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ANGOLA AN ECONOMIC LEADER IN THE CONTINENT?

Angola and the economy in the Continent


Angola and the economy in the Continent. Angola is country found in the southern part of the continent with a history full of events and it is one of the six African countries that speak Portuguese as their official language. The other five countries are Cape Verde, Guinea-Bissau, Mozambique, Sao Tome and Principe and since 2011 Equatorial Guinea.

At a certain period of her history, just like in other African countries, slavery became the basis of local economy where by raids were carried deep interior to look for slaves. According to historyworld.net, about million men, women and children were shipped across the Atlantic. So sad indeed, our people were traded like commodities.

Following the Berlin conference in 1885 Angola was entrusted to Portugal and thus Angola became the territory of the former up to 1975 when it became independent. However, for many years the country experienced civil war of two rivals political parties of MPLA and UNITA. Since independence Angola has had two presidents; Agostino Neto (1922-1979) and Jose Eduardo dos Santos. Another prominent leader of the country was the leader of the opposition party UNITA Jonas Savimbi of (UNITA).

Angola is rich in oil and diamonds but the natural wealth has not been able to benefit most people in the country following the long civil war. The wealth benefits only a fraction of the population; this reflects what was said in “the animal farm” some animals are more animals than others.


According to World Bank, http://www.worldbank.org/en/country/angola/overview, Angola has made substantial progress in economic and political terms since the end of the war in 2002. However, the country continues to face massive developmental challenges which include reducing the dependency on oil and diversifying the economy, rebuilding its infrastructure, improving institutional capacity, governance, public financial management systems, human development indicators and the living conditions of the population. Large pockets of the population still remain in poverty and without adequate access to basic services and could benefit from more inclusive development policies.

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