After Being Ousted As President Isabel dos Santos Rejoins Unitel

Long been known as Africa’s wealthiest woman, Isabel dos Santos has developed quite an expansive portfolio of investments. These have included purchases in the likes of finance, media, retail and energy, which has also crossed over into other countries; that being said, her primary bases of operation are in Angola and Portugal. Despite achieving much of her wealth relatively quickly, this doesn’t mean that Isabel dos Santos’ career has been completely smooth. In fact, there have been a number of challenges and setbacks in the decades since she first started doing business. Perhaps one of the best known among these has been with Unitel, a telecommunications firm based in Angola.

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Isabel dos Santos began working with the company several years ago and became the president of the firm relatively quickly. However, this didn’t last long as Joao Lourenco replaced her in the role in 2017. Lourenco had known that dos Santos and her family had held a significant amount of control over the company for many years. Because of this, he worked to minimize the legacy that Isabel dos Santos had developed within Unitel and began undoing many of her key decisions.

This change in management was followed by a number of complaints by shareholders who argued that dividends weren’t being paid out fairly. This resulted in a lawsuit being filed, which eventually led to arbitration court; this court ruled that Unitel’s upper management was in the wrong, and awarded shareholders millions of dollars in repayments. Because of that, tensions between the two groups began to rise, which led to many shareholders looking to change the company board.

With this, Isabel dos Santos was one of the more obvious choices for a new board member. Alongside three other notable figures, dos Santos was voted in to replace a number of other board members that had become somewhat divisive within Unitel. However, this wasn’t the only notable change within the telecommunication company’s upper management. It has also been revealed that Miguel Geraldes, a former senior consultant at Huawei Technologies in South Africa will be the company’s new general director. He will be replacing Antony Dolton.

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