News

Moza supports victims of Cyclone ANA in Tete
28/03/2022

Moza Banco has joined the efforts of the district government of Angónia, Tete province, in order to minimize the suffering of more than 300 families that are victims of Cyclone ANA, through the donation of non-perishable food products.

The donation delivery, mainly made up of tons of locally produced maize flour, took place recently in Angónia district, Tete province. The local administration is responsible for delivering and distributing all the products to the beneficiary communities, affected by ANA cyclone in that part of the country.

The district administrator, Raimundo Brumo, started by thanking Moza Banco for the gesture, going on to assure that the flour will be channelled to the legitimate beneficiaries.

“The District Government requested support from our partner Moza Banco, and this was promptly answered, and the result is this. We now have food for our brothers and children who are in need at the moment. The food will reach everyone”.

For Moza, this support is the way the Bank has found to join the government's efforts to find solutions in order to minimise part of the suffering experienced by these communities.

This action comes as part of the Bank's Corporate Social Responsibility Policy, which focuses on improving the living conditions of the communities where the Bank operates, fostering fruitful and lasting relationships with its stakeholders.

During the passage of the tropical depression ANA in the north and centre of the country, the district of Angónia was particularly affected, with total or partial destruction of social and housing infrastructure, namely: 27 classrooms, 286 houses, 1 water supply system, 166.6 hectares of cultivated area and around 300 families, corresponding to about 1,500 people.

Filipe Nyusi inaugurates Moza Banco branch in Sofala's Maringué district
10/03/2022

The President of the Republic, Filipe Nyusi, on Wednesday 9th March inaugurated the first bank branch in Maringué district, Sofala province - a branch of Moza Banco. The presence of Moza Banco in this district comes under the National Strategy of financial inclusion, through which the Mozambican government hopes to ensure that by the end of this year over 30% of the population has access to a bank account in a formal financial institution, in order to cover 75% of districts across the country.

Following the unveiling of the plaque and cutting the ribbon, the President of the Republic, Filipe Nyusi, addressed the population stating that his government is committed to solving the problems of the population, giving as an example, the set of benefits that the Moza Banco branch just inaugurated brings for civil servants, traders and for the general public.

The opening of the Moza Banco branch in Maringué is another proof of the peace and tranquillity that is being experienced in this region.

This branch is equipped to serve about 50 thousand people offering various products and services and concludes the goal of having every district in the province of Sofala within the national banking network.  In Sofala, we have already achieved what we set out to do. From this branch you can make demand deposits and savings products, such as term deposits, and apply for credit for investments or consumption. The bank is not just for depositing and withdrawing money, you can do even more.

One District, One Bank" is a project being implemented by the Ministry of Agriculture and Rural Development, led by Celso Correia, through the National Fund for Sustainable Development, "this project is an asset for national banking and for our economy. I am sure that with the inauguration of this bank branch, the first in this district, the residents of Maringué will breathe a sigh of relief, because from today they will spare effort and reduce distances in seeking banking services.

The Chairman of the Board of Directors at Moza Banco, João Figueiredo, said that with the start of operations of this Moza Banco business unit, residents of Maringué and its surroundings now have a place close by where they can conveniently and securely carry out banking operations and find financial solutions that meet their specific needs.

This branch is at the service of everyone: the general public, civil servants and State agents, micro, small and medium-sized local companies, producers and breeders, offering innovative financial solutions to help them make the savings resulting from their personal or collective effort profitable and to carry out their personal, professional, business or institutional projects. Here you will have access to loan products for a wide variety of purposes, including the purchase of inputs, equipment and other instruments to improve agricultural production and productivity. You will also be able to access savings solutions that will make your money earn money, so that you can later invest in other projects and businesses.

With the opening of the branch in Maringué, Moza now has a total of 64 Business Units, reinforcing its status as the Bank with the 3rd largest branch network in the country. Under the partnership with the FNDS, there are now 17 Moza branches in the same number of districts. Moza is therefore seen as a Bank of and for Mozambique, bolstering its presence in every province.

Besides inaugurating the bank branch, Moza Banco has decided to associate with the District Government of Maringuè, contributing towards the cost of acquiring an electricity transformer station, to be installed in the buffer zone of the district capital, “it is our expectation that this support, which will soon be materialised, will allow the electricity grid to be expanded in Maringuè, supplying the local primary school, small economic enterprises and the green zone, fertile for producing vegetables and cattle breeding”, João Figueiredo, Moza’s Board Chairman concluded.

João Figueiredo distinguished by African Leadership Magazine
28/02/2022

The Chairman of the Board of Directors of Moza Banco, João Figueiredo, was this Saturday, 26th February, distinguished by African Leadership Magazine, with the "Distinguished African Business Leadership Excellence Award", during the International Forum on African Leadership, an event that took place in a hybrid format (in person + virtually), from London, under the theme: Expansion of Development Efforts and Global Partnerships for Africa. The distinction comes following a careful selection and verification process directed by the editorial board of African Leadership Magazine, one of the main pan-African publications today.

This honourable distinction comes in recognition of his contribution to the growth and development of Moza Banco, in particular his leading role in the Bank's recovery from a loss of 776 million meticais in 2019 to a profit of 146 million meticais in 2020.

Speaking moments after receiving the award, João Figueiredo began by thanking African Leadership Magazine, before stating that, “being awarded this prize for excellence in business management in Africa by a panel of distinguished experts in Banking and Finance is undoubtedly a reason for great satisfaction and pride, while similarly carrying a huge responsibility, given the strong competition in our sector”.

Moza Banco's Chairman dedicated the award to employees, customers and shareholders, “this honourable distinction has not been achieved alone. It has only been possible thanks to the invaluable contribution from employees and staff at Moza Banco, who, with their wisdom, energy, commitment and dedication, have worked to build, consolidate, grow and assert Moza, overcoming the most complex challenges and adversities. The achievement that we celebrate today is also thanks to the trust and loyalty of our customers and partners who have accompanied us along this journey, and we reaffirm our firm determination to continue strengthening our ties in a constructive partnership, as we have grown together. I also dedicate this award to the Shareholders who, recognising Moza Banco’s Value, have invested and invested and trusted in this project, ensuring the conditions required for the achievement of the strategic objectives of our institution”.

Besides João Figueiredo, the 10th ceremony to present the African Leadership Magazine's Personalities of the Year also served to honour figures such as the Kenyan President, Uhuru Kenyatta; the Malawian President, Lazarus Chakwera; the President of Botswana, Mogkweetsi Masisi; among other business, political and diplomatic leaders.

Moza Banco and Fundação Fernando Leite Couto promote literary lectures
17/02/2022

Moza Banco recognises in the Fernando Leite Couto Foundation (FFLC) an important partner for artistic and cultural development in the country. It is within this vision that the bank has collaborated with the Foundation since 2019, supporting the implementation of some initiatives that this entity has developed in the field of art and literature, with particular emphasis on the publication of works by Mozambican writers and promotion of lectures and conversations on various topics.

It was in this sense that the two institutions decided this year to promote literary talks aimed at the exchange of knowledge and innovative ideas in the field of Mozambican arts, specifically in literature, with young people as the preferred public.

The first session took place this February and was entitled Interview with Eduardo Mondlane, Noémia de Sousa, José Craveirinha and Severino Ngoenha and had as a guest speaker Dionísio Bahule, professor of Philosophy and Communication, who interviewed icons of political and cultural thought in Mozambique.

"This was an occasion to address utopias of our Mozambicanity. Otherwise, nothing better to start a new year, and Mozambique cannot forget times passed," said Bahule

The next lectures linked to literature with Moza’s support, will focus on: Stories behind stories with Virgilia Ferrão and How to read "Nós matamos o cão tinhoso [We Killed Mangy Dog]"today? A lecture to be led by Léo Cote.

Moza and UPG come together to provide schooling support to underprivileged children and young people in Gaza
17/02/2022

Moza has just joined up with the Association "Um Pequeno Gesto, Uma Grande Ajuda" (One Small Gesture, A Big Help), to jointly develop a study support project at the Sta. Luísa de Marillac School, in Majangue, Chókwè district, Gaza province. This is an initiative aimed at ensuring that children and young people have habits and interests for their studies and, in this way, avoid leaving school prematurely, mainly at times when they witness improvements in their academic performance.

Called Apoio ao Estudo Pós-Escolar UPG (“After-School Study Support”), this is an after-school education support programme, which funds a space where disadvantaged children and young people can develop and strengthen their learning, but which will also help to alleviate child hunger on a daily basis.

Made aware of the objectives of the initiative, the bank, within the scope of our Corporate Social Responsibility, decided to join the "Um Pequeno Gesto, Uma Grande Ajuda" Association, providing financial support for its materialisation.

“We decided to respond to this request to support underprivileged children and young people in their academic development because we believe that education is the basis for building a society and children are the future of this country.”, Dr. Manuel Soares, theCEO of Moza Banco explained.

The Association "Um Pequeno Gesto, Uma Grande Ajuda", is a non-governmental humanitarian organisation and its interventions are centred on the implementation of projects to support poverty, infrastructures, sanitation and water holes, education, among other areas of social interest.