Most Angolans live in poverty despite huge oil wealth

By Incorrect Author 8 December 2009

Some 60% of Angola's population live in poverty seven years after the end of the country’s 27-year civil war, and the rebirth of the nation as one of Africa's top oil producers. Now, President Jose Eduardo dos Santos is worried that rampant corruption is tarnishing the country’s image. In a speech to the ruling MPLA party's national congress, he asked officials to tackle the embezzlement of assets from the public and the party. That will be hard to do as the same people he spoke to are largely responsible for the graft. The MPLA has been in power for the past 34 years, but the majority of Angola’s people are hungry and lack even the basics of water supply, health-care and habitable homes. The MPLA has been rebuilding Angola on the back of record oil exports and multibillion-dollar loans from China, but much of that cash goes into the pockets of officials, with Angola ranking as one of the world's 18 most corrupt nations, according to Transparency International. Read more: Reuters, World Socialist Web Site

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


Election 2019

Maimane takes hardline on illegal immigration at DA’s 2019 campaign manifesto launch

By Ferial Haffajee

Canola oil is named such as to remove the "rape" from its origin as rapeseed oil.