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Article

10 Aug 2009

Author:
AfricaFocus - Analysis

Africa: Oil And Housing

For Angolans, as for others in oil-producing countries, the primary concern is less how the oil is shared among oil companies, including Angola's own Sonangol, than how the revenues are spent. Angola is now booming with construction...But the gap between national revenue and conditions for the majority of Angolans remains enormous. In housing, for example, the Angolan government has announced plans to build one million houses over four years, but estimates of those lacking proper housing in the capital alone range from three to five million people. New housing projects such as Copacabana Residencial, a 720- apartment complex...contrast with forced evictions of slum dwellers, with 15,000 displaced in the latest incident in late July. [refers to Marathon, Sinopec, CNOOC, Total, Sonangol, ExxonMobil, Galp Energia]