Angola: Debt Trap Versus Unlimited Access to Mineral Resources

Angola Transparency

By Prof.N’gola Kiluange

Washington D.C —With the arrival of the Biden administration to the White House, Angolans have rising expectations regarding the improvement of economic, financial, cultural, and commercial relations between Angola and the United States.

Since Angola’s independence from Portugal in 1975, the country has irregularly attempted elections, and the ruling party actively suppresses free and fair elections.

Angola’s endemic corruption continues to plague the citizens, particularly the most vulnerable groups: the elderly, children, and women.

Notably, as of 2015-2016, the National Statistics Institute of Angola showed “the incidence of poverty at the national level stands at 54.0%, that is, more than 5 out of 10 people in Angola are multidimensionally poor.”

Despite the rampant and despairing conditions of poverty, Angola’s oil industry generated $280 billion in tax revenue from 2002 to 2014.

I draw attention to an Angolan economist, Alves da Rocha’s reporting in Euronews, stating the country…

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Author: angolatransparency

-Impulsionar os cidadãos angolanos a questionarem como o erário público é gerido e terem a capacidade de responsabilizar os seus maus gestores de acordo com os princípios estabelecidos na Constituição da República --Boost the Angolan citizens to question how the public money is managed and have the ability to blame their bad managers in accordance with the principles laid down in the Constitution of the Republic-------------- Prof. N'gola Kiluange (Serafim de Oliveira)

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