Browsing: João Figueiredo
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 [...]
The shareholders of Moza Banco, led by the pension fund of employees of Mozambique’s central bank, have completed a $59 million capital [...]
Mozambique’s Central Public Ethics Commission (Comissão Central de Ética Pública, CCEP) has concluded that the governor of the Bank of Mozambique and two others violated the country’s public probity law when it sold Moza Banco to the central bank’s pension [...]
The Bank of Mozambique today announced that the central bank’s pension fund has won the competition to buy of Moza Banco, a commercial bank
The World Bank Group is joining a commission to work on the rescue of Moza Banco, Mozambique’s fourth largest bank, which was taken under central bank [...]
Moza Banco, currently under emergency administration by the Bank of Mozambique because of “unsustainable” liquidity levels, intends to open four new branches next week in the capital, Maputo, and in the neighbouring city of Matola.
South Africa’s Nedbank has completed its acquisition of 50% plus one share of Mozambique’s Banco Único, at a knockdown price thanks to the fall in the value of the Mozambican metical since Nedbank announced its intention.
Mozambique’s central bank will aim to sell Moza Banco in the next six months, after taking it into administration on Friday, saying its financial and [...]