Angolan President's Daughter Cleared to Head State Oil Company

Isabel Dos Santos was appointed to head Angolan state oil company, Sonangol, in June, but this was disputed by twelve lawyers as nepotism, since the appointment was made by her father, the President, Jose Eduardo Dos Santos. The Supreme Court has now ruled the action as lawful. The President has also appointed his son to chair Angola's $5bn sovereign wealth fund (FSDEA) which was been established in line with the "Santiago Principles" explicating good governance in the context of SWFs. The first of these principles is the legal framework of the fund should be sound, and the second, is that the policy purpose should be clearly defined and publicly disclosed.