True, he started off as Marxist (a notion that was very trendy in Europe at the time and arguably explains the EU's current economic mess!) and ended up as a free market capitalist embracing democracy (to a degree) which is why the US switched its support from Unita to the MPLA.
The best example that I can think of with the progress against corruption in Angola is to the best of my knowledge is that the joint venture company (Rosa Petalas) in the Lulo JV is only for the Lulo community and has no military involvement. This to my knowledge is a first for Angola where every mining venture that I've seen has always had the Angolan Army (FAA) having an indirect stake.
Rosa Petalas nominee to the Lulo management committee is in charge of the Angolan Government's airport authority.
Also, look at SDM and Catoca, they both have made massive investments in their respective local communities which have demonstrated tangible benefits for those people
LOM Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
