Just rebuilding the oil industry won’t do the trick. Oil is changing and many of those changes won’t be good news to the likes of Angola. What Angola must do is move away from a resource-based economy and become an economy of the people for the people. Angola needs entrepreneurs but what entrepreneur will shed tears and sweat when all he/she can expect is getting robbed clean by authorities when success hits? Angola should strive to be the most attractive country to live in for its entire region. And that’s a tall order.
The African country hopes that a major pipeline, refinery developments and upstream reforms will help revive its stagnant oil industry