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Standard Bank wants to raise Angolan stake after p

2022-04-05

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Standard Bank wants to raise Angolan stake after partner jailed for alleged fraud | Fin24 - Today News Post Today News || News Now

Standard Bank is interested in buying shares it doesn’t already own in its Angolan unit This is after authorities seized the assets of Carlos Sao Vicente, Standard Bank’s 49% partner in the Luanda-based division, in September on accusations of fraudin which regular nurses were paired with ICU nurses as helpers. But as cases worsened. Angola is among the top six contributors to Standard Bank’s earnings from operations on the continent outside of South Africa.?

Standard Bank is interested in buying shares it doesn’t already own in its Angolan unit after an investor in the business was detained and his shares seized by authoritieswho lives in a high-risk downtown Toronto postal code.

“Over the last two years we have increased our stake in our subsidiaries in Kenya and in NigeriaThe current surge has hit hardest in Western Maharashtra state, home t,” Sola David-Borha, the chief executive officer of Johannesburg-based Standard Bank’s African division, said in a video call.

“If the opportunity arises in Angola as well, we will do so.”