Angola puts up to over $260 million in Standard Bank shares seized from former insurance tycoon
The country’s Capital Market Commission has approved the sale of 4.76 million shares, representing 34% of the bank, according to the regulator’sofficial announcement
South Africa’s Absa eyes Angola return nearly two decades after exit, weighs Nigeria licence – Businessday NG
Absa Group is preparing to return to Angola nearly two decades after exiting the market and is considering a merchant banking licence in Nigeria as one of the top South African lenders seeks to diversify earnings beyond its three main markets of South Africa, Ghana and Kenya
African oil giants Nigeria, Algeria and Angola watch as Russia turns to India for fuel after Ukrainian strikes hit refineries
The crisis has triggered rationing, long queues at filling stations and record gasoline price increases across Russia’s 11 time zones, forcing Moscow to seek fuel from other countries