It is one of Europe’s longest standing fashion weeks, initiated in 1991, and concluded its 44th edition over the past weekend. ModaLisboa is the bi-annual event in which Portugal’s fashion capital Lisbon gets to show what its local fashion industry is all about. That doesn’t mean it’s a Portuguese-only affair however. Apart from the exchange agreement between ModaLisboa and the Poland’s fashion week (which sees one designer from both countries participate in the fashion week of the exchange partner), it was Portugal’s former colony Angola, which stole the show.
OPEC crisis or not, diamond and oil-rich Angola is still considered one of the biggest investors in the Portuguese economy. The southern African country is amongst Portugal’s largest export markets, after Spain, Germany and France. Currently, the daughter of Angola’s president, who goes by the name Isabel Dos Santos (and happens to be Africa’s first female billionaire), is the second-largest shareholder of Portuguese bank BPI , in addition to being the main shareholder of Portuguese TV and telecom firm Nos SGPS.