Laundering Isabel dos Santos

The news broke across international media late on January 19 2020: Isabel dos Santos’s fortune appears to largely be a result of decades of looting facilitated by management consultant companies and other international enablers. The GuardianThe New York TimesLe Monde and Expresso among others published reports from the International Consortium for Investigative Journalism’s “LuandaLeaks.” The LuandaLeaks draw from an impressive 715 000 documents that were sent to the Paris-based Platform to Protect Whistleblowers in Africa. Dozens of journalists and researchers across multiple media organisation worked for months to analyse the information in order to expose the vast transnational looting of Angola’s wealth.

As with the Mozambican debt scandal, which was enabled by the collusion of Mozambican state officials with bankers at Credit Suisse among others, the articles emphasise what many already know: “African corruption” is only African as regards its victims, its perpetrators are  institutions and individuals from across the globe who are willing to loot without conscience as they watch their offshore accounts grow. At this point, PwC, Boston Consulting and the other consulting management companies mentioned in LuandaLeaks should surely be calling their public relations office, but the truth is, given how much money they have made, they probably don’t care.

Perhaps the most frustrating part of all of this, however, is that the world knew. Rafael Marques de Morais, Angola’s most well-known investigative journalist and anti-corruption activist has been reporting not only on Isabel dos Santos’s financial activities, but the rest of the Dos Santos family, via his news site MakaAngola for years. While winning multiple awards for his efforts to report in the face of harassment and persecution from the Angolan authorities, most governments and companies obsessed with Angola’s oil wealth and charmed by the Dos Santos family chose to ignore the reports. In fact, rather than pick up the question of corruption, many media outlets and other organisations celebrated Ms Dos Santos’s status as “Africa’s wealthiest woman” commenting on her business acumen (AIAC did not. See articles reporting on Isabel dos Santos for example here and here).

(Instagram)

Importantly, what has enabled Dos Santos and others like her, then, are not only dubious consultants, but a plethora of institutions who chose her business image over clear reports of corruption. The Yale Undergraduate Association for African Peace and Development invited her to speak about development on the continent in April 2018. Despite multiple people tweeting them to question the decision, they insisted on keeping her on the program, instead inviting others to engage with her. The problem was that the ones most affected were in Luanda’s poverty-stricken neighborhoods, unable to afford the trip to New Haven to confront the woman who symbolises the reasons for their situation.

But Yale is not the only culprit. Ms Dos Santos was invited to speak at the ECR Africa Summit in the European Parliament in 2019, Warwick University in 2018, the London Business School in 2017, and at the London School of Economics in 2017. Stretching further back, she spoke at the New York Forum Africa in 2013, and the Global Entrepreneurship Summit in 2014.


By laundering her image, these universities and organisations assisted in presenting her as a legitimate business person. They behaved like there are two sides to the story when it comes to looting, thereby normalising corruption. They valued Dos Santos’s glamour over the rights of millions of Angolans. As the LuandaLeaks story continues to unfold, one hopes that not only the organisations mentioned, but the others who supported Ms Dos Santos by giving her platforms, might at least sheepishly have some internal conversations about how they engage with the continent. Until international partners can provide clear condemnations of behavior which they would criticise in their own countries, open discussions and relationships of trust are going to be hard to build.

This article was first published on Africa is a Country

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Claudia Gastrow
Claudia Gastrow is a lecturer in the Department of Anthropology and Development Studies at the University of Johannesburg.

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