From another Country: Isabel dos Santos steps down


Billionaire businesswoman Isabel dos Santos has stepped down from the board of Angola’s flagship mobile phone operator Unitel, citing “a climate of permanent conflict” among the company’s directors.

Dos Santos told Portuguese news agency Lusa, in a statement on 11 August that it seemed “counterproductive and irresponsible” to allow such a situation to continue.

                               Isabel dos Santos

“After 20 years dedicated to the creation, development and success of Unitel, I chose to leave the position of member of the company’s board of directors,” she said.

The eldest daughter of Angola’s former long-time president José Eduardo dos Santos, Isabel has held a 25% stake in Angola’s biggest private company since her father awarded the company a lucrative operating license in 1999. (See nose200: “A most unsaintly president”.) Luanda Leaks revealed that Unitel paid more than $5 billion in dividends to shareholders between 2006 and 2015. Her share: $1.25 billion [=R19bn today]. – International Consortium of Investigative Journalists (ICIJ).

[So much for a regime that was installed by communist Cuban troups. –Ed.]

Keywords:
Angola
Isabel dos Santos
Unitel, Angola
Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -
 
Submitted by : disgusted on 2020-12-15 11:17:07
Did this disgusting individual not attend our country's "college of corruption"
in 1999 and obtain a "doctorate of corruption"
 
Submitted by : Robert De Vos of Cape Town on 2020-12-13 12:00:42
Dear Isabel ... beneficiary of every barrel of oil that left Angola.

Surely that: “After 20 years dedicated to the creation, development and success of Unitel.." should read: "After 20 years of enriching myself obscenely at the expense of the Angolan people ..."

Yet another smug, supercilious African dictatorship.

Disclaimer

While every reasonable effort is taken to ensure the accuracy and soundness of the contents of this publication, neither the authors nor the publishers of this website bear any responsibility for the consequences of any actions based on the information contained therein.