Viera Días to manage these huge investments.

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