Portugal takes control of Dos Santos shares

The Portuguese government took control of a stake held by Angolan investor Isabel dos Santos in Efacec Power Solutions SGPS SA as it attempts to help the manufacturer find a new shareholder, Bloomberg news agency reports. The daughter of late President of Angola Eduardo dos Santos, often named as the “richest woman of Africa” complained…

Isabel Dos Santos assets freeze

“Angola has frozen the assets of the billionaire Isabel dos Santos, daughter of the country’s former leader, in a move, indicating that incumbent President João Lourenço is aiming at tougher stance against the former first family. Angola hits 'Princess' dos Santos with asset freeze https://t.co/5hGZTHuQlK — Reuters Africa (@ReutersAfrica) January 1, 2020 “Since closing the…