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sexta-feira, 13 de janeiro de 2012

Angolans invest in Portugal's sinking banks

Enviado por em 13/01/2012
Once Angola was an impoverished part of the Portuguese empire, now its oil wealth means its citizens are queuing to buy banks, vineyards, and property.

There are many Africans in Lisbon, as they come from the former colonies, but the ones with serious money to spend are the ones from Angola. Next to the Russians and Chinese, they are the favourite clients of the luxury goods stores.

Portugals banks, many in difficulty, have become prime targets for Angolan investors.

The growth in economic ties between Portugal and Angola works both ways. Angola is now one of the largest destinations for Portuguese exports in the entire world, and thousands of Portuguese are emigrating to Angola every month to look for work.

Al Jazeera's Barnaby Philips reports from Lisbon, Portugal.


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