Angola’s Sovereign Fund Pays US $100 Million to a Shell Company

On 22 January 2015, Angola’s Sovereign Wealth Fund (FSDEA) transferred the sum of 9 948 750 000 kwanzas (equivalent at the time to US$100 million) to the company Kijinga S.A. This company is nothing more than a shell company set up as a front for shady transactions by Banco Kwanza Invest (BKI), a bank created by the 36-year-old José Filomeno dos Santos “Zenú”, the current chair of the FSDEA and the son of the President of the Republic. Kijinga S.A. shares an office with BKI at 150 Avenida Comandante Jika, next to the Maternity Hospital in Luanda. This address has only one business door, which opens into a small waiting room where there is a reception area and two chairs for visitors. One of these chairs is usually occupied by a security guard, in addition to the guard on duty outside the door. The windows are darkened glass, which does […]

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