Jornal de Negocios

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Blog   |   Angola, Portugual

Portuguese media chilled by Angolan involvement

Angolan President Jose Eduardo dos Santos (left) and Anibal Cavaco Silva, president of Portugal, in Lisbon in 2009. (AFP/Joao Cortesao)

Portuguese journalists are increasingly concerned by Angola's growing investment and influence in their country. Buoyed by petrodollars and diamonds, powerful Angolan interests have been indulging in a buying spree in their former colonial power. Angolan capital invested in Portugal increased 35 times in the past decade, according to news reports. In a process often acidly described in Lisbon as a form of "reverse colonization," Angolans have gobbled up not only significant chunks of Portugal's banking, telecommunications, and energy companies, but also invested in the Portuguese media sector. 

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