Angola ‘Literally Sold’? Analyst William Tonet Warns of Economic Colonization Through Privatization

In a sharp critique published by Jornal Folha 8, analyst William Tonet has warned that Angola is being ‘literally sold’ over the past decade through a privatization drive that favors foreign capital. Tonet argues that the state’s economic fabric is being dismantled via the BODIVA stock exchange, which he describes as an ‘insensitive and discretionary lever’ operating without oversight from the legislature.

The article, titled ‘Economic Colonization Thrives with the Increase in Immigrant Population,’ alleges that the MPLA government is selling off public patrimony to foreign investors while neglecting local entrepreneurship. Tonet accuses the ruling party of using ‘false revolutionary’ rhetoric to mask what he sees as a giveaway of national sovereignty.

Concerns over mounting national debt and the lack of transparency in asset sales have fueled debate. Critics say the privatization process benefits a select elite and foreign interests rather than the Angolan people. Tonet’s comments add to growing scrutiny of the government’s economic policies as the country grapples with post-oil challenges.

While the government has not officially responded, the piece reflects wider unease about Angola’s economic direction under the current administration.

Article source: jornalf8.net | Image credit: VOA Português