Luanda, Angola
November 2, 2017

Luanda, Angola

Luanda, Angola
https://goo.gl/maps/61aHzX1BsQu
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Luanda, Angola

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Luanda, the capital of Angola, is a port city on the west coast of Southern Africa. A seafront promenade known as the Marginal runs alongside Luanda Bay. Nearby is the well-preserved 16th-century Fortress of São Miguel, which now contains the Museum of the Armed Forces. The fort has views of the harbor and the Ilha do Cabo, a long, thin peninsula in the bay that’s home to beaches, bars and restaurants
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Since 2002 Angola has enjoyed massive economic growth thanks to its oil. But in the capital, the stark divide between rich and poor is clear in the lines between gleaming new towers and derelict informal settlements
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Angola, a country rich in natural resources, was until a decade ago affected by a bloody civil war spanning almost three decades. Over the course of the civil war, an estimated 500,000 civilians lost their lives, and much of the country’s poor infrastructure was destroyed.
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So when in 2002 Angola could turn at last to rebuilding its economy and society, its initial supply of high quality housing was most likely limited at best. Thanks to its oil reserves, Angola grew at a breakneck speed after the civil war, with annual GDP growth peaking at a mind-boggling 23% in 2008, and exceeding 10% per annum 5 out of 6 years between 2003 and 2009. But while economic growth might recover extremely fast, construction tends to be more of a longer term evolution. In other words: the cost of housing might go down over time, as the supply of quality housing increases.
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Ref: https://www.weforum.org/
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