Angola cancels $77 million road-building contract with Cuba

Angolan President João Lourenço

From our Predictable Outcomes Bureau

Imagine placing Castro, Inc. in charge of a massive building contract, which is analogous to hiring a deaf and blind quadraplegic with brain damage to move your furniture to a new house. Well, Mildred… Angola’s former president did it:. He forked over millions of dollars to Castro, Inc. expecting to actually get something in return.

Naturally, Castro, Inc. did nothing –zero– for the past three years after pocketing some of those millions.

The current president of Angola has just said “basta, ya!” and cancelled the contract. And, as one might expect, some of the powerful individuals responsible for the failed deal have been accused of fraud and other high crimes.

Socialism in action, again!

Ay, Lourençito, no seas tan pesa’o

Loosely translated from Diario de Cuba

The Angolan government canceled a $ 77 million contract for road construction with the Cuban military company Imbondex, part of the GAESA conglomerate, Africa Intelligence reported.

Angolan President João Lourenço canceled the contract with Imbondex for “breach of contract” on December 10 and opened a new tender for another company to take over the works.

The company controlled by the Revolutionary Armed Forces (FAR), never started the construction of 283 km of roads and 375 meters of bridges, in the province of Bengo, mainly in sections of the National Highway 230.

The Cuban government took over this project in April 2017, without public bidding, by decision of the former Angolan president, José Eduardo dos Santos. His daughter, Isabel dos Santos, is accused of the alleged crimes of fraud, diversion of public funds and money laundering.

Continue reading HERE in Spanish

1 thought on “Angola cancels $77 million road-building contract with Cuba”

  1. Well, the Angolan president certainly looks more professional and presidential than Cuba’s “president.”

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