Revelations in the Economist: The Queensway syndicate and the Africa trade
Anti-corruption campaigner, Global Witness, has released the results of a months’ long investigation into the shadowy China Sonangol syndicate. The Economist ran an in-depth feature article on August 12th based, in part, on the Global Witness investigation. China Sonangol, known also as The China International Fund or the “Queensway Syndicate” is a corporate partnership that started trading oil in Angola and now operates in oil markets around the world. The Economist article is a must-read for anyone interested in oil and the so-called “resource curse.” The Global Witness report provides more information, as well as proposals for curtailing this type of illicit trading.
