News

As part of the celebration of Women's Month, Moza Banco joined the Freestyle Talkz project in a special programming dedicated to women.

This initiative is aimed at connecting people, sharing stories and experiences of Female Entrepreneurs through live broadcasts on social networks from 8^th March to 7^th April.

The topics were varied, always female and with guest speakers from the four corners of the world.  The lives included the participation of distinguished guests such as Mody Maleane, Nagáina Sara, Ancha Salvador, Karina Jamal, Nereyda Ah-Hoy, and Andra Massamba among others.

To attend and participate, simply access the social networks of Moza Banco and you will find all the necessary information.

This project is part of Moza's commitment in the promotion of gender equity and women empowerment. It is worth noting that the bank decided to join the MUVA platform in 2020 to run a campaign against gender-based violence in times of confinement, resulting from the new Coronavirus.

Called "Gender in times of Covid-19", the campaign aimed to appeal to families that staying at home should lead to greater unity and not to domestic violence, be it verbal or physical.

Moza, the bank that gives women their full value!

Moza Banco donates a CO2 machine to Maputo Central Hospital in an initiative aimed at alleviating the suffering of hundreds of children suffering from laryngeal papillomatosis disease across the country.

Laryngeal papillomatosis is an uncommon disease in Mozambique, despite the fact that it affects hundreds of children.  The cure for this disease depends on a process called tracheostomy. The main objective of this process is to serve as a safe alternative respiratory cycle through a mechanical means for those suffering from the disease. The only contraindication for the procedure is the homeostatic alteration.

Laryngeal papillomatosis affects the health of children in many ways, including loss of voice pitch, tracheal tube obstruction, coughing and secretions among others. All these symptoms limit these children from living their normal life and enjoying normal activities such as running, playing, bathing, going to school and other activities that are essential at this stage of growth.

Moza Banco, aware of this situation, as part of its Social Responsibility, decided to donate the CO2 machine to the ENT Department of Maputo Central Hospital to enable the treatment of this disease.

“We decided to respond to this request to support the fight against this terrible disease and save the lives of many children in our country", explained the Chairman of the Board of Directors of Moza Banco, Dr João Figueiredo.

It should be noted that recently Moza Banco has also supported the Mavalane General Hospital and the Heart Institute with the objective of supporting the care and treatment of patients with Covid-19.

MOZA BANCO, on 1 March last, issued a bond loan, by private subscription, in the amount of USD 7,500,000 (seven million, five hundred thousand US dollars), with a variable coupon indexed to the 6-month LIBOR USD plus a spread of 5.5%, maturing in 2025 and fully subscribed by ARISE BV.

MOZA BANCO's CEO, Dr. João Figueiredo stated that this operation represents an important milestone for the bank, "With this issue, Moza Banco becomes the first Bank in the domestic financial market to issue bonds in foreign currency, under the regulatory context that guides the issuance of securities in the country."

In turn, for ARISE, according to its CEO, Dr. Deepak Malik, this investment further solidifies its commitment and continued support to MOZA BANCO in its process of sustainable growth and profitability.  "The bonds issued by the bank will contribute to increased capacity in supporting the activities of Mozambican businesses, which is directly aligned with ARISE's objective of partnering with local financial service providers to promote financial inclusion in Africa."

 MOZA BANCO continues to drive its business based on the promotion and provision of an integrated and segmented value offer of financial products and services, with the main objective of promoting close relationships tailored to the needs of its customers.

This issue, organised and mounted by MOZA BANCO's Investment Banking Division, is based on the Bank's strategic plan, and on the restructuring and stabilisation of the balance sheet, providing it with robust medium and long-term liabilities.

Moza Banco has just provided support for the rehabilitation of the Mavalane General Hospital, in order to provide greater and better care capacity to OVID-19 patients.

Moza Banco's support will consist of sanitary, carpentry and electrical material requested by the Mavalane General Hospital in order to ensure better preparation and adequate care of covid-19 patients.

The HGM is one of the oldest in Maputo City, serving patients from Mavalane district and all surrounding areas including all health centres in the municipal districts of KaMavota, KaMpfumo, KaMaxaquene and KaNyaka.

The hospital's management stated that "all buildings, facilities require hydraulic renovation, carpentry and electricity repairs to re-establish the healthy and comfortable environment not only for health professionals, but also for the community at large".

This need arises at a time when "the budget made available by the State is scarce and it is almost impossible to carry out activities related to these areas", reiterates the hospital's management.

The Chairman of Moza Banco, João Figueiredo, said that the institution he Chairs is committed not only to providing better services to its customers, but also to "but also in contributing at the most decisive moments in history".

 “This is the moment that all Mozambicans would like to know how to contribute. So when this opportunity arose, we thought that we had to contribute to the fight against this disease that affects everyone", said João Figueiredo.

At this moment, Mavalane General Hospital has dozens of people hospitalized for various diseases and the numbers are increasing every day, which translates into a growing demand for limited conditions.

It is worth remembering that soon after covid-19's first cases in 2020, Moza Banco made a donation to the Instituto do Coração to support the care of covid-19 patients. Moza Banco's donation was used for unforeseen expenditure in the Institute's budget plan.

Specifically, this amount was intended for the purchase of medicines and protective equipment for health technicians, and also helped with the rehabilitation work on the physical structure to adapt to the strict isolation of these patients.

Moza Banco opened, last Thursday and Friday, two new bank branches in Chimbunila and Majune districts, in Niassa province. These branches were opened under the presidential initiative "One District, One Branch" and now are part of the bank’s network of branches totalling 70 throughout the country.    

These branches were built from scratch and provide customers services as well as all related banking services including Automatic Teller Machines (ATM) for varied electronic operations.

Although Moza Banco is already established in Niassa province, these two new bank branches are the first in their respective districts. These infrastructures will benefit about 100,000 inhabitants, 70,000 of them from Chimbunila and about 30,000 from the Majune district.

"We are a bank that aims to get closer and closer to Mozambicans and when we talk about Mozambicans we mean absolutely everyone. So the opening of these branches in these districts makes us believe that we are honouring what has been our aspiration and that is what the bank's customers can expect from us, a greater proximity", explained João Figueiredo, Chairman of the Bank's Board of Directors, moments after the opening of the second branch in Majune district.

The Governor of the Bank of Mozambique, Rogério Zandamela, speaking moments after the opening of one of the branches, expressed his satisfaction with the establishment of the two branches in Niassa, "We are sure that the entry into operation of these branches will bring greater opportunity and flexibility in the settlement of financial transactions in Majune, in particular, and in Niassa province, in general, thus contributing to the promotion of the economic activity and, above all, to the improvement of the financial inclusion indicators at provincial level".

The Central Government also attended the event through the Ministry of Agriculture and Rural Development, represented by the respective deputy minister, Olegário dos Anjos Banze, who noted that "with the opening of these two Moza Banco’s branches, Niassa province has a further 12 districts with at least one financial institution, benefiting nearly 918. 955 inhabitants that are economically active, making up 49.2 percent of the total population with access to banking services, out of more than one million eight hundred thousand inhabitants in the province, with only the districts of Metarica, Ngauma, Sanga and Muembe missing".

In turn, the Secretary of State in Niassa said during his speech that "The establishment of Moza Banco in the districts of Chimbunila and Majune, will minimize the suffering of the population that once had to travel long distances to the city of Lichinga in search of banking services, but today, local residents will be able to carry out transactions and have  access to funding for entrepreneurial activities, and therefore improve their lives," stressed the Secretary of State in the province of Niassa Dinis Vilanculo.

João Figueiredo said that under the Presidential initiative "One District, One Bank", Niassa will gain two more Moza Banco branches. "With these 2 branches, MOZA now has 15 branches opened under the aforesaid initiative and plans to open a further 10 branches, two of them in Niassa - Ngauma and Sanga”.

Given that the aim is to touch and improve the people's lives, taking into account the pandemic that the country and the world are going through, Moza Banco has offered hygiene kits as part of its Social Responsibility.

The kits comprise two water tanks of 5 thousand litres each, 500 fabric masks, soap boxes, buckets of 20 litres with taps, for the district of Chimbunila. For Majune, Moza Banco offered 300 kilos of maize seeds, 200 kilos of sesame seeds and 200 hoes with the aim of promoting agricultural production and marketing.