By the AFREEQUE newsroom, based on Mercado
Standard Bank Angola has provided more than 600 million kwanzas in financing for tourism activities, through around 543 transactions for businesses in the sector. The financing stems from an agreement concluded with Angola’s Ministry of Tourism in May, according to the statement cited by Mercado.
The Angolan government plans to centralise investors’ concession applications at the Ministry of Tourism to simplify procedures and make awards more transparent. About $700 million in public tourism infrastructure has already been approved, and the first concessions are expected by year-end, according to Mercado.
🇦🇴 Angola · Source: Mercado ·
OPay has suspended its New York Stock Exchange listing after a regulatory inquiry was opened, despite a planned $304 million raise and a valuation of about $4 billion. The company said its operations in Nigeria and its other markets were unaffected, according to a statement quoted by Leadership and Bloomberg.
🇳🇬 Nigeria · Source: Leadership ·
The Angolan state is auctioning 900,420 Banco Comercial Angolano shares, representing 1.44% of its capital, at a base price of 674.2 million kwanzas. The electronic sale, scheduled for 29 October under the PROPRIV programme, will be conducted by IGAPE, according to Mercado.
🇦🇴 Angola · Source: Mercado ·
Angola’s stock exchange closed on 19 October lower for Standard Bank Angola, whose share price fell 1.24% to 67,150 kwanzas, and Banco de Fomento Angola, down 0.50% to 99,500 kwanzas. Other monitored shares were unchanged at the close, while Unitel led trading with 34.6 million kwanzas, according to the Angolan business press.
🇦🇴 Angola · Source: Mercado ·
Angola swears in 52 provincial electoral commissionersAngola’s National Electoral Commission president, Manuel Pereira da Silva, has sworn in 52 provincial commissioners from Bié, Huambo, Cuando and Cubango. He urged them to act impartially and rigorously to strengthen trust in electoral processes, according to Mercado.
Zambia splits energy ministry into two administrationsZambia has split the Ministry of Energy into two administrations responsible for oil and electricity respectively. Energy expert Bornface Zulu believes the reorganisation should strengthen specialisation, accountability and the conduct of public policy, reports the Lusaka Times.The week in Africa
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