The Fundo Soberano de Angola logo displayed on a building, highlighting Angola’s sovereign wealth fund and financial stability.
Angola has recovered more than $5 billion stolen from state coffers so far this year, both at home and from abroad. The money, including $3 billion stolen from the sovereign wealth fund, had been siphoned off by corruption and money-laundering. An anti-corruption drive has accelerated in Africa’s second-biggest oil-exporting country since 2017, when Joao Lourenco became president, ending the nearly 40-year grip on power by Jose Eduardo dos Santos.
SOURCE: REUTERS AFRICA