Diamond drilling licences that Isabel dos Santos owned now on offer in Angola
Luanda — Angola has offered investors diamond exploration licences that previously belonged to Isabel dos Santos, daughter of the former president, according to a video clip of a closed-door meeting with mining companies seen by Reuters. During the meeting at Mining Indaba in Cape Town in February, the president of state diamond company Endiama, José Manuel Ganga Júnior, said the licenses had expired and were now available for new exploration partners. Isabel dos Santos is Africa’s richest woman with assets across multiple sectors in Angola and Portugal from jewellery to supermarkets. Her family has been a powerful force in Angola for four decades but her star has faded since her father, former president José Eduardo dos Santos, stepped down in 2017. His successor, President João Lourenço, promised to tackle family monopolies and make Angola more attractive to investors. He dismissed her as chairperson of state oil company Sonangol, Angola’s most important firm, in November. The lic...
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