Crashing Oil Prices, Propaganda and the Angolan Recipe for Disaster

Throughout the Angolan capital, Luanda, strategically located billboards announce a country being happily stewarded through development by the government. “Building a prosperous Angola based on solidarity”, is the boastful slogan across all ads celebrating the government’s achievements in all spheres of life. One such billboard celebrates “more electricity, more development”, in spite of the regular power outages. Such a massive propaganda exercise outside the electoral period has a precedent only in the early 1970s, when the Portuguese colonial authorities desperately tried to sell the idea that their rule was making people very happy, and independence could ruin all such great achievements. Nonetheless, this propaganda is in full swing at a time when the steady drop in the oil price on international markets could be good news for the Angolan people and a bad omen for their rulers. As a major countermeasure, last December the presidency decreed a 20 percent rise […]

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