Angola's economy has undergone a period of transformation in recent years, moving from the disarray caused by a quarter century of civil war to being the fastest growing economy in Africa and one of the fastest in the world. In 2004, China's Eximbank approved a $2 billion line of credit to Angola. The loan is being used to rebuild Angola's infrastructure, and has also limited the influence of the International Monetary Fund in the country.[6]
Growth is almost entirely driven by rising oil production which surpassed 1.4 million barrels per day (220,000 m3/d) in late-2005 and was expected to grow to 2 million barrels per day (320,000 m3/d) by 2007. Control of the oil industry is consolidated in Sonangol Group, a conglomerate which is owned by the Angolan government. In December 2006, Angola was admitted as a member of OPEC.[7] The economy grew 18% in 2005, 26% in 2006 and 17.6% in 2007 and it's expected to stay above 10% for the rest of the decade. The security brought about by the 2002 peace settlement has led to the resettlement of 4 million displaced persons, thus resulting in large-scale increases in agriculture production.
Famously Princess Diana visited Angola in 1997 observing landmines left over from civil war.
http://www.youtube.com/watch#!v=YseI_CWlCcg&feature=related
