This past March Isabel dos Santos lost just a little of her leadership standing in the Angolan telecommunications company, Unitel. Nevertheless, she remained the chairman of the company’s board of directors. In fact, her administration was actually praised during the shareholder meeting in which she officially lost those powers. The shareholders expressed confidence that Isabel dos Santos and the Board of Directors would rightly act in their best interest going forward. Unfortunately for the company and for Santos if looks like a very public legal trial is on the near horizon.

While she has remained chairman, the shareholders decided that it is best that she cease to be Unitel’s president. That vacancy will be filled by Miguel Geraldes. Joao Bao Quippa is also being brought onto the leadership team to oversee the finance department. Unitel is owned by four shareholder companies: Oi, Sonangol, Vidatel (a Santos owned company), and Geni. Isabel Dos Santos is the eldest child of the former president of Angola, Jose Eduardo dos Santos. Her mother is a native of Azerbaijan where Isabel was born.

While growing up, Isabel dos Santos attended an all-girls boarding school in Kent, England. After graduating high school she studied electrical engineering at King’s College in London. After her higher education, over the next 20 years, she was a highly successful businesswoman, holding management jobs at a large number of companies. that by 2013 she became Africa’s first female billionaire. In the early 1990s, she finally returned home to Angola. There she became a project manager engineer for Urbana 2000. Her real success started in 1997 after she started her first business: The Miami Beach Club. She would spend the next 20 years or so building a massive worldwide empire.

For a brief time in 2016, she served as the chairwoman of Sonangol, Angola’s state oil company, but she was almost immediately fired the following year after her father was replaced as the country’s president.

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