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Angola hits troubled times after heady post-war boom

Last month, after the local kwanza currency plunged in value, Luanda lost its top spot as the world's most expensive city for expats as rated by Mercer's annual surveyAfter the end of Angola’s long civil war in 2002, the capital Luanda became an unlikely African version of Dubai as oil money poured in and a clutch of skyscrapers sprang up along the coast. Last month, after the local kwanza currency plunged in value, Luanda lost its top spot as the world’s most expensive city for expats as rated by Mercer’s annual survey. At the upmarket Candando supermarket in Talatona district, customers like Katia Carreta say the economy’s rollercoaster ride has left even wealthier families uncertain of whether they have a future in the country.

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