José Filomeno dos Santos

José Filomeno dos Santos
Born (1978-01-09) 9 January 1978[1]
Luanda
Nationality Angolan
Other names Zenú
Alma mater University of Westminster
Board member of Fundo Soberano de Angola
Spouse(s) Maíra Fernandes
Parent(s) José Eduardo dos Santos
Relatives Isabel dos Santos

Jose Filomeno de Sousa dos Santos is an Angolan who formerly served as the Chairman of Fundo Soberano de Angola, the country's sovereign wealth fund.[2] He was appointed to the board in 2012[3] and succeeded Armando Manuel as Chairman in June 2013.[4]

Following the election of President João Lourenço, Mr. dos Santos was dismissed from his position before the end of his mandate, in a move that has been categorised as political.[5] Others criticise it as merely a move to remove powerful figures connected to the previous president.[6]Following the dismissal there was a push to link Dos Santos with a crime related to the authorisation of a transfer of $500 million. The transfer has been reported to be part of negotiations for a $30 Billion concessional lending facility for Angola, the money being returned to the country’s central bank.[7][8]

The move to criminalise the loan negotiations with foreign lenders is seen as a means to undermine the political clout of the previous administration with the populace while at the same time shore up support for the new administration within the ruling party MPLA. The case has revealed the existence of a previously unheard of political tug-of-war in a country under political transition. [9]

The elder dos Santos, José Eduardo dos Santos, is the former President of Angola.[10]

In August 2013, dos Santos was ranked at number 26 out of the top 100 wealth fund chiefs in the world. The rankings are an annual measurement process run by The Sovereign Wealth Fund Institute and display a desire to diversify the economy of a nation highly dependent on its petroleum exports.[11][12]

References

  1. ↑ Zenú dos Santos Profile
  2. ↑ England, Andrew (7 July 2013). "Angola fund chief José Filomeno dos Santos rebuffs nepotism charge". Financial Times. Johannesburg. Retrieved 21 November 2013.
  3. ↑ Foundation, Thomson Reuters. "INTERVIEW-Angola wealth fund head denies plan to succeed president, his father". news.trust.org. Retrieved 2017-07-10.
  4. ↑ "Angola names president's son to chair $5 bln sovereign wealth fund". LISBON: Reuters. 21 June 2013. Retrieved 23 November 2013.
  5. ↑ "Angola sacks ex-president's son from fund". 1 May 2018. Retrieved 1 May 2018 – via www.bbc.com.
  6. ↑ <https://www.bbc.com/news/world-africa-43544327
  7. ↑ Eisenhammer, Stephen. "Britain says $500 million from alleged fraud can be returned to Angola". Retrieved 1 May 2018.
  8. ↑ Editorial, Reuters. "Angola charges son of ex-president dos Santos with fraud". Retrieved 1 May 2018.
  9. ↑ Reuters. "Angola's Dos Santos wants new MPLA leader chosen in Dec or April 2019". Retrieved 1 May 2018.
  10. ↑ Herculano Coroado, "Angola's dos Santos calls end to 38 years in power", Reuters, 3 February 2017.
  11. ↑ "Public Investor 100". The Sovereign Wealth Fund Institute. August 2013. Archived from the original on 2013-09-22.
  12. ↑ "José Filomeno dos Santos ranked in top 30 of global sovereign wealth fund leaders" (PDF). Fundo Soberano de Angola. 14 August 2013.


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