Africa’s Second Longest-Serving President Appoints Daughter as Head of State Oil Company

Angola’s President Jose Eduardo dos Santos has appointed his daughter Isabel dos Santos as head of the state oil company Sonangol.

Isabel dos Santos, named by Forbes magazine as Africa’s richest woman, worth an estimated $3.3bn (£2.3bn), has been appointed to take on a job after her father sacked the entire board in April.

With the appointment of his daughter, critics have accused President dos Santos, who has ruled since 1979, of increasingly being authoritarian.

Ms Dos Santos has large stakes in many of Angola’s strategic industries, including diamonds, banking, media and telecommunications, with large parts of her business empire based in Portugal.

She is said to own 7% of the Portuguese oil and gas company Galp Energia.

A statement from her office said that she wanted to “ensure transparency” in the management of Songangol, and to improve the Angolan oil sector’s ability to compete globally.

Representatives for Ms Dos Santos deny that her wealth is largely due to her father’s position as president and has been acquired through state money and public funds.

Mr Dos Santos has ruled the oil-rich nation for 36 years

Advertisements

One thought on “Africa’s Second Longest-Serving President Appoints Daughter as Head of State Oil Company

Add yours

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: