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Article: Angola: the blessing and curse of oil. (Countryfile).
- Article from:
- African Business
- Article date:
- January 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 IC Publications 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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Oil and diamond revenues will fill government coffers but will not necessarily provide the mass of the people with income. Unless Angola's economy can begin an upturn, writes Neil Ford, the current peace may not last.
Mhile the macro-economic figures may improve as the oil industry continues to expand and the diamond sector is brought under government supervision, oil and diamonds will not provide an income for the bulk of the Angolan population. Oil revenues can fund infrastructural investment - plus improved health and education systems, if the government chooses - but they will do little to provide an income for most Angolans, nor will they keep former Unita ...
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