Sunday, July 1, 2012

Luanda is booming

"Angola is now one of Africa’s economic successes—thanks almost entirely to oil. With a population of 20m, it has Africa’s fifth-biggest and fastest-growing economy. Between 2004 and 2008 its GDP surged by an average of 17% a year, topping 22% in 2007. It is the continent’s second-biggest oil producer after Nigeria. Foreign investment is pouring in at a rate of more than $10 billion a year. In the past decade GDP per person is said to have tripled."
--http://www.economist.com/node/21557811

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