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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal (1525 Views)
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Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal by Nobody: 12:59am On Nov 19, 2011 |
Pedro Passos Coelho (right) visits Luanda to boost ties and forge business links with booming Angola. Photograph: Bruno Fonseca/EPA Not so long ago, thousands of Angolans were fleeing for Portugal. Now the tables have turned. Angola's remarkable image makeover from a war-torn African backwater to rising global oil power has been capped by news that it will provide a much needed shot in the arm to its debt-ridden former colonial masters.Source: http://www.guardian.co.uk/world/2011/nov/18/angola-boom-debt-riddled-portugal?newsfeed=true |
Re: Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal by obowunmi(m): 6:40am On Nov 19, 2011 |
Angola better mortgage portugal's future. Turn this country into a fourth world, even lower than congo. Make them sign loans are unbelieveable interest rates. |
Re: Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal by julioralph(m): 9:13am On Nov 19, 2011 |
u mean that baba dos santos never retire? I hope angolans do away wit him |
Re: Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal by Horus(m): 5:01pm On Nov 19, 2011 |
Angola is one of the fastest growing economy in the world but still many Angolans do not have jobs and President Eduardo dos Santos decides to go and invest in Portuguese companies creating more jobs for them instead. Why doesn't he invest in companies in Angola? Create jobs and empower local Angolan companies. When he does that then these Angolan companies can go and invest anywhere in Africa and create more jobs for Africans. |
Re: Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal by igbo2011(m): 4:16am On Nov 21, 2011 |
Horus:Because they have a slave mentality. No matter how low his own people are, he will always help his former master. The majority of our leaders are slaves. Besides Gaddaffi, Mugabe, and I think Gbagbo (I need to do more research). But if Santos does too much for his people then he would probably die. |
Re: Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal by pendo89(f): 3:37pm On Nov 21, 2011 |
Not suprised.Its the most expensive city in the world for expats after all. With oil contributing 85% of its GDP,a sandwich and soda costing usd 20, majority living under the poverty line and life expectancy being 39 yrs !! I just dont understand that balance. |
Re: Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal by paniki(m): 11:12pm On Nov 21, 2011 |
You wont see Angloans writing about how Nigerian leaders pilfer oil revenue so why are you people seeing it fit to pass judgement on a country that is using it's oil revenue on investment. Angola is not going to donate money to Portugal. If they are helped out, Portugal will have to repay with interest. |
Re: Unbelieveable: Angola Pours Oil Money Into Debt-ridden Portugal by cheikh: 12:22am On Nov 28, 2011 |
@OP Well, it's no different from our looting lootocracy from Nigeria who ship their loot offshore(U.K., USA and South-Africa)etc. Also the legacy and effect of colonialism cannot be under estimated on the Africans anywhere. The daughter of the president actually owns/runs a Portuguese Bank without qualms or scruples. It's Africa where anything goes and Leadership and patriotic qualities are lacking in the populace . The so called mythic growth of Angola is just what it is amidst monumental corruption that make the Nigerian variant seem rather tame and indeed small fry. |
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