Since the end of its three-decade long civil conflict in 2002, Angola has registered strong growth fueled by crude oil exports, allowing high public spending and driving the emergence of the country’s consumer class. Since the oil price decline—and quick rebound—of…
Letters from Africa: “Angola is a sea of opportunities but an ocean of difficulties”
I have already discovered this on my first day of touching ground in Luanda. Even though I knew Angola’s capital is famously the most expensive city in the world, prices are even beyond one’s wildest imagination. A pretty average hotel…
Eight big questions for Africa in 2012
(Tradition continues along Mozambique’s Maputo Development Corridor) Part one With unprecedented levels of investor interest both on merit, and because growth may well prove elusive elsewhere, 2012 promises to be an exciting year for sub-Saharan Africa. In this two-part series,…
Monthly Regional Insights: Middle East & Africa
Consumers are struggling with higher food and fuel prices across the emerging markets of Middle East and Africa as external factors such as high commodity prices and regional unrest combine with internal factors including strong domestic demand. Next month, Ramadan…