Isabel Dos Santos defends appointment to Sonangol

Nov 18, 2016
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AFRICA’S RICHEST woman, Isabel Dos Santos, has defended the controversial decision of her father to appoint her as head of Sonangol, Angola’s state-owned oil company.

According to a report by Reuters, Santos, 43, told a group of Journalists on Wednesday that her father, Angolan President Jose Dos Santos, made her the chairperson of the oil firm because she had the requisite expertise and competence.

“The issue of my professional competence does not seem to be something reasonable,” she told reporters during the opening ceremony of a new school funded by Sonangol. “To me this looks to be part of the political games ahead of elections,” she said.

Angolan President Jose Eduardo dos Santos appointed his daughter as the head of Sonangol, the state-owned oil firm, in June after he fired the entire board in April this year. At least 14 Angolan lawyers filed lawsuits challenging the appointment on the grounds of nepotism.

Isabel dos Santos is the richest woman in Africa with a fortune Forbes estimates at US$3.1 billion. She owns stakes in Angolan companies in banking, cement and telecom that were transferred to her by her father. A spokesperson for Isabel dos Santos has repeatedly said the transactions were transparent and at arm’s length. – Forbes

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