South Africas Standard Bank to open in Angola by mid-2010

By bne IntelliNews January 11, 2010
South Africas Standard Bank, the countrys biggest bank by assets, plans toopen in Angolaby mid-2010. The bank plans to draw Chinese and Russian investors to thecountry and hope their presence will reduce the perception of risk people haveof dealing with Angolans. Reuters reported that Standard Bank was granted abanking licence by Angolalast year and will invest USD 50mn in the opening of three branches, two in Luanda and one in the port city of Lobito. The bank will then have operations in17 countries in Africa.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335