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5. September, 2018 0

Moza Banco to buy Banco Terra as Arise consolidates its Mozambican banks

Moza Banco has made an offer to completely take over Banco Terra, a deal intended to consolidate two of development finance investor Arise’s investments in Mozambique. Arise this week agreed to buy a 45.78% stake [...]

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Business

Bank of Mozambique governor Rogerio Zandamela announcing the latest monetary policy decisions on 30 August 2018. Photo: Bank of Mozambique

31. August, 2018 0

Bank of Mozambique keeps cautious stance ahead of election season

The Bank of Mozambique’s monetary policy committee (CPMO) yesterday kept its central lending and deposit rates steady, in the face of uncertainty over what effect the coming electoral cycle will have on inflation.

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Economy

Maputo's downtown financial district. Photo © Tom Bowker / Zitamar News

8. August, 2018 0

Mozambique borrows $15.5m from domestic banks in T-bond auction

The Mozambique government raised more than MZN 900 million (roughly $15.5m) at a Treasury bond auction on Tuesday, exceeding its MZN 700m target after it cancelled the last auction in June due to a lack of demand. NOTE: The Mozambique stock exchange, the BVM, having initially said that [...]

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Economy
25. July, 2018 0

Mozambique government could face fiscal crisis after T-bond auction failure

Mozambican banks are increasingly unwilling to lend money to the state to help cover its budget deficit, which could lead to a renewed public spending crisis in the runup to elections and threatens the Bank of Mozambique’s efforts to combat inflation and [...]

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Business
18. July, 2018 0

Japanese insurer inks Mozambique partnership with ICE Seguros

The European arm of Japan’s Mitsui Sumitomo Insurance Company (MSI) has signed a partnership agreement with Mozambique-based ICE Seguros to target Japanese corporate customers in Mozambique. MSI said “sizeable [...]

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Business
18. June, 2018 0

Bank of Mozambique holds lending rate steady at June meeting

The Bank of Mozambique today kept its lending rate steady at 18%, despite inflation having fallen to 3.26% on an annualised basis, and the central bank’s own forecast for single-figure inflation over the short and medium term.
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Business
24. May, 2018 0

Bank of Mozambique dismisses liquidator of failed Nosso Banco

Bank of Mozambique dismisses liquidator of failed Nosso Banco The Bank of Mozambique has dismissed accounting and advisory firm Deloitte as the official liquidator of the failed bank Nosso Banco
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Business
14. May, 2018 0

Bank of Mozambique fines and suspends ex-Moza Banco board members

On Monday, the Bank of Mozambique announced sanctions against the former members of Moza Banco’s executive board for their role in forcing the
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Economy
12. April, 2018 0

Bank of Mozambique cuts rates, confident inflation is now under control

The Bank of Mozambique continued its rate-cutting cycle at its monetary policy meeting on Wednesday, reflecting confidence at the Bank and in the market that price inflation will stay in single figures in 2018.
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Business
13. March, 2018 0

Moza investor wants the bank to remain Mozambican-owned

Arise, the Dutch-Norwegian investment fund for financial services in Africa, says it wants Moza Banco to remain majority-owned by Mozambicans if and when it takes a “significant minority interest” in the bank, giving it at least one seat on the bank’s [...]

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Intelligent news from Mozambique

Vale mine shut-down continues following community ‘invasion’

Sasol donates $40m to Mozambique ahead of new contract signing

Frelimo holding company sells cement plant stake in $85m deal

New Fastjet funding crisis overshadows Mozambique expansion plans

Insurgents and poor rain threaten to escalate Mozambique’s food crisis

Journalist in hiding after revealing Frelimo fraud in Moatize election

Vale mine shut-down continues following community ‘invasion’

Sasol donates $40m to Mozambique ahead of new contract signing

Frelimo holding company sells cement plant stake in $85m deal

New Fastjet funding crisis overshadows Mozambique expansion plans

Insurgents and poor rain threaten to escalate Mozambique’s food crisis

Journalist in hiding after revealing Frelimo fraud in Moatize election

Browsing: Finance

Moza Banco to buy Banco Terra as Arise consolidates its Mozambican banks

Bank of Mozambique keeps cautious stance ahead of election season

Mozambique borrows $15.5m from domestic banks in T-bond auction

Mozambique government could face fiscal crisis after T-bond auction failure

Japanese insurer inks Mozambique partnership with ICE Seguros

Bank of Mozambique holds lending rate steady at June meeting

Bank of Mozambique dismisses liquidator of failed Nosso Banco

Bank of Mozambique fines and suspends ex-Moza Banco board members

Bank of Mozambique cuts rates, confident inflation is now under control

Moza investor wants the bank to remain Mozambican-owned

Zitamar Daily Briefing, 12 October 2018