With projected debts of over $70 billion, about 70% of the national GDP, and an inflation rate of 24.75% as well as an unemployment level of 25%, the resource rich but heavily indebted Angola has decided to spend even more. The country would be spending $198 million to modernize its national airline and hundreds of millions more to re-builde its central airport – thanks to tainted China’s CIF Sam Pa’s consortium. It’s a story of mega corruption, total deceit and official recklessness. Under the ...
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Added October 13, 2018