Isabel dos Santos is classed as Africa’s richest woman by Forbes magazine and one of the 100 most influential women in the world and recently spoke at the European Parliament about the continent’s links to Africa. The Angolan business leader is a popular figure in the telecommunications and oil supply sectors which have allowed her to earn a personal fortune in excess of $2 billion. At the forum at the European Parliament, Dos Santos discussed the changing face of the African continent and defended the position that a digital revolution is ongoing among the African people.
The first female African billionaire is the chair of the telecommunications giant, Unitel and recently sparked takeover talks following her decision to enter the European communications market. Isabel dos Santos has taken her interest in telecommunications to the Portuguese market with the purchase of a large amount of stock in the Nos SGPS cable and internet provider as her links between Africa and Europe continue to develop.
The African continent is fast becoming one of the leaders in the world of digital commerce as the number of transactions being completed over the Internet is close to overcoming the number of products sold in traditional stores. According to Isabel Dos Santos, other areas of development for digital commerce are fast catching up on the traditional forms of commerce used for the last few centuries, including banking. Digital banking options are growing in Africa, and provide new options for consumers to explore.
Isabel dos Santos has interest in the digital revolution taking place in Africa as she was one of the first business leaders on the continent to identify the sector as one of the most important for the future. Identifying the submarine fiber optic cable linking Africa and the Americas as vital to the future of the continent, Mrs. dos Santos explained it was vital the communication links destined for Africa were used to enhance small and large businesses.