A housing shortage near Chevron Corp.’s residential compound in Cabinda province of Angola, Africa’s second-largest crude oil producer, is driving a construction boom as more than a decade of peace following a civil war lessens the need for fortified dwellings.
In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
Huambo is emerging from the ruins left by a 27-year civil war in Angola, Africa’s second-biggest oil producer, by using a new power plant, a location on the transnational Benguela railway and a temperate climate to lure investors.
Angolan President Jose Eduardo dos Santos’s reiteration of comments that he’s beginning to consider stepping down won’t affect the country’s drive for investment, analysts including Mike Davies of Kigoda Consulting said.
Kuwait’s top court threw out a request by the government to change voting laws, in a victory for opposition campaigners who are demanding that the ruling family hand more powers to elected politicians.