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Vol 44 No 23

Published 21st November 2003


Luanda's money-go-round

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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