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
Angola women's national basketball team of the Congo once they had clinched advancement to the next round. In the round of single elimination, Angola beat Côte d'Ivoire 44–42, before losing to eventual champion Mali by 9. In the third place game, Angola beat Mozambique by 15 to clinch a spot in the qualifying tournament for the 2008 Summer Olympics. Angola won its first African title at the 2011 FIBA Africa Championship for Women in Bamako, Mali. It finished with a 7–1 record with Small forward Nacissela Maurício being named the tournament's MVP. Moreover, Power forward Sónia Guadalupe was named to the All-Tournament team. With this