{"id":461157,"date":"2018-07-16T16:06:00","date_gmt":"2018-07-16T15:06:00","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=461157"},"modified":"2018-07-16T16:06:00","modified_gmt":"2018-07-16T15:06:00","slug":"ecobank-loses-bank-authorization-in-angola","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/16\/ecobank-loses-bank-authorization-in-angola\/","title":{"rendered":"Ecobank loses bank authorization in Angola"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Angolan central bank canceled last week the authorization granted to the pan-African financial group Ecobank Transnational Inc. to create Ecobank Angola after its expiration.<br \/>\nOfficially, the central bank mentions &#8220;the repeated non-compliance with the legal deadline for starting the activity&#8221;.<br \/>\nIt should be noted that according to the fundamental law of the financial institutions in Angola, the legal deadline for the beginning of the activity is 12 months after the granting of the license. A period that can be extended once, for six months.<br \/>\nAs a reminder, it was in 2013 that the Lom\u00e9-based bank announced its intention to move to Angola and Mozambique, the aim being to strengthen its network in Portuguese-speaking countries. But since then, Ecobank has only entered Mozambique, Cape Verde, Guinea-Bissau and S\u00e3o Tom\u00e9 and Pr\u00edncipe.<br \/>\nAngola currently has 28 active banks and two others in the process of being established which have not started operations.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Angolan central bank canceled last week the authorization granted to the pan-African financial group Ecobank Transnational Inc. to create Ecobank Angola after its expiration. Officially, the central bank mentions &#8220;the repeated non-compliance with the legal deadline for starting the activity&#8221;. It should be noted that according to the fundamental law of the financial institutions<\/p>\n","protected":false},"author":527297,"featured_media":461161,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000,12591],"tags":[429,79],"class_list":{"0":"post-461157","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-feature","9":"tag-angola","10":"tag-ecobank","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ecobank loses bank authorization in Angola - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\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.financialafrik.com\/en\/2018\/07\/16\/ecobank-loses-bank-authorization-in-angola\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecobank loses bank authorization in Angola\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/07\/16\/ecobank-loses-bank-authorization-in-angola\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-16T15:06:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/07\/ecobank-banque-panafricaine-627x396.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"627\" \/>\n\t<meta property=\"og:image:height\" content=\"396\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amadjigu\u00e9ne Ndoye\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amadjigu\u00e9ne Ndoye\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/\"},\"author\":{\"name\":\"Amadjigu\u00e9ne Ndoye\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/f66e9fe5987f7fd0dbfb373d8fb91a1a\"},\"headline\":\"Ecobank loses bank authorization in Angola\",\"datePublished\":\"2018-07-16T15:06:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/\"},\"wordCount\":157,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/ecobank-banque-panafricaine-627x396.jpg\",\"keywords\":[\"Angola\",\"Ecobank\"],\"articleSection\":[\"Banks &amp; Insurance\",\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/\",\"name\":\"Ecobank loses bank authorization in Angola - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/16\\\/ecobank-loses-bank-authorization-in-angola\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/ecobank-banque-panafricaine-627x396.jpg\",\"datePublished\":\"2018-07-16T15:06:00+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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