Namibia: Bank Bic Releases 2018 Financials

BANK BIC Namibia, which is majority-owned by Isabel dos Santos, has finally released its 2018 financial statements, posting notables of a N$26,9 million loss - and an N$82,4 million cash injection from a sister bank in the lax regulated island of Cape Verde.

The sister bank - Banco BIC Cabo Verde - incorporated 600 kilometres off the coast of West Africa is also reportedly majority owned by Dos Santos.

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