Browsing: Moza Banco

Business A Moza branch in Maputo. Photo © Tom Bowker / Zitamar News
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Moza Banco, Mozambique’s fourth largest bank, has became financially “unsustainable”, leading the Bank of Mozambique to appoint an interim board to take charge until the situation is resolved. The interim board will be chaired by João Filipe Figueiredo, a former CEO of the country’s biggest [...]

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Business A branch of BancABC in Maputo, Mozambique
Photo © Simon Kamm / Zitamar News
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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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Economy Maputo, capital of Mozambique. Photo: Zitamar News
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Mozambique has been talking for some time about a new, wide-ranging round of privatisations of its state-owned companies - but as the country faces an unprecedented  economic crisis, the need to press ahead is urgent. Some companies, such as Lisbon-based [...]

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