Banking
BAI Worth More Than Its Three Biggest Rivals Combined
The Banco Angolano de Investimentos (BAI) seems to be experiencing its best moment, as if it were a Formula 1 champion—at least for now. The team led by manager and banker Luís Rodrigues Lélis has widened its lead in profitability, […]
“Men of the President” take control of Angolan banking sector
The Angolan banking sector is undergoing significant restructuring, with business groups considered close to President João Lourenço’s inner circle assuming strategic positions in the country’s main financial institutions. After the Carrinho Group, led by Nelson Carrinho, bought the Banco de […]