Skip to content
August 22, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Angolan President appoints daughter to head national oil company
  • National News

Angolan President appoints daughter to head national oil company

Admin November 3, 2016

isabel-dod-santosAngolan president Jose Eduardo dos Santos may have to answer questions concerning his daughter’s recent appointment as the head of state-owned Sonangol.

According to court documents seen by Reuters, Angola’s Supreme Court has asked dos Santos to respond to an inquiry into why he appointed Isabel dos Santos as CEO of the state-owned oil firm in June.

The court’s request was made in response to a case filed by just over a dozen Angolan lawyers earlier this year accusing the president of nepotism and violating Angola’s probity law, Reuters said.

President dos Santos has a week to respond to the request, a report by Quartz said.. Neither the president nor his daughter have commented on the matter.

Isabel dos Santos is currently listed as the richest woman in Africa by Fortune and is reportedly worth $3.2 billion.

Isabel has promised to improve efficiency at Sonangol and boost margins to help the firm cope with low oil prices.

Earlier this year, Sonangol backed out of a proposed purchase of stakes in two Angola blocks from Cobalt Energy.

Cobalt said in August it received a letter from Isabel dos Santos confirming Sonangol’s support of marketing and selling the stakes to a third party.

Angola has overtaken Nigeria as the largest oil producer in Africa as waves of militant attacks against Nigeria energy infrastructure disrupt production.

According to the U.S. Energy Information Administration, Angola produced nearly 1.8 million barrels per day of crude oil last year.

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Group goes to court, seeks sack and prosecution of Amaechi, Onu
Next APC leaders back Oyegun, attack Timi Frank

Related Stories

Tinubu suspends 3 Perm Secs over fake agency
  • National News

Tinubu suspends 3 Perm Secs over fake agency

August 21, 2026
Two Dead, Two Injured in Fatal Tanker Explosion on Enugu-Onitsha Expressway anambra state
  • National News

Two Dead, Two Injured in Fatal Tanker Explosion on Enugu-Onitsha Expressway

August 21, 2026
Group ​‌‌‌⁠‍‍⁠⁠‌‌‍‍⁠‍​⁠‌‌​urges National Assembly to withdraw foreign aid regulation bill Senate
  • National News

Group ​‌‌‌⁠‍‍⁠⁠‌‌‍‍⁠‍​⁠‌‌​urges National Assembly to withdraw foreign aid regulation bill

August 21, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Oil rises as Trump threatens sanctions on Iran partners crude oil
  • International News

Oil rises as Trump threatens sanctions on Iran partners

August 21, 2026
Navy discovers, deactivates suspected illegal crude oil infrastructure Naval rating arrested
  • Business & Economy

Navy discovers, deactivates suspected illegal crude oil infrastructure

August 21, 2026
Tinubu suspends 3 Perm Secs over fake agency
  • National News

Tinubu suspends 3 Perm Secs over fake agency

August 21, 2026
Kano LG procures drugs to contain suspected diphtheria outbreak Kano
  • Metro News

Kano LG procures drugs to contain suspected diphtheria outbreak

August 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.