Angola’s Economic Boom Has Winners and Losers

LUANDA — As Angola is experiencing one of the fastest-growing economies in the world, its capital city, Luanda, is facing a dramatic transformation. It has become a land of opportunity for some westerners, but for some Angolans, the development of the city has a bitter taste.

The city has become a big construction site. Everywhere in Luanda, new buildings are rising from the ground, as a ballet of cranes is shaping the new skyline of the capital. Luanda is busy leaving the past behind – burying 27 years of civil war and devastation under mountains of petrodollars.

With ….. Continue Reading

ECOWAS Ministers Agree Implementation Action Plan on Proposed Lagos-Ibadan Highway

ECOWAS Ministers of Works/Road Infrastructure, Transport, Finance and Justice from Benin, Cote d’Ivoire, Ghana, Nigeria and Togo, ended their one-day meeting of Monday, 22nd April 2013 in Abuja with an agreement on an implementation plan for the construction of a proposed highway linking Abidjan to Lagos.

A supra-national agency to be set up will manage the project implementation phase to ensure uniformity in approach and standards for the road whose development will be regionally coordinated.

The ministers, whose meeting was in response to a recent directive by the Heads of State of the five ….. Continue Reading

Construction – the boom lives on

South Africa plans to invest $95bn in infrastructure projects between 2012 and 2015 in order to reinvigorate the economy and create more employment, as the construction sector is famously labour intensive. Despite the generally positive economic trend in Africa, the picture in the continent’s biggest economy, South Africa, is much more mixed. Yet while there is intense pressure on the South African government to cut costs, Pretoria has promised to maintain its planned infrastructure programme. ….. Continue Reading