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Friday, 7 August 2009

Angolan Corruption ?

Anti-corruption campaign group has accused Angola of cronyism, with owners of a private firm bidding for oil concessions supposedly being top officials. According to Global Witness, shareholders in the privately owned Sociedade de Hidrocarbonetos de Angola (SHA) included top officials in the government and in state oil firm Sonangol, which regulates the sector and grants exploration licences. The accusations could embarrass Angola, keen to show its commitment to fight corruption and improve oil industry transparency as it tries to win help from the International Monetary Fund and Western donors. More detail via Reuters.

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