Angola: Isabel dos Santos companies excluded from Caculo Cabaça

Issue 374 - 27 Jul 2018 | 1 minute read
President João Lourenço has issued a decree modifying the contract for the construction of the 2,172MW Caculo Cabaça dam with the removal of companies associated with controversial businesswoman Isabel dos Santos. Decree 79/18, dated July 12 and signed by Lourenço, states that the contract must be modified to remove the consortium of China Gezhouba Group Company (CGGC), Niara Holding and Boreal Investment, and give sole rights to CGGC.

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