Browsing: Société Générale

Extractives Photo: US Exim Bank Facebook page
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The Anadarko-led Area 1 consortium has assembled a large group of state-owned export credit agencies (ECAs) to support the financing of the $20 billion Mozambique LNG project which reached its final investment decision (FID) on 18 June, sources have told [...]

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Finance Bank of Mozambique governor Rogério Zandamela addressing journalists on 21 October 2016. Photo © Tom Bowker / Zitamar News
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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 A branch of Moza Banco in the town of Chicualacuala, opened in May 2017. Photo: Moza Banco
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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 The new headquarters of Société Générale in Maputo.
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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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