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Old 02-01-2016, 09:36 AM
 
Location: Somewhere flat in Mississippi
9,590 posts, read 9,471,533 times
Reputation: 6760

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With oil prices collapsing, Angola and other oil-producing nations in Africa have to diversify their economies somehow.

Can Angola

Can you believe Luanda, the capital of Angola, is very expensive for expats to live in?

Angolan capital remains 'most expensive city' for expats - BBC News

And yet it has problems like this:

https://www.enca.com/africa/luanda-drowns-its-rubbish
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Old 02-01-2016, 01:29 PM
 
Location: Macao
15,956 posts, read 36,274,076 times
Reputation: 9496
Quote:
Originally Posted by Mouldy Old Schmo View Post
With oil prices collapsing, Angola and other oil-producing nations in Africa have to diversify their economies somehow.

Can Angola

Can you believe Luanda, the capital of Angola, is very expensive for expats to live in?

Angolan capital remains 'most expensive city' for expats - BBC News

And yet it has problems like this:

https://www.enca.com/africa/luanda-drowns-its-rubbish
I believe it. I'd imagine that all the wealth from oil is going to corporations, consultants, foreign investors, foreign employees, local government (who isn't distributing back to the city), etc.
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Old 02-04-2016, 09:17 AM
 
Location: Baton Rouge, LA
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I hope countries such as Angola will diversify their economy and improve over time. However, countries like this are usually run by extremely corrupt leaders (dos Santos in this case) that tend to impede progress in favor of filling the pockets of them and their cronies. Remember Mobutu?
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Old 02-04-2016, 10:51 AM
 
Location: Historic West End
4,238 posts, read 3,610,181 times
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Its never wise for any nations or city to be one sector dependent. Diversification has always been best and keeps the nation independent from depending on other nations to give you a handout.
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Old 08-22-2017, 01:57 PM
 
Location: West Coast of Europe
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Tomorrow Angolans will elect a new president as the old one finally goes away, after 33 years in office, and he probably wouldn't even go if it weren't for his poor health.

His legacy is typical African, i.e. an impoverished, oppressed population and a filthy rich, corrupt elite.
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Old 08-23-2017, 06:07 AM
 
Location: West Coast of Europe
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Oops, 38 years even, not 33
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Old 08-23-2017, 06:18 AM
 
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I know someone who worked in Luanda. He said not only was it is very expensive for expats but also very dangerous. His company had a compound for their employees to live and everyone was given a local driver.
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Old 08-23-2017, 06:51 AM
 
Location: West Coast of Europe
21,654 posts, read 19,406,532 times
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Oh yes, Luanda is absurdly expensive if you insist on a certain quality of life (which would only be considered middle-class in Europe or the US, though), more expensive than NYC or London.
Angola is among the countries consuming most champagne, yet the vast majority of the population lives in poverty, without running water, sanitation, electricity, infant mortality is very high...
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Old 08-23-2017, 01:22 PM
 
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How well has Angola used it's oil wealth to develop it's transportation and power infrastructure? Without decently developed transportation infrastructure and electricity they will have a harder time diversifying their economy. Too many African countries still have issues with a lack of good roads,highways,bridges and rail ways.You need these things to get goods and people around a country. Many countries also lack electricity in rural areas. Many businesses will need electricity.
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Old 08-29-2017, 02:25 PM
 
Location: Maryland
18,627 posts, read 16,481,497 times
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Quote:
Originally Posted by Chava61 View Post
I know someone who worked in Luanda. He said not only was it is very expensive for expats but also very dangerous. His company had a compound for their employees to live and everyone was given a local driver.
That's because they import everything with their petrodollars they don't produce much of anything else. You can however follow Ms. Dos Santos, who is widely believed to be the richest woman in Africa, on Instagram. Shes very prolific on there. She just had a baby a few weeks ago.
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