July 27, 2026

Angola just raised $321m selling shares in a telco it seized from Africa’s richest woman

a black and white photo of people in a room
Museums Victoria / Unsplash

Angola raised roughly $321 million on Monday by selling a 15% stake in Unitel, the country’s dominant mobile operator, in what Bloomberg reported as the largest initial public offering the nation has ever run. The proceeds go towards financing the st...