""If you look at the Angolan strategy through the prism of parochialism, nationalism and good ol' power plays and vested self interest, then cutting a deal with CVI makes perfect sense.
Dealing with a super power runs the risk of conceding too many concessions in other areas (eg imports of chinese goods) and being at the mercy of a stake holder with the leverage to lock in long term undervalued contracts to itself. Other countries in africa have conceded monopoly powers to chinese in various sectors eg agriculture, construction etc,,
Possibly, the Angolans know that CVI, could be its white knight in any future power plays on its commodities (oil/gas, copper, diamonds,,).""
oke: very well said. The question has been put to this forum several times with varying answers that never quite hit the mark. Yours does for me. Normaly it is the US that carries the "Big stick" with the banana republic's getting their clocks cleaned.
CVI Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
