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Standard Chartered Opens Onshore Bank In Angola

Sandra Kilhof

22 January 2014

The international banking group . In 2012, this trade corridor was worth over $35 billion alone, providing the Angolan economy with a much-needed boost.

Generally, Africa as a target region for managers looking to rein in new millionaires is rising in the wealth management ranks (read more on that, here.) To this end, Angola is quickly becoming a hot market for financial services firms to tap into, as the country’s wealth continues to increase.

As such, “the approach of the new entity will be marked by a focused client strategy that builds on its core expertise and client needs. Both Standard Chartered and ENSA are eager to contribute to the sustainable development of the Angolan financial sector in accordance with international standards,” added ENSA CEO Manuel Joaquim Goncalves.

Standard Chartered is a major player in Africa with offices across the continent, including locations in Angola, Botswana, Cameroon, Cote d'Ivoire, Egypt, Ghana, Kenya, Mauritius, Nigeria, Sierra Leone, South Africa, Tanzania, The Gambia, Uganda, Zambia and Zimbabwe.