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EXXAfrica, corporate

EXXAfrica,

13.01.2020 - 11:18:27

EXXAfrica: Angola Shadow State Executives imperil Privatisation Agenda

publishes a special report on Angola shadow state executives who imperil the country's privatisation process

Using a high-profile anti-corruption campaign as a distraction, the Angolan political and business elite is once again deeply entrenched in embezzling funds from Sonangol contracted services.

Ongoing trials and investigations in Angola display a lack of judicial due process and government bias in politically motivated targeted prosecutions, as well as public tarnishing of senior judges and prosecutors.

This pattern bodes ominously for the IMF-backed privatisation agenda in which the ruling elite will seek lucrative stakes in state assets through opaque financing structures.

The transition of political power in Angola has failed to root out entrenched state corruption over the past two and a half years, while the current government is engaged in new forms of fraud and embezzlement of state revenues.

For any further comment or a full copy of the report, please contact info@exxafrica.com

Media Contact: Robert Besseling Executive Directorrobert.besseling@exxafrica.comhttps://www.exxafrica.com

About

EXX Africa is a specialist intelligence firm providing analysis and forecasts on political, security, and economic risk across all African countries. The company was founded in 2015 and has since become a leading risk advisory and consultancy with a broad network of clients ranging from DFIs, banks, traders, corporates, and insurers, to governments and military forces worldwide.

13.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

951861  13.01.2020 

@ dgap.de