
With few riches left to plunder, Angola’s old guard moves on
(GIN)—Africa’s oil giants are tightening their belts as the sale price of “King Oil,” buffeted by cheaper fracked gas, solar and other renewables, hits new lows. The promises of prosperity have faded in Ghana, Uganda, and Nigeria, among other oil producers. Perhaps the saddest scenario can be found in Angola—whose capital Luanda was not long […]
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