Africa Monitor

Africa Monitor Intelligence

Angola: BNA Presses Isabel dos Santos' ouster from Banco BIC

ISABEL dos SANTOS is credited with the intention to sell its stake in BIC, a position that it has reiterated in a recent GM of the bank, in which it participated remotely. The recent de-escalation that JOÃO LOURENÇO's relations with JOSÉ EDUARDO DOS SANTOS have gone through is considered likely to lead the regime to opt for a non-aggravating solution for the issue of IS's participation in BIC, possibly in the context of the merger with BNI. READ MORE