Angola’s Attorney-General seizes buildings built using public funds

13 February 2020

More than 1,000 unfinished buildings, building yards and land, in the Vida Pacífica urbanisation (Zango Zero) and in Kilamba, built using public funds and which were in the possession of Chinese companies have been seized, said the Attorney-General of the Republic of Angola (PGR).

The statement from the PGR also said that the seizure of property will be maintained, while criminal proceedings are underway, as part of the recovery of assets of the Angolan State.

“The properties that were in the possession of the China International Fund- CIF, Limited (CIF Hong Kong) and China International Fund Angola – CIF, Limitada, will be entrusted to the Ministry of Spatial Planning and Housing,” the statement said.

The list of assets seized, at the request of the National Service for Recovery of Assets, includes 24 buildings, two nurseries, two nautical clubs, three building yards and their adjacent land, a total area of 114 hectares in the Vida Pacífica (Peaceful Life) urbanisation (Zango Zero), municipality of Viana, Luanda.

The list also includes 1,108 unfinished buildings, 31 bases for the construction of buildings, 194 bases for the construction of houses, a shipyard and their adjacent land, in an area of 266 hectares, located in the urban district of Kilamba, municipality of Belas, in Luanda.

CIF Limited is a private company with headquarters in China and Hong Kong and an office in Beijing, founded in 2003, to finance projects for national reconstruction and development of infrastructure in developing countries, especially in Africa. (macauhub)