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
Angola–Namibia relations the fighting in Namibia would eventually drive at least 43,000 Namibian refugees into exile in Angola, many of whom joined PLAN. Following Angolan independence in 1975, SWAPO established a formal alliance with Angola's new ruling party, the People's Movement for the Liberation of Angola (MPLA). After being expelled from Zambia between 1976 and 1979, PLAN was permitted by the MPLA to establish its regional headquarters inside Angola. Access to bases inside Angola provided PLAN with opportunities to train its forces in secure sanctuaries and infiltrate insurgents and supplies across Namibia's northern border. The MPLA government also permitted shipments of arms