Alva Review-Courier -

Amid scandal, 'Africa's richest woman' sells European assets


January 24, 2020

LISBON, Portugal (AP) — The billionaire daughter of a former African leader is shedding some of her investments in Europe after she came under official investigation for alleged money-laundering and corruption.

Isabel dos Santos has invested heavily in recent years in Portugal, the former colonial ruler of her homeland Angola. But amid a widening scandal over her business dealings, Portuguese engineering company Efacec announced Friday she is selling her 70% stake in the firm.

Since the scandal erupted earlier in the week Dos Santos, reputedly Africa's richest woman, has also agreed to...

For access to this article please sign in or subscribe.


Reader Comments


Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019