How Oil Is Transforming Africa

Why the US and China are Investing in Africa http://testu.be/1LpC8PA
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Angola’s Luanda has become an expensive city due to its oil wealth, yet its people remain poor. What role will oil play in Africa’s growth?

Learn More:
In Oil-Rich Angola, Cholera Preys Upon Poorest
http://www.nytimes.com/2006/06/16/world/africa/16cholera.html?n=Top%2FNews%2FWorld%2FCountries%20and%20Territories%2FAngola&_r=0
“In a nation whose multibillion-dollar oil boom should arguably make its people rich enough to drink Evian, the water that many in this capital depend on goes by a less fancy name: Bengo.”

Nigeria’s Corrupt Oil Industry Misplaced $20 Billion
http://motherboard.vice.com/read/nigerias-corrupt-oil-industry-managed-to-misplace-20-billion
“Nigeria is the largest oil producer in Africa, and petroleum products make up nearly all of the country’s exports.”

Elite hoard Angola’s new-found wealth
http://www.bbc.com/news/world-africa-32067602
“When a small group of supporters gathered outside the court where this week the Angolan journalist and human rights activist Rafael Marques went on trial, they were arrested.”

MERCER 2015 COST OF LIVING RANKINGS
https://www.imercer.com/content/2015-cost-of-living-infographic.aspx
“Mercer’s authoritative Cost of Living Survey, one of the world’s most comprehensive, is designed to help multinational companies and governments determine compensation allowances for their expatriate employees.”

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