From Colonialism to Oil Riches: Wealth and History of Luanda, Angola.
From Colonialism to Oil Riches: Wealth and History of Luanda, Angola.
From its roots as a Portuguese colony and slave trade center to its role in the diamond and oil industries, Luanda has a rich and complex history that has shaped its economy and society today. In this video, we’ll take a deep dive into the history of Luanda and explore the factors that contributed to its current state of affluence.
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Angola 🇦🇴❤
Through a series of financial transactions facilitated by dubious middlemen, hundreds of millions of dollars were diverted from Russian and Angolan treasuries into the pockets of politicians, businessmen and arms dealers. This money was transferred through shell corporations via a number of banks based in secrecy jurisdictions Switzerland, Luxembourg, Cyprus, and the Netherlands.