Standard Bank Angola (SBA) has provided financing for the acquisition and installation of 24 telecommunications towers in 13 Angolan provinces by ANTOSC, the country’s first Tower Co, part of the Anglobal Group, in a total value of 2.45 billion kwanzas.
This represents SBA’s first private sector financing with an environmental and economic sustainability component, following the bank’s support for two sustainable projects in public entities, totaling around 100 billion kwanzas.
Luis Teles, CEO of Standard Bank Angola, said during the event presenting this Sustainable Financing on September 2:
“It is a great pride, as CEO of Standard Bank Angola, to see that sustainability is not just a word or a KPI-measured goal. At SBA, sustainability is part of our culture and purpose. We measure our impact not by donations or number of initiatives, but by being a true lever for changing mindsets, perceptions, best practices, and solutions that last. I want to thank ANTOSC for their trust and partnership, which allowed us to complete this important transaction.”
ANTOSC currently operates 214 sites and aims to expand to over 400 sites by 2028, strengthening its commitment to developing telecommunications in Angola. The company’s growth strategy is closely linked to economic and environmental sustainability, featuring hybrid energy management systems that combine solar power and smart energy management, significantly reducing fossil fuel use and CO₂ emissions. This approach not only minimizes operational costs but also positions ANTOSC as a pioneer in energy efficiency within the sector.
Luis Teles added:
“This initiative has a tangible impact on communities. The collaboration between Standard Bank Angola and ANTOSC demonstrates the dignity and relevance of this project. Our role goes beyond providing financial products and services—we aim to positively impact the communities we serve. Through initiatives like this, sustainability becomes embedded in every strategic and operational decision of the Bank.”
António Nunes, Chairman of ANTOSC, emphasized the relevance of this sustainable financing:
“It is crucial not only for the company’s development but also demonstrates our commitment to government objectives and alignment with national policies on connectivity, sustainability, and digital inclusion. Our central positioning allows ANTOSC to expand mobile coverage efficiently and sustainably, promoting infrastructure sharing and future RAN Sharing, reducing costs for operators, minimizing environmental impact, and enhancing connectivity in underserved areas.”
Rosemarie Luís, SBA’s Sustainability Director, highlighted that this financing represents a key step in the Bank’s sustainability strategy, which channels 1% of profits to sustainable projects:
“There is no sustainability in banking without sustainable lending. This is the first private-sector project of its kind, and the first of many more to come.”
André Reigota, SBA’s Director of Corporate Banking, added:
“This initiative is an example of how financing can be a tool for inclusion and sustainable development. Thanks to its classification as a special loan, the client benefited from a discount on total credit costs, demonstrating SBA’s commitment to rewarding initiatives with positive social impact. This project also represents the first practical application of the special loan structuring procedure in our market, showcasing the Bank’s technical and institutional capacity to replicate this model in future high-impact projects.”
Source: Líder Magazine
