Browsing: Moza Banco

Business Mocambique Capitais HQ in Maputo
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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
Electricity View of the River Púngoé at Pavua. Photo: EleQtra
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A UK-based development fund, in partnership with the son of the founder of troubled Moza Banco, will hold two public consultations in February on a planned 120 MW hydropower plant on the Púngoé River, which runs between the provinces of Sofala and Manica in central Mozambique. The Pavua [...]

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Business Photo: Ficope Moçambique
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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.

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Business Nosso Banco was placed into liquidation in November 2016.
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Failed Mozambican bank Nosso Banco never paid a single dividend to its majority shareholder, the public social security fund INSS, which invested half a billion meticais in the bank and deposited almost 3 billion meticais.

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Business Bank of Mozambique director Joana Matsombe addresses journalists on 18 November 2016. Photo: Bank of Mozambique
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The Bank of Mozambique said on Friday, 18 November, that all remaining banks in the country are healthy, in a press conference aimed at dampening speculation that more banks will fail. Such speculation, the Bank said, has led to widespread withdrawals of [...]

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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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