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Vol 4 (AAC) No 12

Published 1st October 2011


Angola

China Sonangol is open for business

Transparency has not been a major feature of China Sonangol’s and China International Fund’s activities in Africa, but one of the investment vehicles is now embarking on a human-resources drive to bring in professional staff to run the company less like an opaque business network and more like a professional multinational corporation. The moves are being made so that Sonangol President and China Sonangol Chairman Manuel Vicente, who is tipped by ruling party insiders for the Angolan presidency, can focus his attention elsewhere.

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