Tuesday, 12 December 2017

Angola sacks Africa's richest woman Isabel Dos Santos

 Angola sacks Africa's richest woman
 
The president of #Angola, #JoaoLourenco, has fired the daughter of his predecessor as head of the country's state oil company #Sonangol. #IsabelDosSantos, the billionaire daughter of former President José Eduardo dos Santos, is Africa's richest woman. Mr Dos Santos was Africa's second longest-serving leader until he stepped down in September after 37 years.


The country is under increased scrutiny since it was revealed, in the #ParadisePapers leak, that its national sovereign wealth state has paid tens of millions in fees to a businessman, who works closely with Isabel's brother Jose Filomeno.
 
 
 Angola is #Africa's second-biggest oil producer but its economy has been hit by a drop in #oil prices.
 

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