Banco Yetu has adopted RIVO™ to modernise its trade finance operations and support growth.
Angola is attracting investment and expanding its role in global energy and trade markets.
The move should improve efficiency and strengthen Angola’s position in regional and international trade.
On Wednesday, 15 April, Angolan financial institution Banco Yetu revealed that it has selected Surecomp’s corporate engagement platform RIVO™ to aid Angola’s expected trade growth.
With over 2.5 billion barrels of oil reserves, Angola is among Africa’s largest oil producers. Oil revenues account for more than 90% of Angola’s earnings from exports, and there is expected to be more than $60 billion in investments in the Central African country over the course of the next five years.
“As a market historically reliant on oil exports, Angola has turned a corner and is now set to be one of Africa’s strongest trade hubs. Thanks to Banco Yetu and some of the other key banks in the region reinforcing their trade finance support with digital solutions, Angolan trade will flourish,” João Teles, Surecomp’s Sales Director for Angola, told Trade Finance Global (TFG).
Angola’s exports primarily go to China (40.1%), followed by India (9.1%) and the UAE (6.5%).
Its potential to emerge as a global oil supplier is amplified by the ongoing energy crisis driven by the disruption in the Strait of Hormuz, as importers, particularly in Asia, turn to alternative sources.
However, in 2025, the United Nations (UN) Global Survey on Digital and Sustainable Trade Facilitation revealed that Angola’s cross-border paperless trade sat at 0%.
“Through this commitment, we send a clear message to our clients and ecosystem partners that the modernisation of trade finance is essential to drive agility, robustness, security, scalability and long-term sustainable growth,” said Hibraym Salvaterra Pinto, Coordinating Director at Banco Yetu.
RIVO™ is a web-based platform, designed to streamline trade finance operations for corporate clients. Its centralised hub harnesses automation and standardisation, ensuring all documentation can be viewed in one place, while easing compliance and risk management processes.
The platform is expected to optimise Banco Yetu’s operational performance across Angola, increasing efficiency, transparency, and traceability across the country’s cross-border trade.
“Banco Yetu’s vision is to be the leading platform in Angola for financial solutions. Trade finance is one of the fundamental pillars of this journey, driving the sustainable growth of the economy and cross-border trade across the African continent,” added Salvaterra Pinto.
Angola’s move towards digitalisation, coupled with its strategic location, also makes it attractive for foreign investors. Angola provides access to the Lobito Corridor – the first open-access trans-continental rail link in Africa, connecting Angola with the Democratic Republic of Congo and Zambia.
The Corridor is considered vital for accessing the region’s critical minerals, including cobalt and copper, and has attracted over $2 billion in investments from the European Union (EU). It is also key for Angola’s diversification from predominantly oil exports.
Angola is also integrating into the Southern African Development Community (SADC) Free Trade Area and participates in the African Continental Free Trade Area (AfCFTA), making its digital adoption advantageous for its growing engagement in intra-African trade.
“Angola’s trade finance market is seeing a surge in appetite for digital adoption, driven largely by improved cross-border trade relations and greater demand from corporate clients. Banks are recognising the need to set themselves apart – by leveraging technology to mitigate the risk of currency volatility and external market shocks and to support customers quickly and effectively in their trade diversification,” Tal Weiser, CRO at Surecomp, told TFG. “Banco Yetu is setting the standard for this future-proofing by onboarding RIVO™.”