Angola's Black Gold: what lies ahead, resource curse or a glorious future?

From This Is Africa Thu Jan 3 2013, 03:00:00

An offshore platform - Resource-rich Angola is the second-biggest oil producer in sub-Saharan Africa, turning out more than 1.9 million barrels per day . If there is one thing that does not worry Angola, it is oil. This year's pre-salt oil discoveries mean that within 15 years, the country could become Africa's number one oil producer and shoot up from number 16 to the world's top 5. Optimists see skyrocketing economic and geopolitical potential; critics think Angola's success story could end in a Michael Jackson-style tragedy.

[view whole blog post ]
 See More    |     Report Abuse

You might also be interested in the following news stories:

Africa:   Beyond Blame - Shaping a New Agenda On Climate Change (analysis)
Chatham House
24 November 2015

There is a win-win agenda waiting for African leadership to seize - which must start from the realization that acting on climate change is firmly in national as well as collective interests. [read more]

Africa:   How the New Peace and Violence Development Goals Can Be Met (analysis)
The Conversation
22 November 2015

For the first time, issues of violence and peace are part of a global development framework. The recently launched Sustainable Development Goals aim to "significantly reduce all forms of violence and ... [read more]

Africa:   Keep Family Farms in Business With Youth Agripreneurs (opinion)
Inter Press Service
23 November 2015

Finding a way to allow youth to contribute their natural and ample energies to productive causes is increasingly the touchstone issue that will determine future prosperity. [read more]

blogAfrica is's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!

Today's Featured News
Mozambique Ruling Party Faces Tough Contest

Renamo supporters: Ruling Frelimo faces a stern challenge at Wednesday's polls from...

Surge in Central African Republic Violence

African Union troops in Bangui (file photo): The UN has expressed alarm...

Nigeria, Cameroon, Ghana Get Crucial Wins

Asamoah Gyan of Ghana (file photo): The Super Eagles have boosted their...