The Sancorp group, based in Dubai, announced that it intends to invest in Angola's oil and gas sector. The company revealed that it has two billion dollars to invest on the African continent, with special focus on Angola.
The announcement was made today, marking the group's intention to establish operations in the African country. Sancorp identified Angola as one of the priority markets for the deployment of its investments.
The Lobito Corridor was highlighted by the company as a "strategic axis for expansion." This logistics corridor, which connects Zambia to the port of Lobito in Angola, is considered by Sancorp as fundamental to its growth plans in the region.
