all we need in nigeria=free elections. everybody will sit up. and in 20yrs u wont recognise the country.

Angola has reached a preliminary deal with the International Monetary Fund (IMF) for loans of up to $890m (£558m).

IMF mission chief Lamin Leigh said the loans would help alleviate the nation's immediate cash flow pressures.

Angola, the world's 19th largest oil producer, has been hit hard by falling crude prices over the past year and the wider global economic slowdown.

Oil is currently trading at $67 a barrel, less than half its $147 all-time high of July 2008.

don't be fooled, they are hosting the african nations cup nexr yr so they want their country to look like its making progress. things are still a little bit tense

back2back:

Angola has reached a preliminary deal with the International Monetary Fund (IMF) for loans of up to $890m (£558m).

IMF mission chief Lamin Leigh said the loans would help alleviate the nation's immediate cash flow pressures.

Angola, the world's 19th largest oil producer, has been hit hard by falling crude prices over the past year and the wider global economic slowdown.

Oil is currently trading at $67 a barrel, less than half its $147 all-time high of July 2008.

The blood suckers known as the IMF have started to put in their fangs into Angola . . . soon angola would start owing more money than it makes.

Angola does not need to alleviate any immediate cash flow problem . . . (that is always the trick of a parasitic vampires known as the europeans) . . . African countries can aid themselves without recurssing to IMF and World Bank.

When would african leaders learn that the West is only interested in making money for the west and enslaving the other people of the world. . . .

hmmmn. . IMF . . . . .these people

African countries can aid themselves without recurssing to IMF and World Bank.

hows that possible?

bawomolo:

hows that possible?

By lending themselves money . . . what IMF is lending people is fiat money and not money backed by a gold standard . . . anybody can print fiat money. Africa does not really need to print fiat money because the resources are there to back up the money printing in reality.

FUCKING IMF BASTARDS!!

Was Argentina not a good warning for the Angolans to say NO THANK YOU ??

africa will never learn, africa is the largest producer of raw materials in the world. we sell our raw materials on the cheap and spend more to buy back the processed stuff. the west benefits from africa. the west controls most oil rich african nations with a remote control. don't you all forget what happened in equitorial guinea few yrs ago, they tried to over the government. margret thachter's son was funding it. the guy that was meant to supervise the whole thing simon mann told equitorial guninea that the jack straw who was a minister as that time and is justice minister presently knew about it, it's a shame mark thachter bribed his way out of the mess through the help of the british government. there had bn at least two failed coup in euitorial quinea this yr. the west gives africa wit one hand and loot with the other. all these organisation like IMF, World bank and UN (united nonsense) are just their to do what they are told. when kofi annan was the secretary, his son made millions from the iraq for food programme (KOJO), kofi annan was just a muppet so is the new chinese fella, bankimoon. We need to tell the west to piss off. y did america and america's poodle (UK) do to war with iraq, because of oil. what the hell are the doing in afghanistan? because of the oil pipeline. terrorista are hinding in pakistan and somalia and not afghnistan.

When Blackspade has finished salivating over the work Dos Santos is doing in Angola, can he tell me where Isabel Dos Santos got the money to rescue 4 failing Portuguese banks?

All these beautiful buildings you see in Angola are mainly owned by Dos Santos family members and relatives so dont trip.

Where do you think she got the damn money? Did I ever say there is no corruption there Even though there's corruption, they still leave some money for the people!! 33% of their revenue goes to social projects, where else in Africa do you see this much money being put into education, health, etc??

90% of the buildings I showed you are built by private companies!!! The social housing too!!! If you don't belive me, I will post articles supporting that, something you don't do, Mr. Conjecture.

I agree with Blackspade on this. Now speaking of autocratic and democratic. What works and doesn't work. They both work and they both don't work. It all depends on the people in power, and yes corruption is an on-going thing even within the US. One must remember that we are all humans subjugated to failure and successes, even in government. To say that Angola wont get themselves out of there disparity is irrational and even ignorant to the times. For the Philippines during the Marcos Regime which was funded and upheld by the Americans was a autocratic regime, but look what Marcos did while he was still in power; infrastructure - so that people can go to and from work, education - so that people can be educated to have higher paying jobs, and foreign investment - to create jobs for the populace. This was all created during his regime while he was in power, and yes it toppled because he and his cronies got greedy. Remember this though there economy was a rising star in the pacific, there currency was almost at the same rate as the US dollar. To say that a corrupt man did nothing but hurt the country by not adhering to fair elections is like robbing the good of what he was done in that country. Now look at them they have the elected celebrities who have no ideal vision for the country except for what they could fit in there bank accounts and leisure time. There economy is shot, corruption is rampant at every corner from bribing the local politician to bribing the military for rights to fish on Philippine coast by bombing it (which also not just kills adult fish but juvenile fish as well creating a colorful reef with no fish for years), and they are also the 2nd largest exporters of workers besides Mexico.
Ok, so here is another tangent, China one of the BRIC nations. Now with China, they were never this amazing two decades ago. Not until recently they had a boom, only once they softened up on there trading policies. My point is during and before WWII, the Chinese were going through a civil war. Best described before there war; limited jobs, limited education, and limited health care. After there civil war, the Maoist won which resulted in a bloody Great Leap Forward, but look at them now. There still autocratic, there still communist, and there doing very well, than how I would say this, way better than the US and Europe. They did this through foreign investment with the governments help, and it is to my understanding that the Chinese are helping the Angolans out very very significantly. There crime is lower then that of the US, health care is provided for everybody, and most people have jobs (well those who are following there government guidelines), but still that is all you need to live in a suitable world; food, jobs, health care, and education.
I think the Angolans are going the right direction as long as there leading government stays true to there word. As for Nigeria, it is the perfect example of democracy run by corporate greed. It is the perfect example why those people have a cell phone before they have clean water running through there homes. It is the perfect example of what happens to a nation that looks up to American Capitalism, American Corporatism, and the American 'Help'. I honestly do not think that the ideologies that were implemented for the original 13 colonies should be the implemented on the minds of Africa. My number one reason, the Africans are just not ready for that yet. As for racism you will always find racism everywhere you go. Whether it be the US, Europe, Asia, or Africa that is something that people will have to figure out on there own as a collective. If you get them to work together as partners, and not as; which race or indigenous person holds the hierarchy position, they will eventually learn that hey we all take a crap in the same toilet.

spritz:

They did this through foreign investment with the governments help, and it is to my understanding that the Chinese are helping the Angolans out very very significantly.

Cosign. It looks like China is a better partner in business and development in Africa. Time to give respect to whom its due .

coldhearts:

Time to give respect to whom its due .

Your right, then again there both communist countries. The deal between Angola and China is based on oil-for-infrastructure, and well there obviously Chinese workers that are leading the construction process. I honestly do not think that the Chinese are really putting there workers in $20,000.00 a month lodging as most western countries are doing while they invest in Angola. Well I can not prove that. I am not Angolan, but I am a skeptic of what I have been educating myself through what I can grab, listen, or read on too. If there are any Angolans who feel that I am wrong about the Chinese I am all eyes to read and all ears to listen. Hey its the ex-pats that make Luanda the 3rd most expensive city in the world according to Yahoo not the natives.

@spritz
At the end of the day, if a govt does it's job and its people have a future, who cares whether it's communism, socialism, et.c, i know i wouldn't care.
China (only communism in name as far as i've heard) is doing well but it is also plagued by recent capitalism, leading to a gap between rich and poor - this is also problem in western countries and it's quite prevalent in Nigeria too.

Honestly, all we need in nigeria is someone with a vision for extremely rapid development, someone who is also a protectionist in areas that are of interest cos Africa is worth more than europe based on resources alone ( at least i think so but i may be wrong). However, it seems like we've been manipulated, bullied and cheated even by those that led us in the past to the point that we think otherwise, how ironic .

Anyway i'm even more convinced that China is a better choice in development/business in Africa just by looking at Angola and a few other places.

Wooowwww

You need to visit their public hospitals.
The best medical care is free to all regardless of class and they have the best facilities. I just couldnt believe that a poor man could walk into any public hospital and get a dialysis,chemo,radiation,organs transplant for free free free!!!
What's more,education up to university level is free.

The only bad thing with Angola is the cost of living. Its very expensive to live in Angola. (I think its the most exp city to live in Africa).
Food is damn exp cz the people either don't care about farming or fear the explosives could still be lying in the farms.
Imagine them importing basic foods from foreign countries while the farms lie idle.

They have tried. I give them B+ .

Even though I still admire Angolas progress, I was a bit naive when I first made this thread.

Angola's economy isn't nearly as dynamic as Nigeria's. . . by a long shot. Even though they are forecasted to grow double digits this year, their economy is still heavily dependent on commodities (95%). . . but I have hope for this country. I've ready numerous articles that suggest the Angolan government is serious about diversifying their economy. . . hundreds of millions of dollars have been invested into the agricultural sector, banking, tourism, and other sectors of the economy. If I'm not mistaken, the non-oil portion of their economy is growing faster than the former.

pendo89:

You need to visit their public hospitals.
The best medical care is free to all regardless of class and they have the best facilities. I just couldnt believe that a poor man could walk into any public hospital and get a dialysis,chemo,radiation,organs transplant for free free free!!!
What's more,education up to university level is free.

The only bad thing with Angola is the cost of living. Its very expensive to live in Angola. (I think its the most exp city to live in Africa).
Food is damn exp cz the people either don't care about farming or fear the explosives could still be lying in the farms.
Imagine them importing basic foods from foreign countries while the farms lie idle.

They have tried. I give them B+ .

You've been to Angola? Cool!

MPLA is structured around socialist ideals, so this comes as no surprise.

Updates on Angola's progress coming soon.

[img]http://angolafieldgroup.files./2011/08/bay-luanda-2.jpg[/img]

[img]http://www.colaborante.pt/images/projectos/4e12e8a55b034.jpg[/img]

I love this kind of progress in Africa. Viva Angola!

Beautiful.

Angola's is doing good indeed. and i thionk its the only SS-African country with lots of oil to have be able to use it oil for good things.

Although , not good enough. They need to massively invest in Agriculture and Electricity since it already massively investing in Infrastructures (Interstate Highways, Rail revival ) and education.