Isabel dos Santos Long-time Angolan President Jose Eduardo dos Santos has appointed his daughter to lead the oil-rich country’s state-run oil giant Sonangol after firing the entire board and replacing all executives. It’s a significant move as Angola surpasses Nigeria as Africa’s number one producer, with an official press release noting that the Sonangol purge is “part of a plan to restructure the business so it runs more efficiently”. The ‘first daughter’, Isabel dos Santos, has been named chairwoman of Sonangol. She is said to be Afrcia’s richest woman, worth US$3.3 billion, according to Forbes . Her name is also mentioned in so-called “Panama papers.” Dos Santos, who had been the president of the Angolan Red Cross, caused public outrage late last year when she spent US$2 million to fly US rapper Nicki Minaj to Angola for a brief musical performance. Related: Iran Eyes $185 Billion In Foreign Investment […]