{"id":99157,"date":"2026-04-21T06:10:24","date_gmt":"2026-04-21T06:10:24","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion"},"modified":"2026-04-21T07:21:14","modified_gmt":"2026-04-21T07:21:14","slug":"african-bank-of-oman-enters-angolan-market-with-kz-18-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion","title":{"rendered":"African Bank of Oman Enters Angolan Market with Kz 18 Billion"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>The CEO of the African Bank of Oman (ABO) , Tariq Ateeq, announced on Friday in Lunda that at least AKZ 18.2 billion is the amount of share capital of that financial institution to start its banking activity in Angola.<\/b><\/p>\n

Speaking to journalists, at the end of an audience granted by the Minister of State for Economic Coordination, Jose\u0301 de Lima Massano, the manager said that the bank of the Sultanate of Oman (an Arab country in the Middle East) will support small and medium-sized enterprises, as well as large-scale projects in the country.<\/p>\n

\u201cWe believe that our presence in Angola can complement the Government’s efforts to achieve its macroeconomic objectives, in addition to supporting the country in initiatives to raise funds and manage public debt\u201d, he said.<\/p>\n

Among the priority sectors for investment in the first phase, Tariq Ateeq pointed to agriculture, energy (construction of transport lines), tourism, transport and logistics as the focus of the Omani bank’s activity.<\/p>\n

The CEO stressed that the institution he leads is committed to supporting Angola’s economic growth and intends to bring its international experience to strengthen trade and foreign direct investment between Angola and the Middle East.<\/p>\n

Tariq Ateeq emphasized that the bank has met the minimum share capital required to operate in Angola, ensuring that his institution has the financial resources to meet Angola’s investment challenges.<\/p>\n

It was also stated that the bank will base its actions on strict compliance with the rules of the Angolan financial system, aiming for solidity and transparency in its operations.<\/p>\n

The African Bank of Oman, headquartered in the Sultanate of Oman, is the first banking institution to enter the Angolan market, based in Luanda, and focused on serving corporate and institutional clients.<\/p>\n

The bank operates in the areas of transactional banking, international trade finance, foreign exchange operations, treasury management, and corporate financial advisory, supporting economic and financial operations between Angola, the Middle East, and other international markets.<\/p>\n

Licensed by the National Bank of Angola, ABO operates based on high standards of governance, internal control, and risk management, committing to transparency, regulatory compliance, and sustainable development.<\/p>\n

The ABO estblshes its first representation outside the Sultanate of Oman, a country rich in natural resources such as oil and natural gas, with an economy based on the export of these resources.<\/p>\n

For More News And Analysis About Angola<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. The CEO of the African Bank of Oman (ABO) , Tariq Ateeq, announced on Friday in Lunda that at least AKZ 18.2 billion is the amount of share capital of that financial institution to start its banking activity in Angola. Speaking to journalists, at the end of an audience granted by the […]<\/p>\n","protected":false},"author":84,"featured_media":99155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[329],"class_list":["post-99157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-angola"],"yoast_head":"\nAfrican Bank of Oman Enters Angolan Market with Kz 18 Billion - Angola<\/title>\n<meta name=\"description\" content=\"The CEO of the African Bank of Oman (ABO) , Tariq Ateeq, announced on Friday in Lunda that at least AKZ 18.2 billion ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Bank of Oman Enters Angolan Market with Kz 18 Billion\" \/>\n<meta property=\"og:description\" content=\"The CEO of the African Bank of Oman (ABO) , Tariq Ateeq, announced on Friday in Lunda that at least AKZ 18.2 billion ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-21T06:10:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-21T07:21:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2026\/04\/sm_1776743438.826932.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"686\" \/>\n\t<meta property=\"og:image:height\" content=\"386\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African Bank of Oman Enters Angolan Market with Kz 18 Billion\",\"datePublished\":\"2026-04-21T06:10:24+00:00\",\"dateModified\":\"2026-04-21T07:21:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion\"},\"wordCount\":407,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2026\/04\/sm_1776743438.826932.jpg\",\"keywords\":[\"Angola\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/african-bank-of-oman-enters-angolan-market-with-kz-18-billion\",\"name\":\"African Bank of Oman Enters Angolan Market with Kz 18 Billion - 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