Angola raises $321 million selling Unitel stake it seized from Isabel dos Santos
Angola raised $321 million selling 15% of Unitel, the telecoms group it nationalised from Isabel dos Santos, in its largest IPO to date.
Skip to content
Angola raised $321 million selling 15% of Unitel, the telecoms group it nationalised from Isabel dos Santos, in its largest IPO to date.
Unitel, the Angolan telecoms giant once part-owned by Isabel dos Santos, will start an IPO roadshow next week ahead of listing a 15% stake.
Courts across Angola, Portugal, the UK and the US have frozen billions in assets belonging to Isabel dos Santos, who lives in Dubai and has never been convicted of a crime.
Isabel dos Santos was Africa's first female billionaire. Today her assets are frozen across four countries and Interpol has issued a warrant for her arrest.
Africa’s richest used to feel like rumors. Now they post - workouts, sermons, boardroom snaps - making billionaires oddly familiar, one scroll at a time.
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges in Angola Supreme Court ruling.
The decision follows nearly three years of state control after Unitel was seized from Africa’s first female billionaire, Isabel dos Santos.
Landmark ruling provides consistency for international asset-freezing orders.
Angolan authorities pursue charges; dos Santos claims political agenda.
The legal battle continues as dos Santos seeks to overturn the freezing order and address the charges against her.
The media’s narrative craftsmanship shines through in the saga of dos Santos, where the portrayal of Africa’s former richest woman ascends into fame and descends into infamy.
Dos Santos has launched a counteroffensive with a detailed cover story featured in the Portuguese magazine Expresso.
As Angola positions itself on the global stage, the planned IPO for Unitel and the stake sale in Banco de Fomento Angola reflect the government’s commitment to fostering economic growth.
Accused of embezzlement and fraud, dos Santos, through her lawyer, claims the allegations are politically motivated.
Once considered Africa’s wealthiest woman, dos Santos was removed from Forbes’ list of the world’s wealthiest people in January 2021.