Talking Africa podcast

Angola: Where did all the money go?

By Nicholas Norbrook

Posted on July 17, 2019 09:49

The Angolan government is estimated to have earned $600bn in oil revenue since 2002. But over $100bn has gone missing.

The post-war reconstruction coincided with huge rise in oil prices, and the rise of China’s presence in Africa.

Some $600bn was generated in oil sales over that period. A large chunk of it went missing.

So where did all the money go? Who are the characters involved? What is being done to get it back?

In the latest edition of The Africa Report magazine, we investigate.

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