Africa's Richest Woman Fired As A Head Of Angola's State Oil Company

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Africa's Richest Woman Fired As A Head Of Angola's State Oil Company

Isabel Dos Santos, the daughter of Angola's former President who led the country for 38 years, says while her family shaped her, it was her own business decisions which led to her becoming Africa's richest woman.

The Guardian: Angolan president sacks predecessor's daughter as state oil chief

João Lourenço ousts Isabel dos Santos as part of drive to assert his authority months after taking power

Angola’s president, João Lourenço, has sacked his predecessor’s daughter as head of the state oil company as part of a drive to assert his authority.

Lourenco swept to power as the ruling party’s candidate in August elections after pledging to clean up Angola’s endemic graft, tackle nepotism and revive its economy.

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WNU Editor: Angolan President João Lourenço is doing this today because the world's attention is on the Mugabe family in Zimbabwe. As to what is my take on this firing .... it is amazing how the passage of time changes everything. When I was growing up the MPLA (the political party that has ruled Angola since the 1970s) was a hard-core Marxist group that received the support of the Soviet Union and thousands of Cuban troops. Today .... the children of the leader who led all of this are multi-billionaires. What can I say. Socialism at work .... for only the few at the top.

More News On Africa's Richest Woman Being Fired As A Head Of Angola's State Oil Company

Angola's President Fires Dos Santos' Daughter as Sonangol Boss -- Bloomberg
Angola Leader Removes Dos Santos Daughter as Oil Firm Chair -- U.S. News & World Report
Africa's Richest Woman Just Got Fired From Her Biggest Job -- Fortune
Isabel dos Santos dismissed as chair of Angola's Sonangol - presidency -- Reuters
Africa's richest woman removed as head of Angola state oil group -- Financial Times
Angola's Dos Santos Family Under Pressure to Give Up Key Posts -- Bloomberg


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