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

From This Is Africa Thu Jan 3 2013, 08:00:00

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:  Hasta La Visa - When Travelling Takes a Wrong Turn (news)
allAfrica.com
19 October 2017

We all know traveling is great - learning about new places and cultures while posting selfies to make friends on Facebook jealous is always fun, but what about when it's not? Sometimes things go ... [read more]

Afrique:  Les États s'engagent à atténuer les souffrances et à réduire les décès dus à des MNT (press release)
World Health Organization
19 October 2017

 Des chefs d'État et de gouvernement ainsi que des ministres du monde entier se sont engagés aujourd'hui à prendre des mesures ambitieuses et nouvelles pour atténuer ... [read more]

Africa:  Does Africa Really Want a Continental Parliament? (analysis)
Institute for Security Studies
19 October 2017

It's just one of the many ironies of the African Union (AU) that two of its most important recent instruments - which theoretically increased the continent's judicial and legislative powers - are both ... [read more]



blogAfrica is allAfrica.com'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!