Corruption in Angola, Money-Laundering in Portugal and the Impact on Human Rights
Rather than addressing corruption in Africa in general, this brief paper focuses on a particular case study, Angola. The rationale for this analysis lies in the paradoxical combination of the following factors: for the past decade, the country has had the fastest growing economy in the world; it is the third-largest economy in Sub-Saharan Africa; it ranks among the most corrupt regimes worldwide and has some of the lowest levels of human development. In recent years, the national oil company Sonangol and Politically Exposed Persons (PEP’s) have invested billions of euros in the European Union, particularly in Portugal. On February 14, the National Assembly passed Angola’s 2013 state budget – the largest ever, to the tune of US $69 billion. This unprecedented budget and the country’s steady economic growth have the potential to transform the lives of Angolans. It is estimated that two-thirds of the 19 million Angolans still live […]
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