Recent Election Strengthens Democracy of Oil Rich Angola October 13, 2008 - Posted in Oil and Gas
The world witnessed a step towards a fundamental element of peace, stability and socio-economic development when Angolan citizens voted during the legislative poll held September 5, 2008.
An Australian professional mining company CityView Corporation is rewarded for its foresight and now revels in a most enviable position.
Oil is the backbone of Angola’s economy and they have some of the most ambitious projects in existence, not only in the region but in the world.
CityView CEO, Mark Smyth said, “The Government is investing a big chunk of its petrodollars rebuilding roads, railways and houses with the help of Chinese, Brazilian and Portuguese contractors. The days of hyperinflation are over”.
“What CityView provides is the practical business acumen and corporate governances so desperately needed in this bonanza where oil and diamonds make up 61% of the economy,” adds Smyth. ..... To further enhance their symbiotic relationship CityView is electing an Angolan as Chairman of the Company.
