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Vol 58 No 3

Published 3rd February 2017


Naval deal under spotlight

Luanda's latest lavish defence contract has eerie echoes of Mozambique's controversial naval procurement

Angola is planning a major expansion of its navy with the help of Privinvest Group, the company which supplied fishing vessels and high-technology military patrol boats to Mozambique. Those deals left Mozambique saddled with a ruinous US$2 billion of extra debt. Privinvest announced its new project with the Angolan navy last September but questions are still being asked about the advisability and viability of the massive contract. It comes at an especially challenging time for the public purse.

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