["Under the powers vested in him by the constitution, the president... has decided to relieve the following directors who make up the board of Sonangol," said the statement, which named former president Jose Eduardo dos Santos' daughter, Isabel.Known derisively as "the princess",]

Angolan President Joao Lourenco on Wednesday fired his predecessor's daughter from her influential post as head of the Sonangol state oil company, the presidency said in a statement.

Her appointment to the oil giant last year was widely criticised as a symbol of the nepotism and corruption that flourished under Dos Santos.

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

"Under the powers vested in him by the constitution, the president... has decided to relieve the following directors who make up the board of Sonangol," said the statement, which named former president Jose Eduardo dos Santos' daughter, Isabel.

Known derisively as "the princess", 44-year-old Isabel became the public face of the Dos Santos business empire.

Even through the collapse in the oil price in recent years, crude has remained Angola's leading revenue source, contributing 70 percent of the country's income.

Isabel dos Santos described herself as an "entrepreneur" on her Twitter account and the US-based Forbes magazine claims that she is Africa's richest woman.

Post Reply

Posted: at 15-11-2017 03:56 PM (6 years ago) | Addicted Hero

their problem.

Posted: at 15-11-2017 07:02 PM (6 years ago) | Gistmaniac

Only sack? Jail her join.

Posted: at 15-11-2017 07:05 PM (6 years ago) | Gistmaniac

Lolz fear of military take over

Posted: at 15-11-2017 07:43 PM (6 years ago) | Gistmaniac

 

Posted: at 16-11-2017 08:09 AM (6 years ago) | Gistmaniac

Reply: