The European Union s Court of Justice now has to decide if a binational lesbian couple s daughter will be granted a Bulgarian birth certificate and receive citizenship.
Standard Bank eyeing shares in Angolan unit after partner jailed
By Roxanne Henderson and Candido Mendes
(Bloomberg) – Standard Bank Group Ltd. is interested in buying shares it doesn’t already own in its Angolan unit after an investor in the business was detained and his shares seized by authorities.
‘Over the last two years we have increased our stake in our subsidiaries in Kenya and in Nigeria,’ Sola David-Borha, the chief executive officer of Johannesburg-based Standard Bank’s African division, said in a video call. ‘If the opportunity arises in Angola as well, we will do so.’
A rule barring foreign companies from full ownership of businesses in Angola was in place when Africa’s largest lender opened its unit in the southern nation in 2010, but has since been scrapped for some industries.
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Angola’s President Joao Lourenco has cleared the way for Initial Public Offerings (IPOs) on government-owned stakes in three of the country’s telecoms operators.
As reported by local outlet Novo Jornal, Presidential Orders No. 184/20 and No. 185/20 have authorised IPOs for the privatisation of state holdings in TV Cabo Angola and Multitel respectively. Order No. 186/20 has sanctioned a “limited tender by prior qualification” for the government’s shares in Net One. All three orders grant the Minister of Finance the authority over the privatisation procedures, inclu