Angola's newly elected president Joao Lourenco delivers his first speech at the Angola Nation Assembly in Luanda
18 November, 2017, 03:03
Isabel dos Santos, daughter of former President Jose Eduardo dos Santos, was sacked along with the entire board of directors on Wednesday, the company said, in a statement.
Dos Santos, who's career in investment and corporate finance has seen her become a controlling shareholder of a Portuguese telecommunications firm, is now ranked as the richest woman in Africa, with an estimated net worth of R49 billion.
In her statement, Isabel dos Santos also highlighted how the board of directors that was dismissed reduced the company's debt to $7 billion from $13 billion, and cut the production cost of a barrel of oil by half to $7. Her father appointed her about 18 months ago to head Sonangol, where she led an efficiency drive after the continent's third-largest economy was rocked by low commodity prices. The country has always been plagued by corruption and a deep divide between rich and poor.
His replacement, President Lourenco, commonly known as JLo, has promised to take a stance against corruption by weakening the enduring influence of the Dos Santos family.
"In the best case, this can lead to better governance and reforms which are in the public interest, while there's also the risk that the new elite simply replaces the outgoing one at the top of the table".
"A culture of transparency and openness to Angolan society was also implemented at Sonangol, allowing a constant audit to the management team actions and the direction of this company", she said in the statement.
He won election In August after the elder dos Santos stepped down from a rule that began in 1979.
Lourenco formerly served as the defense minister in Dos Santos' regime and is part of the MPLA, which has been the ruling party for nearly 40 years.
Dos Santos, who is estimated to be worth $2.5bn, owns Angola's largest mobile-phone company Unitel as well as a supermarket chain, and has stakes in Angolan lenders Banco BIC and BFA.
Santa Barbara Asset Management Llc decreased Nielsen Hldgs Plc stake by 138,230 shares to 2.73M valued at $105.64M in 2017Q2. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
Nytimes.com's article titled: "Trump's Legacy: Damaged Brains" and published on October 28, 2017 is yet another important article. Finally, BNP Paribas Arbitrage SA boosted its position in Cytokinetics, by 4,464.4% during the second quarter. (NASDAQ:CYTK).
He played Seaside on Friday and ran off four straight birdies on his opening nine holes to kick-start a sparkling round. Cook has made the weekend cuts in all four of his starts this season. "We're working really well together".
Benchmark Brent crude oil was up 76 cents at $62.13 a barrel by 1219 GMT, recovering some ground after five sessions of losses. Some analysts said the market's focus on OPEC's output cuts was overstated, saying its impact on surpluses had been modest.
The criteria for high blood pressure has changed, putting more than 40 percent of Americans in the "at risk" category. Individuals with high blood pressure can lower it by exercising more and eating a healthier diet.
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $137.31B. Instinet restated a "buy" rating and issued a $136.00 price target on shares of McDonald's Co.in a research report on Monday.
The Wildcats are no automatic win for Georgia-plus, the Bulldogs haven't had more on the line this season than they do this week. Wildcats K Austin MacGinnis has connected on 18 of 23 field-goal attempts, with all of his misses from 48 yards and longer.
The airline reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.40 by $0.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Now Everyone Can Spend New Year's Eve With Dave Chappelle
Netflix announced that the next Dave Chappelle stand-up special Dave Chappelle: Equanimity will premiere on December 31. It will be the first of the comic's newly shot specials as part of the streaming service's three-special deal.
Netflix Just Locked Down a Superhero Movie With Daisy Ridley!
Aaron and Jordan Kandell, who worked on the script for Disney's " Moana ", will co-write the movie based on Gad's story idea. The package began making the studio rounds last month, attracting so much interest that even Disney reportedly bid on it.