Browsing: banks
Little appetite for SME investment in Mozambique despite EIB funds
The economic downturn and climate of unpredictability caused by Mozambique’s economic policy is hindering micro, small and medium-sized businesses (SMEs) from investing and taking risks according to Carlos Henriques, president of Mozambique's Commerce and Industrial Association (ACIS). [...]
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Atlas Mara appoints Mondlane Jr. head of Mozambique bank
Atlas Mara, the African banking group founded by former Barclays CEO Bob Diamond, has appointed Eduardo Mondlane Jr. to head up its Mozambique banking operation, 18 months after the son of Frelimo’s founding president was appointed to the Atlas Mara board.
Mondlane Jr. takes over from [...]
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Former energy minister to lead new Portuguese bank in Mozambique
Portuguese bank BIG is to launch its Mozambique operation to the public this month, under the leadership of former energy minister Salvador Namburete.
The news of the launch was
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Barclays confirms plan to quit Africa
British banking group Barclays today confirmed its intention to sell its majority stake in its African banking arm Barclays Africa Group Limited (BAGL), in order to reduce its exposure to new rules governing globally significant banks, and to focus on its [...]
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