Africa’s Richest Woman Prepares New Deals After Losing Oil Post
Angolan President Joao Lourenco fired Isabel Dos Santos from her position as chair of Sonangol last month
Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell shares as part of plans to strengthen their operations at home and abroad. She also said Friday she remains committed to her investments in Portuguese oil company Galp Energia SGPS SA and cable operator NOS SGPS SA. The daughter of former Angolan President Jose Eduardo dos Santos, the 44-year-old has an estimated wealth of $2.5 billion. Joao Lourenco, who became head of state in September, fired Dos Santos from her position as chair of Sonangol last month. He has vowed to end monopolies and tackle corruption and poverty in a country where the former leader’s family and their allies control large sectors of the economy. Dos Santos said her dismissal was "normal" in the context of the change in political control. "I think there was a change in vision in ...
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