Angola Vows to Fight ‘Cancer’ of Corruption as Economy Recovers
- President Lourenco says he won’t back off from fighting graft
- Expects economy to recover next year after contracting in 2018
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Angolan President Joao Lourenco pledged Thursday to continue his fight against “the cancer of corruption” and roll back the African nation’s oil dependency by investing in other sectors of the economy to bolster growth.
Battling graft has been a cornerstone of what Lourenco has called the “new Angola” since taking the helm of Africa’s second-biggest oil producer last year from Jose Eduardo dos Santos, who ruled for 38 years. Angola is ranked one of the world’s most corrupt nations by Transparency International.