Transparency has not been a major feature of China Sonangol’s and China
International Fund’s activities in Africa, but one of the investment
vehicles is now embarking on a human-resources drive to bring in
professional staff to run the company less like an opaque business
network and more like a professional multinational corporation. The
moves are being made so that Sonangol President and China Sonangol
Chairman Manuel Vicente, who is tipped by ruling party insiders
for the Angolan presidency, can focus his attention elsewhere....
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