Africa Business News




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  The fall in commodity prices over the past 18 months has affected some of Africa’s biggest economies, but there are some cities where growth is evident and investment opportunities rife. Lagos, Accra, Nairobi, Kinshasa and Johannesburg are all showing signs of economic growth with investors favouring the retail, technology, […]

No Shortage of Investment Opportunities in Africa’s Cities







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Angola bank Banco Millennium Angola SA (BMA) will merge with Banco Privado Atlantico SA (Atlantico). The merger will create “Banco Millennium Atlantico” which will become Angola’s second-largest private bank private sector bank in terms of loans to the economy, with a market share of approximately 10% by business volume. This […]

Angola’s Millenium and Atlantico banks set to merge


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The first building of the future business district in Angola’s capital, Luanda, will be inaugurated next Tuesday September 22nd. This was revealed in a press conference by Miguel Carneiro the CEO of Baia de Luanda SA the company behind the $7 billion waterfront project, according to Angola state news service […]

First of Angola’s ‘Wall Street’ buildings set for inauguration


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Angola’s state-run oil company says is not “technically bankrupt” or in “crisis”, denying press and social media claims to the contrary. This was the message from Angolan National Oil Company (Sonangol EP) Chairman Francisco de Lemos José Maria who at a press conference assured the strength Sonangol extends to the commercial […]

Angola’s state-run oil company Sonangol ‘stable’



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Spanish billionaire Alberto Cortina is building a bank presence in West Africa in order to service growing demand from sovereign and corporate clients, according to Spanish daily El Pais. Cortina is carrying out due diligence on a Senegalese retail bank after his Banque de Dakar investment bank began operations in […]

Spanish magnate eyes growing African financial sector