Tag: Sonangol

  • After the Boom: Angola’s Recurring Oil Challenges in a New Context

    By: Lucy Corkin

    Angola is one of Africa’s most established petro-states, with initial forays into the country’s oil acreage predating national independence. A failure to diversify the economy significantly away from the now well-established oil industry proved disastrous during the global financial crisis of 2008-9: the plunge in oil prices by nearly two thirds from a high of USD147 forced […]

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