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