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Old 02-15-2015, 06:42 AM
 
931 posts, read 614,073 times
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White people have so business being in Africa since they don't have melanin.
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Old 02-15-2015, 02:22 PM
 
Location: London, UK
9,992 posts, read 9,958,399 times
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Quote:
Originally Posted by littlemissrock View Post
White people have so business being in Africa since they don't have melanin.
Pahaha
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Old 02-18-2015, 07:16 PM
 
Location: Miami, FL
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Around 200,000 Portuguese have moved to Angola in the last decade. This movement was spurred on by the boom in commodity prices, especially oil and natural gas. Due to a common language and a paucity of skilled workers, Angola became a natural place for Portuguese and to a lesser extent Brazilian engineers, architects, etc to earn far higher salaries than in their home countries. However, due to Angola producing nothing but oil, and incredibly high levels of corruption, the cost of living in Luanda was incredibly high for expats.

However, the recent crash in commodity prices has turned that boom into a bust. The problem is that Angola spent all of its oil wealth on infrastructure projects and failed to diversify its economy, much like other resource-booms of the past. Most of the Portuguese in the country were receiving salaries with contracts denominated in Euros or Dollars (hard currencies) rather than in the local Kwanza. These were deposited directly into banks in Portugal, the issue is that now salaries are starting to not be paid and Angola is experiencing a shortage of dollars and the local currency is devaluing rapidly. Lately, stories abound in the Portuguese media of late and unpaid wages.
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Old 02-23-2015, 10:31 AM
 
Location: Macao
15,945 posts, read 36,169,523 times
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This youtube clip is about half in Maputo, Mozambique, reporting on the Portuguese emigrating there:


https://www.youtube.com/watch?v=lGcrV4e6cT0
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Old 02-23-2015, 09:19 PM
 
Location: Allendale MI
2,532 posts, read 1,894,323 times
Reputation: 698
Quote:
Originally Posted by paul1981 View Post
Around 200,000 Portuguese have moved to Angola in the last decade. This movement was spurred on by the boom in commodity prices, especially oil and natural gas. Due to a common language and a paucity of skilled workers, Angola became a natural place for Portuguese and to a lesser extent Brazilian engineers, architects, etc to earn far higher salaries than in their home countries. However, due to Angola producing nothing but oil, and incredibly high levels of corruption, the cost of living in Luanda was incredibly high for expats.

However, the recent crash in commodity prices has turned that boom into a bust. The problem is that Angola spent all of its oil wealth on infrastructure projects and failed to diversify its economy, much like other resource-booms of the past. Most of the Portuguese in the country were receiving salaries with contracts denominated in Euros or Dollars (hard currencies) rather than in the local Kwanza. These were deposited directly into banks in Portugal, the issue is that now salaries are starting to not be paid and Angola is experiencing a shortage of dollars and the local currency is devaluing rapidly. Lately, stories abound in the Portuguese media of late and unpaid wages.
Luanda has a high cost of living because Angola's agriculture was destroyed during the civil war.
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