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Vol 54 No 8

Published 12th April 2013


Mozambique

The Quionga network

General Alberto Joaquim Chipande’s key business move was the formation of Quionga Energia SA this January. Also involved are his long-time ally Gen. Raimundo Pachinuapa and former Finance Minister Abdul Magid Osman’s company Epsilon Investimentos SA. Quionga is intended to act in the same way as private companies set up by Angolan government leaders to harvest profit from offshore oil exploration without having to invest, Africa Confidential understands.

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