5. Angola
Angola’s post-civil war boom, driven by its substantial oil reserves, has been marred by ongoing corruption and a paradox of oil riches alongside persistent poverty. Despite being one of Africa’s top oil producers, Angola remains gripped by widespread poverty. Foreign oil companies dominate the sector, extracting massive profits while ordinary Angolans struggle with high unemployment, poor infrastructure, and lack of basic services. This mismanagement contrasts with more equitable oil management in other African countries, where revenues have been better utilized for national development (cambridge.org)
