Isabel dos Santos moots presidency run despite corruption charges

Isabel Dos Santos, daughter of Angola’s former President and Africa's richest woman, reacts during a Reuters interview in London. Picture: Toby Melville/Reuters

Isabel Dos Santos, daughter of Angola’s former President and Africa's richest woman, reacts during a Reuters interview in London. Picture: Toby Melville/Reuters

Published Jan 16, 2020

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Lisbon - Africa's richest woman and

Angola's ex-first daughter Isabel dos Santos expressed interest

on Thursday in running for the presidency despite an asset

freeze and accusations of diverting more than a billion dollars

of state money.

It was the first time the daughter of former president Joao

Eduardo dos Santos, who ran Angola for 38 years until Joao

Lourenco took the helm in 2017, has mooted entering politics.

Asked in an interview with Portuguese TV channel RTP whether

she would be interested in the role of president, which is next

up in 2022, dos Santos said: "It's possible".

Lourenco has cracked down on the role of his predecessor's

children, firing dos Santos from her job chairing oil firm

Sonangol and her brother from the sovereign wealth fund.

The 46-year-old businesswoman nicknamed "The Princess" at

home is estimated by Forbes magazine to be worth more than $2

billion, while two thirds of her compatriots live on less than

$2 a day, according to the World Bank.

In the past, she has consistently identified herself as an

entrepreneur, not a politician.

Dos Santos, her husband Sindika Dokolo and associate Mario

Leite da Silva were subject to an asset freeze on Dec. 31 after

accusations of steering more than $1 billion from Sonangol and

official diamond trader Sodiam to firms where they held stakes.

She denies the allegations as a "witch hunt" forming part of

an attempt to erase her father's legacy and distract from

failures under the new government.

In the RTP interview, she framed the accusations not just as

an attack on her family but as a campaign against future

candidates for office.

"We cannot use corruption, or the supposed fight against

corruption, in a selective way to neutralise who we think could

be future political candidates," she said.

"It's about the fight for power."

Dos Santos, who lives abroad, divides opinion in Angola.

Supporters see her as an inspiring entrepreneur, while

detractors say she embodies African corruption, with her fortune

and Instagram-published jet-setting offensive to the poor.

Dos Santos holds significant stakes in several important

Portuguese firms, including in Eurobic bank, telecoms company

NOS, engineering company Efacec, and oil and gas

company Galp Energia. 

Reuters

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