José Filomeno Dos Santos
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Jose Filomeno de Sousa dos Santos (born 9 January 1978) is an Angolan businessman, and the son of Angola's former President
José Eduardo dos Santos José Eduardo dos Santos (; 28 August 1942 – 8 July 2022) was the president of Angola from 1979 to 2017. As president, dos Santos was also the commander-in-chief of the Angolan Armed Forces (FAA) and president of the People's Movement for ...
, who ruled the country from 1979 to 2017. He was the chairman of Fundo Soberano de Angola (FSDEA), Angola's
sovereign wealth fund A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such ...
, was appointed to the board in 2012, and succeeded Armando Manuel as Chairman in June 2013. Following the election of President João Lourenço, dos Santos was dismissed from his position before the end of his term. Some criticised it as a move to remove powerful figures connected to the previous president. His sister
Isabel Isabel is a female name of Spanish origin. Isabelle is a name that is similar, but it is of French origin. It originates as the medieval Spanish form of '' Elisabeth'' (ultimately Hebrew ''Elisheva''), Arising in the 12th century, it became popul ...
was also removed as head of the state-owned oil company
Sonangol Group Group Sonangol ( pt, Grupo Sonangol) is a parastatal that formerly oversaw petroleum and natural gas production in Angola. The group consisted of Sonangol E.P. ( pt, Sociedade Nacional de Combustíveis de Angola, E.P.) and its many subsidiaries. ...
, which the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...
in 2011 asked to account for a missing US$32 billion. The country derives about 60% of its revenues from oil. Following his dismissal, Dos Santos was arrested in connection with the authorisation of a transfer of $500 million to a British bank, which froze the funds, among other charges of "criminal organization, illegal enrichment, money laundering and corruption". He was released in March 2019. The transfer is reportedly part of negotiations for a $30 billion concessional lending facility for Angola, the money being returned to the country’s central bank. 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. Dos Santos' father, former president José Eduardo dos Santos, lived in Barcelona. 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. Dos Santos appeared on 9 December 2019 before the Supreme Court in Luanda, the capital, along with three co-defendants, who are also accused of money laundering and embezzlement, one of which is former governor of the central bank Valter Filipe da Silva. Angolan justice sentenced dos Santos to five years in prison on 14 August 2020 for fraud, money laundering and trading in influence.


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External links


Priority for infrastructure: Angola fund sees bright future

José Filomeno dos Santos interview on BBC
{{DEFAULTSORT:Santos, Jose Filomeno dos Angolan politicians Living people Alumni of the University of Westminster 21st-century Angolan people 1978 births Jose Filomeno