Dos Santos Kleptocracy is Out of Control: Everything for the Daughter
Has Angola’s President José Eduardo dos Santos lost his bearings? Recent events suggest he is in the process of arranging a dynastic succession. His first-born daughter, Isabel dos Santos, has accumulated three major public projects: first, the Urban Redevelopment Master Plan for the capital city, Luanda; second, the Restructuring of the National Oil Company Sonangol (the largest state-owned company); and, finall, the Commission for the Restructuring of the Oil Sector. Isabel dos Santos is estimated to have become a billionaire (many would say thanks to her father) and has more than thirty companies to manage. Why does the president need to hand over these major public undertakings to her? Could it be that she has extraordinary managerial and leadership abilities? Or not? Maka Angola has already outlined Isabel dos Santos’s likely intentions with the Master Plan for Luanda. As things stand, Isabel will have ultimate control over an astonishing US $15 billion of funds for the […]
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