Angola President Fires Predecessor's Son as Wealth Fund Head
- President depicted as ‘Terminator’ by Angolans due to firings
- Lourenco may next take aim at leadership of ruling MPLA party
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Angolan President Joao Lourenco dismissed the son of his predecessor Jose Eduardo dos Santos as chairman of the country’s $5 billion sovereign wealth fund, further loosening the grip of the Dos Santos family on key areas of state.
Lourenco fired Jose Filomeno dos Santos and the entire board of the Fundo Soberano de Angola, according to a presidential decree published by state-owned Angola Press. The decree didn’t provide a reason for the dismissals. Carlos Alberto Lopes, a former finance minister, will take over as head of the fund, it said.