Monday 20 / April / 2026
Muscat: The African Bank of Oman has been officially established in Luanda, marking a significant step in the Sultanate of Oman’s strategy to expand its financial footprint in emerging African markets.
The announcement reflects Oman’s growing ambition to strengthen its role as a provider of financial and institutional expertise on the global stage, while deepening economic engagement with the African continent.
His Highness Sayyid Theyazin bin Haitham Al Said, Deputy Prime Minister for Economic Affairs, said the move will enhance economic relations with Africa’s fast-growing markets and reinforce Oman’s reputation as a reliable investment partner. He added that the initiative supports the country’s long-term diversification goals under Oman Vision 2040.
For his part, Abdulsalam bin Mohammed Al Murshidi, Chairman of the Oman Investment Authority, highlighted the bank’s strategic role in enabling Omani companies to expand internationally and tap into new markets and investment opportunities.
He noted that the bank will also contribute to economic development in Angola by financing key projects and strengthening trade and investment financing systems.
The establishment of the bank underscores Oman’s broader push to build global partnerships, support private sector growth, and position itself as a key player in emerging international markets.
