Court Rules Against Africa’s Richest Woman In Oil Asset Case

The International Court of Arbitration in the Netherlands has ruled that Angola’s state oil firm Sonangol is the sole owner of an indirect stake in Portuguese energy company Galp, which Sonangol’s former boss Isabel Dos Santos had funneled to a company she controlled. Isabel dos Santos was made head of Sonangol in 2016 by her father, the former president of Angola, José Eduardo dos Santos, who had been president for nearly 40 years before stepping down in 2017. Back then, the new president, Joao Lourenço, sacked Isabel…