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
Agriculture in Angola volume of coffee it had produced in the early 1970s, while production of cotton, tobacco and sugar cane had ceased almost entirely. Poor global market prices and lack of investment severely limited the sector after independence. The Angolan Civil War (1975-2002) and the consequent deterioration of the rural economy and neglect of the farming sector dealt the final blow to the country’s agricultural productivity. The departure of Portuguese farmers and traders from rural Angola after independence undermined agricultural productivity. In response the government set up state farms on land formerly owned by the Portuguese and established the National Company for