Banco Angolano De Investimentos
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Banco Angolano De Investimentos
Banco Angolano de Investimentos (formerly ''Banco Africano de Investimentos''), short ''BAI'', was founded in 1996 as the first private bank in Angola. The BAI is a full-service bank operating in Angola with a nationwide network of (mid-2012) 89 branches in all 18 provinces, with 41 of those branches in Luanda Province. In 9 of the 18 provinces, BAI operates only one branch office. The largest shareholder is Sonangol, with 8.5% of the bank's capital. Arcinella Assets and Sforza Properties hold 7% respective 6.5% of the shares, six others hold 5% each; the remaining 48% are spread in smaller allotments. The BAI has one representation in Portugal, the Banco BAI Europa S.A. with two branches, Lisbon and Porto. In 2008 BAI opened the Banco BAI Cabo Verde in Cape Verde with several branches. During the last year, BAI bought the Banco BAI Microfinanças (BMF), a small bank in Angola that offers several services including Western Union payment transfers. BAI also is the shareholder ...
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Luanda
Luanda () is the capital and largest city in Angola. It is Angola's primary port, and its major industrial, cultural and urban centre. Located on Angola's northern Atlantic coast, Luanda is Angola's administrative centre, its chief seaport, and also the capital of the Luanda Province. Luanda and its metropolitan area is the most populous Portuguese-speaking capital city in the world and the most populous Lusophone city outside Brazil, with over 8.3 million inhabitants in 2020 (a third of Angola's population). Among the oldest colonial cities of Africa, it was founded in January 1576 as ''São Paulo da Assunção de Loanda'' by Portuguese explorer Paulo Dias de Novais. The city served as the centre of the slave trade to Brazil before its prohibition. At the start of the Angolan Civil War in 1975, most of the white Portuguese left as refugees, principally for Portugal. Luanda's population increased greatly from refugees fleeing the war, but its infrastructure was inadequate ...
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