Thursday, 9 June 2016

Don't accept President dos Santos becoming an absolute king, Opposition Party tells Angolans

Angola’s main opposition party, the National Union for Total Independence of Angola, known as Unita, has charged "Angolans not accept President dos Santos becoming an absolute king"

The party rejected President Jose Eduardo dos Santos’s decision to name his billionaire daughter Isabel as chairwoman of the state oil company and said it would ask parliament to debate the appointment.
Isabel dos Santos
Isabel resigned from the positions of members of the Board of Directors of the companies NOS, SGPS, Portuguese BIC Bank and Efacec Power Solutions on Monday.

In a press release, Isabel dos Santos said that the resignation for the positions in those companies is due to her appointment as Chairperson of Sonangol and aims, on the one hand, to avoid problems of conflict of interest and, secondly, to strengthen the guarantees of transparency in new tasks.

However, on Tuesday in an e-mailed statement by Unita, said “The measure confirms once more the practice of nepotism by President Jose Eduardo dos Santos.”

“Angolans should not accept President dos Santos becoming an absolute king.” Dos Santos made the appointment last week after he fired the board of the company known as Sonangol. It’s part of a wider plan to restrict the company to its primary role as state concessionary, splitting the regulatory arm and management of its range of businesses into separate agencies.

Angola’s economy has been strained by the slump in the price of oil, which provides about two-thirds of fiscal revenue.

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