Dos Santos fired by Angolan president

Dos Santos fired by Angolan president
Copyright 
By Euronews
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

Africa's richest woman sacked from state oil company

ADVERTISEMENT

Just a few months after being elected, Angolan president João Lourenço has removed the billionaire daughter of the former president from her role as chairman of the state-owned oil company Sonangol.

Businesswoman Isabel dos Santos is Africa’s richest woman and the eldest daughter of José Eduardo dos Santo who governed the country for 38 years. She was appointed to chair the Sonangol board of directors by her father in June 2016.

This is the latest effort by Lourenco to tackle corruption in the country.

While many of Angola’s citizens live in poverty, oil provides over 70% of Angola’s income and almost all of its exports. So, many see this as a huge power grab to weaken the influence of the Dos Santos family.

Share this articleComments

You might also like

Luanda Leaks: Who is Rui Pinto, the Portuguese hacker behind the leak?

Angolan president João Lourenço pledges more diverse funding for investment in southern Africa

'Europe can count on Angola' for energy, President João Lourenço tells Euronews