Recent News about Isabel dos Santos

Isabel dos Santos is a successful business woman from Angola. She was born in 1 April 1973. Do you know who the first Africa’s billionaire woman was? Well, it was Isabel dos Santos. She also has a vast experience in leadership and owns a satellite television called ZAP.

In the recent news, ZAP made an announcement to reduce the prices of its services by june 1. Furthermore, it assures that the price will be reduced by up to 13 as of August 1. This deliberate action was taken because of agreement reached with INACOM which has a sole duty to end any dispute that occurs.

She is also the owner of the Urbinveste and Landscape companies. Recently she was accused of over invoicing in the scope of the work which was mainly about constructing the Marginal da Corimba in Luanda. She responded to the claims that were made about her saying the accusations lack transparency and they are false and unfounded.

Apparently the woman entrepreneur regrets that one of her companies, Urbinveste, is the only company to go out of the original consortium of construction of a brand Marginal in the capital of the country. She rejected the grounds represented by the Executive.

In 2009. She received 125 million euros as a loan from CaixaGeral de Depositos. She says that out of the 125 million euros, 60% has been amortized, the rest of the payments are current. But the loan was granted for the acquisition of shares only in a company called NOS as it was written in the Portuguese newspaper.

The loan was given up to a period of seven years according to the daily. This was to be done with a three-year fund shortage and payment of interest at the six-month Euribor rate. The guarantors are to cooperate in order to repay the loan.

In conclusion, Isabel dos Santos has passed through a lot in her life. The article shows about the challenges faced in the life if doing business. Isabel dos Santos remains to be a successful business woman in Africa.

Isabel dos Santos’s: Youtube.