Carrinho Group Strengthens Grip on Angolan Banking with Purchase of BPI’s Stake in BFA
09/03/2026The Carrinho Group, led by Nelson Carrinho, has taken control of three of Angola’s leading commercial banks after its company Congolian Financial SA (CFSA) acquired the 33.35% stake that BPI held in Banco de Fomento Angola (BFA), corresponding to 5,002,500 […]
Livestock farmers call for a tax regime tailored to production costs and cycles
26/08/2026At an auction that registered 452 head of cattle and 288 sheep, with business worth 299.2 million kwanzas, producers are calling for specific tax legislation for the livestock sector, arguing that “high” costs and long production cycles put domestic farming […]
Banco de Fomento Angola becomes the first Angolan bank to establish a correspondent relationship with US-based Citibank
25/08/2026The Angolan bank describes the move as a “historic milestone in the internationalisation of Angolan banking,” as it now has access to the US bank’s international infrastructure and network. Banco de Fomento Angola (BFA) has become the first Angolan bank […]
Zambia’s president to be sworn in for second term while opponent detained
Zambia’s President Hakainde Hichilema is due to be sworn in for a second five-year term on Tuesday following a disputed election and the arrest of his main opponent on treason charges. Hichilema – credited with stabilising the economy – swept to […]
Angola begins niobium mining
Angola will begin mining the rare metal niobium this year, the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, announced on Monday in Luanda. Niobium is a rare, strategic metal used to strengthen metal alloys and steel, and it […]
