Angola
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Emigration: On the road to Mozambique
12 March 20133911 Jornal de Negócios Lisbon -
Debt Crisis: A €1m gateway to Europe
9 January 201330261 Die Zeit Hamburg -
Portugal: Angola continues to line its nest
2 April 20123931 Visão Lisbon -
Economy: Portugal, glittering prize for emerging nations
6 December 201122315 Expresso Lisbon -
Emigration: Angola, Portugal’s new Eldorado
22 October 2010447 Libération Paris
Settling in Mozambique is increasingly attractive to a growing number of Portuguese who are suffering from the crisis. Less threatening than Angola, Mozambique has raised expectations among a people confused by events – even if some of them are coming back empty-handed.
Hard-hit by the crisis, Lisbon is wooing rich investors from its former colonies. Anyone who invests in the country has a good chance of obtaining a visa — and an open door to the rest of Europe.
Spurred by the economic crisis, Angolans are eagerly buying up Portuguese firms, acquiring a wide range of businesses including banks, oil companies, media outlets and telecom operators. The trend is in part due to the lack of funds on one side and the abundance of cash on the other, but that is not the only explanation.
To cut its debt, Portugal’s government has embarked on a far-reaching privatisation program. Brazilian, Chinese and Angolans are the main candidates for taking over its national enterprises.
For three years now, thousands of Portuguese have been fleeing the crisis at home to try their fortune in the erstwhile African colony, whose economy is taking off. This is a replay of the Portuguese exodus back in the 1960s – and harks back to the Age of Discovery.