President João Lourenço has since coming into office in 2017, led a crackdown on corruption in his administration and key economic sectors, including oil and mining. Most notable is the freezing of the assets of Isobel dos Santos, Africa’s wealthiest woman, following a detailed, damning report by the International Consortium of Investigative Journalists, outlining her business dealings and how her father, former president Jose Eduardo dos Santos bolstered her career by awarding her companies public contracts, tax breaks and diamond mining rights, among others, writes Peter Fabricius for the Institute for Security Studies.
Luanda, Africa’s second biggest oil exporter.
Isabel dos Santos, daughter of Angola’s former president, has denied claims that she presided over corruption during her tenure as head of state oil firm Sonangol made by the … Read more »
As he faces charges of misusing more than U.S.$1 billion in state funds, the husband of Angolan billionaire Isabel dos Santos defended himself by pointing to the couple’s … Read more »
Africa’s richest woman and daughter of Angola’s former president Isabel Dos Santos has said she was blindsided by a court decision to freeze her assets insisting that there was no … Read more »
A leaked trove of financial and business records reveals the inside story of how Isabel dos Santos, Africa’s wealthiest woman, moved hundreds of millions of dollars in public … Read more »