Banco Yetu has adopted RIVO\u2122 to modernise its trade finance operations and support growth.
\nAngola is attracting investment and expanding its role in global energy and trade markets.
\nThe move should improve efficiency and strengthen Angola\u2019s position in regional and international trade.<\/p>\n
On Wednesday, 15 April, Angolan financial institution Banco Yetu revealed that it has selected Surecomp\u2019s corporate engagement platform RIVO\u2122 to aid Angola\u2019s expected trade growth.<\/p>\n
With over 2.5 billion<\/a> barrels of oil reserves, Angola is among Africa\u2019s largest oil producers. Oil revenues account for more than 90%<\/a> of Angola\u2019s 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.\u00a0<\/p>\n \u201cAs a market historically reliant on oil exports, Angola has turned a corner and is now set to be one of Africa\u2019s 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,\u201d Jo\u00e3o Teles, Surecomp\u2019s Sales Director for Angola, told Trade Finance Global (TFG).<\/p>\n Angola\u2019s exports primarily go to China (40.1%<\/a>), followed by India (9.1%) and the UAE (6.5%).<\/p>\n 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<\/a> to alternative sources.<\/p>\n However, in 2025, the United Nations (UN) Global Survey on Digital and Sustainable Trade Facilitation revealed that Angola\u2019s cross-border paperless trade sat at 0%<\/a>.\u00a0<\/p>\n \u201cThrough 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,\u201d said Hibraym Salvaterra Pinto, Coordinating Director at Banco Yetu.<\/p>\n RIVO\u2122<\/a> 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.<\/p>\n The platform is expected to optimise Banco Yetu\u2019s operational performance across Angola, increasing efficiency, transparency, and traceability across the country\u2019s cross-border trade.\u00a0<\/p>\n \u201cBanco Yetu\u2019s 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,\u201d added Salvaterra Pinto.<\/p>\n Angola\u2019s move towards digitalisation, coupled with its strategic location, also makes it attractive for foreign investors. Angola provides<\/a> access to the Lobito Corridor \u2013 the first open-access trans-continental rail link in Africa, connecting Angola with the Democratic Republic of Congo and Zambia.\u00a0<\/p>\n The Corridor is considered<\/a> vital for accessing the region\u2019s critical minerals, including cobalt and copper, and has attracted over $2 billion<\/a> in investments from the European Union (EU). It is also key for Angola\u2019s diversification from predominantly oil exports.<\/p>\n