Petroleum giant Angola, a land of contrasts
Where does the money go?
Angola ranks 168th out of 182 countries on Transparency International’s Corruption Index. The regime faces accusations of embezzlement of funds. What happened to the US$32 billion (24 billion euros), which the state-run oil company Sonangol earned between 2007 and 2010? It says that the money flowed into infrastructure projects. However, it remains unclear which projects these were.
Author: Renate Krieger / so
| Editor : Susan Houlton