The Bank of Mozambique said on Friday, 18 November, that all remaining banks in the country are healthy, in a press conference aimed at dampening speculation that more banks will fail. Such speculation, the Bank said, has led to widespread withdrawals of money from Mozambique’s banking system, which is weakening the banks’ financial position. “We…...

Bank of Mozambique director Joana Matsombe addresses journalists on 18 November 2016. Photo: Bank of Mozambique