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ANGOLA

Banco Sol struggles to shake reputation as MPLA's bank

Coutinho Nobre Miguel, dubbed the MPLA's banker. He was the boss of Banco Sol until last year and remains a major shareholder.
Coutinho Nobre Miguel, dubbed the MPLA's banker. He was the boss of Banco Sol until last year and remains a major shareholder. © Coutinho Nobre Miguel/Facebook
Thrown back into the limelight by a recent report, Banco Sol's deep and long-standing ties with President João Lourenço's party are weighing heavily on the financial institution's attempts to brand itself as just an ordinary bank. [...] (802 words)
Issue dated 11/03/2021 Reading time 4 minutes

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