Kleptocracy in Angola

Since ending a 27-year civil war in 2002, Angola has become one of sub-Saharan Africa’s richest countries. Angolan mines are the fifth-largest source of diamonds worldwide. Its oil wells already produce 1.9m barrels a day; on present trends, it could overtake Nigeria to become Africa’s largest producer. It has huge agricultural potential. Roads and railways that were destroyed during the fighting have been rebuilt. New schools and hospitals have sprung up.
But Angola is also one of the world’s most unequal countries. (Its Gini coefficient—a measure of income distribution in which zero indicates perfect equality—is 0.55). Most of the benefits of the resource boom have gone to a fairly small elite that lives in an African version of St Tropez, with ritzy beach clubs inside walled enclaves. A crop of skyscrapers encircles a harbour decorated with sleek motorboats and a Ferretti yacht costing $5.5m.