{"id":219652,"date":"2016-06-04T10:12:52","date_gmt":"2016-06-04T10:12:52","guid":{"rendered":"http:\/\/citifmonline.com\/?p=219652"},"modified":"2016-06-04T10:12:52","modified_gmt":"2016-06-04T10:12:52","slug":"angola-leaders-daughter-made-oil-boss","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/06\/angola-leaders-daughter-made-oil-boss\/","title":{"rendered":"Angola leader’s daughter made oil boss"},"content":{"rendered":"
Angola’s President Jose Eduardo dos Santos has appointed his daughter as head of the state oil company Sonangol.<\/p>\n
Isabel dos Santos, named by Forbes magazine as Africa’s richest woman, worth an estimated $3.3bn (\u00a32.3bn), takes on the job after the entire board was sacked by her father in April.<\/p>\n
Angola and Nigeria are Africa’s largest oil producers.<\/p>\n
Critics accuse President dos Santos, who has ruled since 1979, of being increasingly authoritarian.<\/p>\n
Ms Dos Santos has large stakes in many of Angola’s strategic industries, including diamonds, banking, media and telecommunications, with large parts of her business empire based in Portugal.<\/p>\n
She owns 7% of the Portuguese oil and gas company Galp Energia.<\/p>\n
A statement from her office said that she wanted to “ensure transparency” in the management of Songangol, and to improve the Angolan oil sector’s ability to compete globally.<\/p>\n
Representatives for Ms Dos Santos deny that her wealth is largely due to her father’s position as president and has been acquired through state money and public funds.<\/p>\n