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Article: Oil boom could still be false hope for Angola; Discontent clouds Angola's oil boom. Paul Simao, special correspondent, investigates.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- July 31, 2006
CopyrightCOPYRIGHT 2006 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Paul Simao
An oil-driven economic boom has made Angola the toast of the town in boardrooms from Houston to Beijing.
But on the outskirts of the African nation's bustling capital of Luanda, the talk is not of a more prosperous future but rather of a stolen one.
Led by a collection of reformed Marxists and Western-leaning technocrats, Angola's government is struggling to convince sceptical citizens that it will use the proceeds of vast oil reserves to improve living standards in a country shattered by a brutal 27-year civil war.
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