Browsing: Prakash Ratilal
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 [...]
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
The owners of Moza Banco have decided to recapitalise the bank to the tune of eight billion meticais - matching the figure that the central bank spent bailing it out - following an extraordinary general meeting of Moza’s shareholders.
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 [...]
A proposed merger of Atlas Mara’s BancABC with Mozambique’s fourth-largest bank, Moza, is awaiting final approval from the Bank of Mozambique, Zitamar News has learned. [...]