In a new development, Mayor Eduardo Paes is actively confronting a growing, dangerous criminal trend in Rio de Janeiro. Criminal factions are extorting R$ 500,000 ($100,000) to permit the construction of Parque Piedade, a development with a budget of R$65 million ($13 million). This echoes a national issue of criminal influence on development projects. Rio’s […]
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Boston University reports that since 2000, China has lent Angola over $42 billion, with the largest portion going to Sonangol, Angola’s state-run oil firm. Angola has taken 258 loans, making up 26.5% of China’s total lending to Africa. Last year, China’s CATIC, a defense company, granted the latest loan. Energy and transport sectors have received […]