Bank of Mozambique created Government of Mozambique took over, without compensation, the Mozambican operations of Banco Nacional Ultramarino, a Portuguese colonial bank that had been acting as the bank of issue for the colony. This became the nucleus of Bank of Mozambique. In 1977 the government also nationalized almost all banks in the country, including the Casa Bancária de Moçambique, and the Mozambican operations of Banco de Crédito, Comercial e Industrial and Banco Comercial de Angola, and merged them into Bank of Mozambique. At the same time it closed the operations of Banco de Fomento Nacional and Banco Pinto e Sotto Mayor. (The
Reconquest of Angola defeat since the Dutch Brazil couldn't survive without the slaves from Angola. And the end of the Dutch presence in South America (with the exception of the Guiana) meant not only the bankruptcy of the WIC, but also the end of the West Dutch empire. Reconquest of Angola The Reconquest of Angola () (1641-1648) was Portugal's campaign to regain its colony in Angola from the Dutch. In 1641 Johan Maurits sent an expedition under Admiral Cornelis Jol from Recife in Dutch Brazil to seize the Angolan capital of Luanda. The Dutch were able to easily capture Luanda in August as