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 01/20/2007
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THE INDIAN OCEAN NEWSLETTER
N°1206
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AFRICA/PORTUGAL
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Handhold on African finance
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The subsidiaries of Portuguese banks cannot be avoided in the banking system in Portuguese-speaking African countries. Millenium/BCP (formerly Banco Comercial Portugues) hence controls Banco Internacional de Moçambique (BIM) of which it owns 67% of the equity, the remainder being held by the government of Maputo. (...)
[359 words]
[4€]
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