Luanda, the metropolitan capital of Angola, is the most expensive city in Africa – and in the world — for expats and expatriates. This is according to the 2015 Cost of Living Survey published by U.S- based Mercer Consulting. This survey by […]
The kwanza, Angola’s national currency, since 11 November, can be traded in both France and Portugal, according to a statement from Portuguese foreign exchange company NovaCâmbios. In Mozambique and Namibia, where the company has branches, “we are waiting for authorisation […]
100,000 Portuguese have emigrated to Angola since the eurozone crisis began. The trade in diamonds and oil has sparked a construction boom in Luanda. Ourreporter meets an architect from Portugal who is shaping the new Angola. Whilst it is important to recognize Angola’s rise and the migration of people from Europe to cities like Luanda, it is important to maintain a critical lens, always asking the most important question, “How has the development affected Angolans?” And are Africans part of the development agenda? Skyscrapers are great but not nearly as important as having the quality of life of an Angolan rise as the economy booms.
Angola’s economy rebounded strongly after experiencing slow growth due to oil and financial crises. Economic growth is expected to reach 8.2% in 2013, and 7.8% in 2014, driven by the expansion in the oil and gas sector and a public […]
Angola is offering financial aid to debt-ridden Portugal. The Economist recently declared Africa a “hopeful continent” after years of writing it off as “hopeless.” More than a million Chinese are in Africa exploring opportunities in villages and cities. The continent […]