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Ecobank Transnational Incorporated has been given approval to operate a representative office in Luanda, Angola. In a statement on Friday, the Group Chief Executive Officer, Ecobank, Mr.Arnold Ekpe, said this was a landmark approval, which launches Ecobank‘s presence in one of the fastest growing markets in Africa. “We have been working on this for some time and are pleased that we can now establish a presence in Angola,” Ekpe said. He noted that Angola was an oil-rich nation with strong economic growth prospects. According to him, “The opening of the office in Luanda fits conveniently with Ecobank‘s strategic aspirations in the SADC region as well as within Lusophone Africa where it has operating affiliates in Sao Tome, Guinea Bissau and Cape Verde.” The statement said that the focus of the representative office would be to undertake promotional and liaison activities on behalf of the Ecobank group as well as explore business opportunities for its numerous clients. It added that key areas of interest would include correspondent banking, trade finance, payments and transfers, while the representative office would offer marketing services to Angolan and other Africans doing business in Angola.