A shopping spree

The Africa Report - - FEATURES -

With An­gola's post-war boom came a re­con­fig­u­ra­tion of re­la­tions be­tween An­gola and Por­tu­gal. Isabel dos San­tos was the most pub­lic face of an in­vest­ment drive tar­get­ing Por­tuguese firms, with An­golans buy­ing into many different sec­tors of the econ­omy. Dos San­tos has a big stake in tele­coms firm NOS, share­hold­ings of en­gi­neer­ing com­pany EFACEC and an in­di­rect in­ter­est in en­ergy com­pany Galp En­er­gia. She is among sev­eral who have bought into me­dia groups and the bank­ing sec­tor, with An­golan share­hold­ings in fi­nanan­cial in­sti­tu­tions BNI Europa and Atlân­tico Europa. Dos San­tos also has a size­able in­ter­est in the bank BIC Por­tu­gal. Mean­while, An­golan state oil com­pany So­nan­gol also turned its sights north­ward and in­sists that it is go­ing to keep its stakes in Banco Comer­cial Por­tuguês and Galp En­er­gia dur­ing its cur­rent pri­vati­sa­tion and di­vest­ment cam­paign.

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