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 Avante the national anthem is used as a nickname for an inter-community association football competition held to boost sports activities both in Angola and among people from the Portuguese-speaking African countries (PALOP) living in Portugal. Hosted in Portugal in 2011 and 2013, the latter tournament featured teams from Brazil, Mozambique, Cape Verde, Guinea-Bissau, and São Tomé and Príncipe. The 2011 sporting event coincided with and honoured the 36th anniversary of the independence of Angola. Angola Avante "Angola Avante!" (English: "Onwards Angola") is the national anthem of the Republic of Angola. composed the music, while the lyrics were authored by Manuel Rui