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.
“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.]
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