Angola freezes assets of Africa’s richest woman

The essentials: A court in Luanda ordered the freezing of assets belonging to billionaire Isabel dos Santos and the seizure of her stakes in local companies last Monday. Dos Santos is the daughter of Angola’s former president José Eduardo dos Santos and is accused of siphoning funds that have cost the country more than $1 billion, according to a court document released in late December. → Read the rest “Angola freezes assets of Africa’s richest woman”