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Angola: é-Kwanza will become a fintech

By Nilza Rodrigues

The Angolan Investment Bank (BAI) will go ahead with the spin-off of é-Kwanza, its electronic money financial service, to create a fintech, Forbes Lusophone Africa found out first-hand.

According to sources in the financial market, the process has already been submitted to the National Bank of Angola.

It is currently in the process of formation and approval by the regulator. The forecast is that everything will be operational by June.

According to the same sources at Forbes Lusophone Africa, é-Kwanza will serve the entire market and not solely be associated with Subscribe to our Premium Membership Plan. Already Subscribed?

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