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First with the News

Africa’s Female Billionaire Files Complaint Against Angola President

Dos Santos has accused the Angola President of ''conspiracy to seize her assets''.

March 31, 2021
in Top Stories, World
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Angolan businesswoman Isabel dos Santos delivers a speech during the start of the new EFACEC Portuguese corporation's electric mobility industrial unit on February 5, 2018 in Maia.
Elder daughter of Angola's long reining President Jose Eduardo dos Santos, Isabel is, according to Forbe's magazine, the wealthiest woman in Africa. / AFP PHOTO / MIGUEL RIOPA

Angolan businesswoman Isabel dos Santos delivers a speech during the start of the new EFACEC Portuguese corporation's electric mobility industrial unit on February 5, 2018 in Maia. Elder daughter of Angola's long reining President Jose Eduardo dos Santos, Isabel is, according to Forbe's magazine, the wealthiest woman in Africa. / AFP PHOTO / MIGUEL RIOPA

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Isabel Dos Santos, once considered the richest woman in Africa and daughter of Angola’s former president José Eduardo dos Santos has filed a complaint against incumbent President João Lourenço, in a London court.

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Dos Santos has accused the Angola President of ”conspiracy to seize her assets”, according to reports.

The former chair of Sonangol national oil company, is reported to have gone great lengths to provide evidence in support of her claim with the help of a private intelligence agency known as Black Cube.

The agency is reported to have secret recordings of several high-ranking Angolan officials.

The recordings reportedly contain proof that there is a group within the Angolan government whose aim is ‘’designed to coordinate a campaign to seize her assets”.

In her complaint, Dos Santos particularly cited supposed pressures on the judicial system, while affirming that the infamous ‘’Luanda leaks’’, which revealed her involvement in the embezzlement of funds, were in fact an attack by the government.

At the heart of this battle is the control of Isabel Dos Santos’ stake in Unitel, the large private telecom company in Angola.

The government claims Dos Santos’ assets were frozen based on allegations that she built the empire by embezzling state resources.

 

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