Equity Group acquires Angolan bank as Ethiopia stalls

Equity Group acquires Angolan bank as Ethiopia stalls

James Mwangi has spent years positioning Equity Group for a breakout into new African markets, and Ethiopia has long been the prize he wanted most. That deal is not moving fast enough. So he is going to Luanda instead.Equity Group is moving to acquire a majority stake in an undisclosed Angolan bank in 2026, reshuffling its expansion priorities after prolonged regulatory friction in Ethiopia blocked the group's market entry. The pivot is a signal…