Angola is the 2nd largest oil producer after Nigeria. Last month it reportedly pumped 1.7 million barrels of oil per day closely following Nigeria. The economy is luring in foreign banks to the capital. The number of millionaires will jump by 144 percent to 15,600 by 2030, according to a U.K based New World Wealth.
According to the World Bank, Angola has 21 million people and the government estimates that more than half of the population is under the age of 20.
It is said that Angola’s economy will grow 5 percent to 7 percent this year.
Exciting times for Africa!