Specialist risk intelligence firm EXX Africa publishes a new report looking into the background of the ongoing anti-corruption campaign in Angola. The full report is available on request and key findings are presented below.

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LONDON, UK -�Media
OutReach�- 20 January 2020 -�EXX Africa�publishes a special report on Angola shadow state executives who imperil the
country's privatisation process.

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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.

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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.

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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.

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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.

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For any further
comment or a full copy of the report, please contact [email protected]

The issuer is solely responsible for the content of this announcement.

About EXX Africa

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.