How Oil Is Transforming Africa
Why the US and China are Investing in Africa http://testu.be/1LpC8PA Subscribe! http://bitly.com/1iLOHml Angola's Luanda has become an expensive city due to ...
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In 2015, two separate rankings for the most expensive cities for expatriates listed African cities as first. Luanda in Angola, and Juba in South Sudan, offer a high standard of living for foreigners at a high price. But as some drive Porsches around the neighborhoods, many others lack regular access to electricity or clean water. So are the profits from African oil reserves really going towards African people? And, in the end, will Africa’s oil profits be a help or a hindrance to the continent’s modernization? Well, of the top 20 most expensive cities for expatriates, roughly a fourth are African oil boomtowns in places like: Angola, Chad, the Democratic of the Congo, Seychelles, and Nigeria. But many people in these cities are still plagued by high levels of poverty, unemployment, cri...
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In 2015, two separate rankings for the most expensive cities for expatriates listed African cities as first. Luanda in Angola, and Juba in South Sudan, offer a high standard of living for foreigners at a high price. But as some drive Porsches around the neighborhoods, many others lack regular access to electricity or clean water. So are the profits from African oil reserves really going towards African people? And, in the end, will Africa’s oil profits be a help or a hindrance to the continent’s modernization? Well, of the top 20 most expensive cities for expatriates, roughly a fourth are African oil boomtowns in places like: Angola, Chad, the Democratic of the Congo, Seychelles, and Nigeria. But many people in these cities are still plagued by high levels of poverty, unemployment, cri...
