Publication

This paper considers Angola’s political context following the first democratic elections held in 16 years and the consequent shuffles in the corridors of power. Developments in Angola’s oil, construction and finance sectors are also examined. As with several African countries, it appears that limited global integration has for once played in Angola’s favor. While external risks are posed by violently fluctuating oil prices, and the monumental internal challenges of national reconstruction and development are evident, at least on paper, Angola’s prospects are bright for the moment. The key to long-term sustainable growth, particularly in the current global context, will be in the more equitable redistribution of Angola’s considerable wealth.