Oman opens Angola-based investment bank to deepen Africa trade links
Oman has launched a new corporate investment bank in Angola as part of efforts to deepen its financial presence in Africa and strengthen trade links with emerging markets.
Black News 
![Angola, Luanda: View over the Baía de Luanda to the Angolan capital. [Photo by Eva Krafczyk/picture alliance via Getty Images]](https://ocdn.eu/pulscms/MDA_/7e25311e9579ff7301e2f29133dfb987.jpg)
Oman has launched a new corporate investment bank in Angola as part of efforts to deepen its financial presence in Africa and strengthen trade links with emerging markets.
- Oman has established a new investment bank in Angola to expand its footprint in Africa’s fast-growing markets.
- The African Bank of Oman will focus on cross-border payments, corporate banking, and financing major projects.
- The move aligns with Angola’s economic diversification strategy and broader Gulf interest in African investment opportunities.
- It also reflects Oman’s Vision 2040 plan to position itself as a financial bridge between the Middle East and emerging economies.
The institution, known as the African Bank of Oman, was established under the sultanate’s long-term economic blueprint, Vision 2040, according to Oman News Agency. The strategy aims to diversify national income and expand overseas investments beyond the Gulf.
The move aligns with Angola’s ongoing economic reforms, which focus on reducing dependence on oil revenues, accelerating privatisation, and attracting foreign capital into key sectors.
The bank will prioritise facilitating cross-border payments between Angola and the Middle East, offering corporate banking services, and advising on large-scale investments in strategic industries. These include oil and gas, which account for roughly a fifth of Angola’s economy, as well as consumer goods, mining, infrastructure, and logistics.
In its initial phase, the bank aims to serve about 50 multinational firms, domestic companies, and government entities operating in Angola.
Speaking on the initiative, Theyazin bin Haitham Al Said said the bank is intended to position Oman as a financial bridge between the Middle East and emerging global markets. He noted that the project reflects broader ambitions to expand the country’s investment footprint beyond traditional regions.
Abdulsalam bin Mohammed Al Murshidi added that the bank would support Omani companies seeking international expansion and access to new investment opportunities, particularly in Africa’s high-growth markets.
Details on the bank’s capitalisation were not disclosed.
The launch comes shortly after another regional push by Oman Investment Authority, whose subsidiary recently began construction of a 500-megawatt solar power plant in Botswana. The project forms part of a broader bilateral agreement targeting up to 3,000 megawatts of energy capacity.
Analysts say the bank’s entry into Angola reflects growing competition among Gulf states to secure economic influence in Africa, where infrastructure gaps and expanding consumer markets present significant investment opportunities.
