Angola
The fall in the price of oil has hit the Angolan economy. Hospitals across the country are running low on basic resources, including medicines.
There are food shortages in the North, as well as heavy drought in the South. From Cabinda to Namibe in the country’s growing landscape, empty shelves in the stores are proof of the government’s lack of response in an increasingly frustrating situation.
The situation is no better on the macroeconomic scale where double-digit inflation is taking a toll on a not-so-well economy.
According to the National Institute of Statistics, inflation in the capital, Luanda did some 1.4 percent between September and October last year.
In the first quarter of 2016, the Kwanza currency has been devalued by 26 percent. According to the United Nations Development Program, Angola has the least diversified economy in the world after Iraq.
Oil accounts for 45% GDP & 95% of exports in Angola. #Africa #Angola #Economy.
— Thabiso Msimanga™. (@TMsimanga91) March 7, 2016
02:29
DRC: concern over the potential development of oil drilling
Go to video
Activists urge Nigeria to delay Shell's $2.4 billion sale of assets in deeply polluted Niger Delta
01:13
AFCON 2023: Nigeria edges past Angola, DR Congo triumphs over Guinea in quarterfinals
01:20
Nigeria, Angola gear towards AFCON quarter-finals kick off
01:00
AFCON 2023: All you need to know on the quater-final matches
00:56
US secretary of state to visit Cape Verde, Ivory Coast, Nigeria and Angola