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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

The Bank of Mozambique. Photo © Timothy Haccius / Zitamar News

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

Nosso Banco was placed into liquidation in November 2016.

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

A Moza Banco branch in Maputo's Sommerschield neighbourhood. Photo © Tom Bowker / Zitamar News

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

Bank of Mozambique governor Rogerio Zandamela, 26 February 2018. Photo: Bank of Mozambique

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

A branch of Moza Banco in the town of Chicualacuala, opened in May 2017. Photo: Moza Banco

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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Finance

27. February, 2018 0

Bank of Mozambique sells stake in Moza Banco to Dutch-Norwegian fund

Frontier markets financial services investment fund Arise, owned by Dutch and Norwegian development finance institutions, has agreed to buy a stake in Moza Banco from the Bank of Mozambique’s pension fund, Kuhanha, which

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Economy

27. February, 2018 0

Bank of Mozambique keeps cutting rates amid increased FX volatility

Increased dollar reserve requirement aims to keep metical steady following liberalisation of FX rules Continued improvements in Mozambique’s inflation outlook led the central bank to cut its benchmark [...]

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Economy

Standard Bank's Maputo HQ. Photo: Key Projects

7. February, 2018 0

Economists see stable metical through 2018; Mozambique eurobond could rally

The Bank of Mozambique will likely try to keep the local currency steady throughout 2018 as the country heads into an election cycle, according to a recent forecast from Standard Bank. Despite forecasting cuts [...]

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Business

Bank of Mozambique staff assembled in Lichinga, January 2018

25. January, 2018 0

FX law change improves business environment, says Bank of Mozambique governor

Bank of Mozambique governor Rogerio Zandamela said yesterday that the country’s updated foreign exchange which, among other things, removes the requirement for companies in Mozambique to convert at least half of their export earnings into meticais, would [...]

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Intelligent news from Mozambique

Mozambique coal miner resettles families after seven-year community dispute

Floods leave thousands homeless, and halt Vale coal exports from Tete

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

Mozambique’s Mafambisse sugar mill on the brink of shutdown

Cyclone Idai exposed failings of Mozambique’s disaster alert system

Renamo in turmoil, with elections and peace on the horizon

Mozambique coal miner resettles families after seven-year community dispute

Floods leave thousands homeless, and halt Vale coal exports from Tete

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

Mozambique’s Mafambisse sugar mill on the brink of shutdown

Cyclone Idai exposed failings of Mozambique’s disaster alert system

Renamo in turmoil, with elections and peace on the horizon

Browsing: Finance

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

Bank of Mozambique sells stake in Moza Banco to Dutch-Norwegian fund

Bank of Mozambique keeps cutting rates amid increased FX volatility

Economists see stable metical through 2018; Mozambique eurobond could rally

FX law change improves business environment, says Bank of Mozambique governor

Zitamar Daily Briefing, 14 June 2019