National Bank of Angola which at the time was an overseas province of Portugal. In 1926, the Portuguese established a separate issue bank for Angola, creating the Bank of Angola (). BNU transferred its branch in Stanleyville to this bank, which in 1934, transferred the branch to Boma, before closing it in 1947. When Angola gained its independence in 1975, the government nationalized the banking sector. "Banco de Angola" became "Banco Nacional de Angola" (BNA); "Banco Comercial de Angola" became "Banco Popular de Angola", and is now "Banco de Poupança e Crédito". The BNA continued to function as a central bank, bank of issue
Trade unions in Angola Angola. Trade union membership in Angola is limited both by the small formal economy, and the high unemployment rate within the sector. The Government of Angola is the largest employer within the country, and wages within the government are set yearly, with consultation from unions, but without direct negotiations. Trade unions in Angola Before 1975, while under Portuguese rule, Trade unions in Angola existed primarily as "occupational syndicates" - operating welfare services, but banned from collective bargaining and strike action. Independent African trade unions were illegal, however, some underground or exiled unions existed, and were involved in the struggle for