Angola plans to raise as much as 208.5 billion kwanzas ($228 million) from the sale of a 34% stake in Standard Bank de Angola SA. The stake was previously held by Carlos Sao Vicente, a jailed former insurance tycoon. In 2020, the Angolan government seized a 49% stake in Standard Bank Angola from Sao Vicente after his conviction on embezzlement and tax fraud charges.

He is currently serving a nine-year prison term.