AFREEQUE
Top stories
Football
🇦🇴 AngolaBusiness

Angola’s sovereign fund takes stake in credit bureau

By , based on Jornal F8

Angola’s sovereign fund takes stake in credit bureauIllustrative image · RDNE Stock project · Pexels · Licence Pexels

Angola’s Sovereign Fund has acquired a stake in Bureau, the country’s first licensed private credit information bureau. The participation is intended to support the expansion of its services among financial institutions and improve access to credit by reducing defaults and information asymmetry, Folha 8 reports.

The Sovereign Fund of Angola (FSDEA) has acquired a stake in Bureau, the country’s first licensed private credit information bureau. The participation is intended to allow the company to expand its activities among financial institutions, according to a Bureau statement carried by Jornal F8.

The subscription agreement between the two institutions was signed on 4 June. The FSDEA is expected to appoint a director to Bureau’s board, which, according to the statement, will strengthen the company’s governance.

Bureau collects and analyses information on the financial behaviour and consumption habits of individuals and companies to inform credit decisions. Its data can also be used by telecoms operators, insurers and investors.

Share this article

Related stories

Angola invites Namibia to take stake in Lobito refinery

Angolan President João Lourenço has invited Namibia to take a stake in the Lobito refinery, a 200,000-barrel-a-day project so far funded by Sonangol. Namibian President Netumbo Nandi-Ndaitwah has not confirmed any commitment, Mercado reports, as Angola seeks regional partners for the project.

🇦🇴 Angola · Source: Mercado ·

Angolan student card attracts more than 7,000 university students

Angolan programme Pacote Estudante CEU, developed by start-up Ombala Invest with Banco de Comércio e Indústria and the Ministry of Higher Education, already covers more than 7,000 university students. For 5,000 kwanzas, the card combines official academic identification, payments, commercial discounts of up to 50% and possible access to student credit, Mercado reported.

🇦🇴 Angola · Source: Mercado ·

Ivanilson Machado presents his first African art collection

Angolan collector Ivanilson Machado presents his first collection, bringing together works by African, Angolan and international artists. Called “The Legacy Collection”, the exhibition explores identity, memory and the transmission of artistic heritage between generations, reports Expansão.

🇦🇴 Angola · Source: Expansão ·

Angola’s MPLA summons Higino Carneiro for disciplinary hearing

Angola’s MPLA party has summoned Higino Carneiro before its disciplinary commission after his candidacy for the party leadership was cancelled. The general must appear on Friday 30 October, ahead of the congress scheduled for 9 and 10 December, according to an internal source quoted by Folha 8.

🇦🇴 Angola · Source: Jornal F8 ·

🇦🇴 Latest from Angola

Angola to halve fuel subsidies in 2027Angola to halve fuel subsidies in 2027Angola’s draft 2027 budget plans to cut fuel subsidies to less than half, with a reference price of $71 a barrel and production expected to reach one million barrels a day. The 37.34 trillion kwanzas budget was submitted to parliament, according to Mercado.All Angola news →

Business in Southern Africa

Map: Johannesbourg, South AfricaJohannesburg reaches 1.2bn to 5bn rand wage agreementThe City of Johannesburg has reached a wage agreement covering around 35,000 employees, with payments of between 1.2 billion and 5 billion rands envisaged. Announced on the eve of municipal elections, the agreement could increase the city’s costs, according to civic organisation JoburgCAN, cited by Daily Maverick.All Business news →

The week in Africa

This week’s highlights

  1. Ebola: 5,376 dead, mostly in the DRC🇨🇩 DR Congo
  2. FBI attributes Binance hack to North Korea🇰🇵 North Korea
  3. Ugandan AUSSOM contingent remains in Somalia🇸🇴 Somalia
  4. Senegal’s Assembly rejects government’s 2026 supplementary budget🇸🇳 Senegal
  5. US excludes South Africa and Rwanda from AGOA🇿🇦 South Africa
All of this week’s highlights →

Africa in your inbox

Be the first to get our letter in English: the essentials from every region of the continent, free.

← Back to the news