Angola’s largest telco Unitel has become Banco de Fomento Angola’s majority shareholder by buying a further 2% in the institution from Portugal’s Banco Português de Investimento (BPI) for €28m (US$29.6m). BPI planned to spin off the Angolan bank last year but Unitel rejected that option and the Portuguese lender was then obliged to cut its stake as the European Central Bank requested […]
