Browsing: Finance

Finance Bank of Mozambique governor Rogério Zandamela addressing journalists on 21 October 2016. Photo © Tom Bowker / Zitamar News
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The controversial award of Moza Banco to the Bank of Mozambique’s pension fund is being analysed by Mozambique’s Central Commission on Public Ethics after the central bank brushed off accusations of a conflict of interest, saying such concerns were [...]

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Finance A branch of Moza Banco in the town of Chicualacuala, opened in May 2017. Photo: Moza Banco
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The new owner of Moza Banco, one of Mozambique’s biggest commercial banks, will be decided by 9 June by an evaluation commission made up of representatives of the Bank of Mozambique and the World Bank Group’s IFC, and the interim CEO of the bank, after the [...]

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Economy The Port of Maputo
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Standard Bank expects the Mozambican metical to strengthen to roughly 50 to the US dollar by the end of this year, thanks to a reduced current account deficit, and expectations of a return of foreign aid and a resolution of the current impasse between the [...]

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