Friday, October 18, 2013

Angola's land divide

Luanda is jammed with more than 6 million residents today.  More than two-thirds live in shantytowns known as musseques, according to Development Workshop, an aid group in Luanda. The elite steer their Porsches and Range Rovers past slums like Sambizanga, where much of the population lives on less than $1.25 a day, according to the United Nations.

Downtown Luanda is another world, with a giant mall being constructed in the center, gleaming office towers, and residential buildings where two-bedroom apartments rent to expatriate oil workers for as much as $6,500 a month. Undeveloped land in central Luanda is selling at about $1,000 per square meter, and office space is going for between $7,500 and $10,000 per square meter.

No comments: