Browsing: Finance

Finance
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French multinational banking group Société Générale today denied reports that it is in talks to buy Moza Banco - but said it could buy or merge with another Mozambican bank in future in order to reach its target of a 10% retail market share. [...]

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Economy
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Analysts agree that the Bank of Mozambique will probably hold interest rates steady at its monetary policy committee meeting on Monday, despite a fall in inflation over the last two months. However, there is no agreement on the prospects for the metical in [...]

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Business
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Moçambique Capitais, the majority shareholder of Moza Banco, is seeking a cash injection from shareholders so it can fund its share of the MZN 8 billion recapitalisation of Moza Banco and retain control of the bank, Zitamar News has learned. In
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