Of the banks that make up the banking sector in Angola, five concentrate most of the market. Two of them have capital of Portuguese origin: Banco de Fomento Angola (BFA), in which BPI is a shareholder, and Banco Económico, formerly Banco Espírito Santo Angola (BESA), of the Espírito Santo group, which was ultimately involved in the group’s downfall. Novo Banco maintains a position in this Angolan institution dominated by Sonangol.

Also in the country are BCPs through Banco Millennium Angola (BMA) and Caixa Geral de Depósitos in Banco Caixa Geral, where it had a partnership with Santander Totta, which sold its position in 2015. Montepio is also present in this Africa. nation, through 51% of Finibanco Angola.

Angola is a very recent emergence in the Portuguese banking sector and has undergone many changes in recent years after the information leaked from Luanda Leaks.

In 2008 Sonangol bought 9.99% of the capital of BCP, and in 2009 it was the turn of the holding company Santoro (Isabel dos Santos) to enter BPI, acquiring 9.67% of the bank’s capital from BCP.

Sonangol is currently BCP’s second major shareholder with 19.49%.

At BPI, Santoro sold its stake in a public offering to CaixaBank (OPA) in 2017.

In turn, BIC Portugal bought BPN from the Portuguese state for 40 million euros, but after the leak of Luanda Leaks, this institution (now EuroBic) announced that business lady Isabel dos Santos would abandon the shareholder structure of the Portuguese bank, taking a step towards “ protect the credibility of them. ” institution “, according to the financial institution.

However, this sale has not yet progressed and the businesswoman remains with the bank through Finisantoro (17.5%) and Santoro Financial Holding (25%), according to the latest information available on the bank’s website, and her involvement has been arrested.

ENERGY AND INDUSTRY
Esperaza Holding, a joint venture in which Sonangol owns 60% and Exem (Isabel dos Santos) owns the remaining 40%, controls 45% of Amorim Energia, which in turn owns Galp. However, in July this year, Angola’s state oil company announced that it had been declared the sole owner of the investment made in Galp, following a final decision by a Dutch court that was considering a lawsuit between the oil company and Exem, which in turn appealed the decision.

The Portuguese oil company’s relationship with Angola began in 1982, when it focused on oil production and exploration.

In the energy-related industrial field, Isabel dos Santos held the majority in Efacec until last year, but the government ultimately nationalized her after the businesswoman left because of Luanda Leaks. It is now in the process of re-privatization.
CONSTRUCTION
The most emblematic presence of Portuguese companies in Angola belongs to Mota-Engil. The company, headed by Antonio Mota and Gonçalo Moura Martins, has been present in the country since its founding in 1946, but in recent years has been strengthening and diversifying its presence, following the economic development of this market.

Mota-Engil Angola, a subsidiary created by the group in 2010 for this country, has shareholders such as Sonangol (20%), and the Angolan state plans to sell this position.

Teixeira Duarte is another Portuguese construction company with a presence on the Angola market. The difficulties of companies such as Soares da Costa, which have historically had a large presence in Angola, have dictated the decline of Portuguese interests in the Angolan market in this sector.

TELECOMMUNICATIONS AND MEDIA
On the telecoms side, Isabel dos Santos’ involvement in Zon through ZOPT has been arrested by the court, and in March Sonae executive president Claudia Azevedo said she “expects” the arrest “to be corrected” on ZOPT assets so that the partnership with the Angolan business woman would be terminated.

When asked about the process of dissolving ZOPT – 50% belongs to Sonaecom, and the remaining half – Isabel dos Santos – Claudia Azevedo replied that she expects the situation to be resolved.

In the media, Angolan Newshold still owns 2.4% of the group founded by Pinto Balsemão in Impresa, ditching other positions in the national media.