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Luanda, Angola. A halving of oil prices last year has increased hardship in Angola, one of the world’s most unequal countries |
The sky outside the Banco Angolano de Investimentos (BAI) head office is ominously grey and has dulled the room in which João Fonseca, executive director, sits.
His mood reflects the room’s hue. Fonseca and his team have been working tirelessly to straighten out the bank’s balance sheet, which, he admits, was “heavily reliant on foreign exchange”.
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