Although the economist has criticized that statement heavily by saying tourists and investors arent very welcome (unlike Dubai) in the country and Visas are quite difficult to come along without help from an insider, stating that ....Dubai’s rise may have started with oil but it has long since run out and the emirate now relies on banking, tourism and foreign investment, sectors where Luanda, and Angola in general, do poorly...
But you cant deny, last year it was named the fourth fastest growing economy in the world! So thats gotta mean something right?
Luanda’s new skyscrapers,Oil money has swept into local banks and quickly seeped into the construction sector ...Half a dozen more luxury hotels are under construction along the Marginal, the waterfront promenade, adding to the spiky shadows over the marina on the sandy Ilha peninsula where a $5.5m 110-ft Ferretti lords it over the other super-yachts....
Sasa sijui Bongo yetu tutakuwa 'booming economy' lini....kazi kweli kweli..
Though this Boomtown is very Expensive....
But if prices in Dubai seem inflated, they have nothing on Luanda. Last year Angola’s capital was the most expensive city in the world, according to Mercer, a New York-based consultancy. A bog-standard hotel room costs $400, a non-alcoholic drink in the lobby $10 (though a mere $2 in a supermarket). An underwhelming hotel buffet is $75 and a pizza on the street $25.
A taxi-ride within the city easily adds up to $50, especially since the taxi company–the only one in town–starts the meter as soon as the car leaves the depot. There are no cruising cabs. A standard flat costs $10,000-$15,000 a month to rent or at least $1m to buy. A supermarket sold a melon for $100 to a Frenchman at Christmas.
All images are of the capital city Luanda
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