Mike Pompeo takes aim at corruption and Chinese investment in Angola
- US secretary of state is eager to promote US investment as an alternative to China, which holds the lion’s share of Angola’s foreign debt
- Isabel dos Santos, the former president’s daughter, became Africa’s richest woman but now stands accused of massive fraud
US Secretary of State Mike Pompeo denounced corruption and touted American business on Monday during the second leg of an African tour in Angola, where the government is seeking to claw back billions of dollars looted from state coffers.
Pompeo is aiming to promote US investment as an alternative to Chinese loans while assuaging concerns over a planned US military withdrawal and the expansion of visa restrictions targeting four African countries.
In Angola’s capital Luanda, Pompeo met with President Joao Lourenco, who took office in 2017 promising wide-ranging economic reforms and a crackdown on the endemic corruption that marked his predecessor Jose Eduardo dos Santos’ four-decade rule.
“Here in Angola, damage from corruption is pretty clear,” he told a group of businessmen following that meeting. “This reform agenda that the president put in place has to stick.”
Here in Angola, damage from corruption is pretty clear
