‘Powerful Angolan , interests and investments in Portugal , are, a form of reverse colonization’

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The Angolan President Jose Eduardo dos Santos  has ruled Angola since independance, uninterrupted for 36 years since Independance in 1975. Angola is rich in Oil  and diamonds yet at least 40%  of the country’s  population live  below the poverty line, but unsurprisingly so, corrupt, powerful Angolan government and military figures live filthy rich lives whilst the rest suffer. Their investment interests and opportunities are not only limited to Angola but reach out far and wide with a key target being  portugal, the former colonial master.
Angola was colonised by Portugal but now Portuguese journalists are highly worried by Angola’s growing investment and influence in Portugal.
Powerful Angolan figures who have built up wealth through  petrodollars and diamonds, are clearly now pursuing powerful Angolan interests or investment opportunities across Portugal as they have embarked on a  buying spree , through which  Angolan capital is invested in Portugal, resulting in an investment  increase of an estimated 35 times over the last decade.
To the discerning eye, in Portugal,   this is a form of “reverse colonization,”  because the former colonised, now free Angolans have invested heavily in Portugal’s banking, telecommunications,  energy companies, and in shares in the Portuguese media sector.

The Portuguese realise how unstable the economy is, with uncertainty in Portugal, where the eurozone crisis has brought a financial bailout attached with deep budgetary cuts. Faced with unavoidable, harsh austerity measures, the Portuguese are equally concerned about creating a rift from Angolan investors, most of whom , have  close connections  to Angola’s powerful presidential circle and the MPLA (People’s Movement for the Liberation of Angola), which has ruled the Angola  since independence in 1975.

Angolan, Isabel dos Santos, a woman worth US$3,7 billion is  President José Eduardo dos Santos, eldest daughter ,  a powerful and major investor , in  the Portuguese telecommunications and multimedia company Nos SGPS, formerly called  ZON, but Portuguese authorities are well aware  of their economic fragility, and  not keen on upsetting their powerful Angolan economic partners, but would instead , rather maintain amicable relations with Angola, even though, the corruption of powerful Angolan government and military figures is an open global secret

gearing up to acquire a stake in Zimbabwe-based Telecel after senior executives met with Zimbabwe government ministers.

Isabel dos Santos, also the owner of Unitel, Angola’s  largest mobile phone network, recently held meetings in Zimbabwe and reportedly discussed potential telecoms investments with Zimbabwe’s Ministry of Information Communication Technology, Postal and Courier Services.

President Jose Eduardo dos Santos, billionaire daughter, Isabel dos Santos is reported to have, at the age of 24 years been a restaurant (Miami Beach)  owner in the Angolan capital,  Luanda when her dad, President Jose Eduardo dos Santos, transferred stakes in several Angolan companies to her.

She is a powerful woman financially, who holds  assets in Angola  that include 25% of Unitel, Angola’s  largest mobile phone network, and a stake in a bank, Banco BIC, whilst in the former colonial power , Portugal , Isabel dos Santos  owns close to a  7% share in  oil and gas firm Galp Energia, close to  19% of Banco BPI, which  Portugal’s  fourth-largest bank, whilst she is also a   controlling  shareholder  of Portuguese cable TV and telecom firm Nos SGPS (formerly called Zon). by Sibusiso Ngwenya

photo-Angola’s President Jose Eduardo dos Santos left, next to his wife, Ana Paula dos Santos, in Luanda, and behind them is his daughter Isabel dos Santos, and her husband.-theguardian.

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