Browsing: Moza Banco

Business
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Bank of Mozambique governor broke probity law in Moza sale, watchdog says

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 [...]

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Finance
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Bank of Mozambique’s controversial ‘Moza’ deal faces ethics scrutiny

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
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Moza Banco bidders wait for decision on 9 June

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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Finance
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Société Générale won’t rule out M&A to hit 10% market share in Mozambique

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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