By Henrique Almeida LUANDA, Sept 1 | Wed Sep 1, 2010 8:46am EDT
(Reuters) – Angola’s ruling MPLA party emerged victorious from a 27-year civil war in 2002 promising a better life for Angolans but this dream is fading as corruption is rife and the government is seen failing to help the poor.
Despite their nation’s vast oil resources, millions of Angolans live in poverty with an estimated two-thirds of people in the country living on less than $2 a day.
Other problems include uncertainty around a possible successor to President Jose Eduardo dos Santos, liquidity problems in the banking sector and heavy dependence on oil.
Many of the issues feed demands for more government transparency and accountability as Angola tries to regain investor confidence after the global financial crisis. More……….