- Details of how Isabel Dos Santos, daughter of a former president of Angola, conducts her business have surfaced online
- It has been revealed that she is Africa's richest woman and built her wealth with the use of the country's resources
- Together with her husband, they manage over 400 companies in various countries
Our Manifesto: This is what YEN.com.gh believes in
YEN.com.gh has learned that Isabel Dos Santos, described as Africa’s richest woman, built her business empire through unorthodox means.
Her strategy to acquire wealth for herself and grow her business has reportedly left the oil and diamond-rich Angola as one of the poorest countries in the world today.
Dos Santos, per a report by icij.org, teams up with her husband, Sindika Dokolo, to oversee a web of over 400 companies and subsidiaries in 41 countries, as well as 94 secret businesses in places such as Malta, Mauritius and Hong Kong.
In the course of her business ventures, she has reportedly directed millions of dollars of loans and contracts to her companies.
YEN.com.gh understands that all along, she packaged herself as a self-made billionaire who rose in a male-dominated business world in an African country ravaged by civil war and poverty to the world.
The details she left out included deals handed to her by her father in order to grow her empire.
The International Consortium of Investigative Journalists (ICIJ) has however discovered that the businesswoman has amassed for herself luxurious homes as well as other properties.
In other news, prime minister of the United Kingdom (UK), Boris Johnson, has revealed that Chinese technology firm, Huawei, can operate its 5G network in the country.
This comes in the wake of an attempt by the United States of America (USA) to ensure that the Chinese company is excluded from next-communication generation plans by the West.
In apparent defiance to America’s stance on the eve of Brexit, UK stated that Huawei, one of the “high-risk vendors”, would be allowed into the non-sensitive parts of the 5G network.
It has been disclosed that the involvement of such operations in UK’s telecommunications space would be capped at 35%.
Per a report by reuters.com, Huawei's service would be excluded from all critical networks and locations such as nuclear sites and military bases.
USA is concerned that Huawei could be used as a conduit to steal Western secrets.
It has however been confirmed that Johnson and Trump spoke shortly after UK’s decision was made public.
Before the call, however, an official of the Trump administration stated that “There is no safe option for untrusted vendors to control any part of a 5G network.
We look forward to working with the UK on a way forward that results in the exclusion of untrusted vendor components from 5G networks.”
Read the best news on Ghana #1 news app. Install our latest app for Android and read the best news about Ghana
How convenient is it to use the new GHC 200 note at the market? | #Yencomgh