Major players in the finance and energy sectors are modernizing to deliver the best possible service
Since the end of the COVID-19 pandemic, Angola’s economy has enjoyed rapid growth as a range of industries have undergone a significant transformation and have embraced modernization and innovation.
This has been seen in numerous sectors but is particularly prevalent in the fields of finance and energy. When it comes to the latter, one of the companies changing the way it operates is ACREP, an upstream player with a strategic focus on the promotion and relaunch of abandoned oil fields.
Founded in 2003, it has recently made a significant investment in technological innovation to improve the efficiency of its exploration operations. “We created an autonomous company, Dinge Sondagens, and acquired an oil rig and a cementing unit for drilling and repairing oil wells. This acquisition represents a strategic step in modernizing machinery and strengthening ACREP’s capabilities,” outlines Marlene Costa, Chairman of ACREP.
“The oil rig and cementing unit are pieces of cutting-edge technology that play a crucial role in the efficient exploration and maintenance of oil wells. These investments reflect ACREP’s commitment to adopting modern technologies to optimize drilling processes, guarantee operational safety and maximize oil production.”
This push to modernize can also be seen throughout the financial sector, with major players throughout the industry committed to ensuring they match global standards and deliver the best possible service.
“Banks are strongly committed to digitalization to increase bank efficiency and expand financial product and service offerings to Angolans,” explains Mário do Nascimento, President of ABANC.
“This is fundamental, especially considering our young, rapidly growing populations, which represents a big opportunity in all parts of the economy. Our objectives include not only expanding financial inclusion but also improving efficiency, with restructuring processes underway to enhance our capabilities and services.”
Another significant player in the financial sector with a clear mission to enhance the efficiency and security of banking operations is EMIS, an interbank services company that is owned by all the commercial banks operating in Angola collectively. “Our foremost focus is on safe and high-quality growth,” reveals José Gualberto de Matos, CEO of EMIS. “Our primary priority for the upcoming year is centered on the development of instant transfer systems, aligning ourselves with global advancemen
