Browsing: Focus 21

Business Nosso Banco was placed into liquidation in November 2016.
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A commercial bank majority-owned by Mozambique’s public social security fund is to be liquidated by the Bank of Mozambique, with individual depositors set to lose any deposits over 20,000 meticais and business accounts to be left with no apparent recourse. [...]

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Infrastructure Men watch television in the street in Maputo. Photo © Timothy Haccius / Zitamar News
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The Mozambique government is re-tendering the contract to manage the country’s transition to digital radio and television – apparently cancelling a deal awarded in 2014  to a company owned by the family of the then-President of Mozambique, Armando Guebuza. [...]

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