Angola

Investment funds of Denmark invest millions in corrupt regimes

More than DKK 1 billion (EUR 135 million) is invested in African government bonds by the largest Danish investment funds. With no guarantee that the money is not spent on corruption or oppression.

Danish pension savings in regimes with tarnished reputations

If you have savings in one of the biggest pension funds in Denmark, you risk contributing financially not only to your retirement, but also to corruption and oppression in Africa.
Photo: DanWatch 2010

Paolo: The rich throw us away

Luanda Sul is a suburb of Luanda under construction. Here expensive villas and luxury apartments have been built. The people who lived here had to give way for the construction of the Angolan political elite and was moved to Campapa Dois.
Photo: DanWatch 2010

Minister: No proof of corruption

Angola’s Minister of Industry refuses that there is corruption in the government and accuses Western oil companies of coming to the country believing that they can bribe their way to lucrative contracts.
Photo: Matuko Amini

Bling-bling and mammon to the elite

Parties with colorful drinks and cars worth millions are major items on the Angolan state budget. This peppered with the favouring of the elite makes the country one of the most unequal in the world.

Maersk in partnership with corrupt oil state

The Angolan state-owned oil company Sonangol is infamous for bargains and for making demands for use of specific subcontractors. Nevertheless, A.P. Moller-Maersk collaborates in the quest for the black gold.