Angolan President Joao Lourenco has sacked Isabel dos Santos as chairperson of the state oil company Sonangol.
According to a presidential statement, the eldest daughter of former president José Eduardo dos Santos was relieved of her post along with the entire board of Sonangol on Wednesday.
Ms dos Santos was appointed to chair the Sonangol board of directors by her father in June 2016.
She will be replaced by Carlos Saturnino, whom she fired from Sonangol last year. Saturnino was recently appointed secretary of state for oil and put in charge of a 30-day review of the sector.
According to a statement from the Ministry of Social Communications, the government also ordered the state television station to terminate contracts for the management of a local and an international state-owned channel with two of former president Dos Santos’ younger children.
Ms Isabel dos Santos was ranked 74th most powerful woman globally in 2017 by Forbes magazine, the publication also ranks her Africa’s richest woman with a net worth of $3 billion.
The 44-year-old assets in Angola include a 25 per cent stake in Unitel, one of the southern Africa state’s two mobile phone networks, and a 25 per cent stake in Banco Internacional de Credito (Banco BIC).