News

Moza Banco and the National Fund for Sustainable Development (FNDS), an institution under the Ministry of Agriculture and Rural Development (MADER), have recently signed a Protocol to establish a joint search of financing solutions that will benefit the primary sector of the economy in a consistent and truly viable way.

Under these terms, the two institutions have reached an agreement to make available, under the SUSTENTA Project, a fund of MZN 1,173,216,999.57 MT. This fund includes a Credit Line to support the Agri-Business sector and is also related to a non-refundable grant component, which means a contribution in funds to support the strengthening of the equity of these business units.

At the signing ceremony, João Figueiredo, Chairman of the Board of Directors of Moza Banco, referred to the importance of this initiative to the real economy, "as with the cooperation of MADER, through the FNDS, it will be possible to establish a healthy balance between the involvement of equity and bank financing to the beneficiaries of this financing".

On the other hand, "it is worth mentioning the effort of the State, both in raising funds from other partners such as the World Bank and through the State Budget, would ultimately make it possible for these funds to be granted at a subsidised rate well below market rates, in line with the expectations of the Sector".

Claudio Borges, Chairman of the Board of Directors of the FNDS, reacted by saying that "data in the possession of MADER has shown that less than 1% of farmers in Mozambique have access to bank credit. In order to overcome this reality, we believe it is necessary to create financial products adapted to the various players in an agricultural value chain. One of these products is available to the market through this partnership with MOZA, and there is room in the near future for other commercial banks to participate. Through this partnership, which will ensure transparency and compliance, it has been possible to create a credit line with conditions that we consider appropriate for the agribusiness segment and will allow greater integration and development of agricultural value chains’’.

The terms and conditions of access to this Credit Line will be made available to the market in the next few days through Moza Banco and FNDS distribution channels.

It was with the well-being of Mozambicans and the improvement of their living conditions in mind that Moza Banco decided once again to join the MUVA platform to campaign against gender-based violence in times of confinement and as a consequence of the new Coronavirus.

The campaign, Gender in Times of Covid-19, aims to raise the families’ awareness that staying at home aims to make the family aware that staying at home should translate into togetherness in the place of domestic violence, be it verbal or physical.

Besides Moza Banco, the project is also supported by MEPT, ALIADAS and MISAU partners, and aims to raise awareness on the importance of togetherness, prevention and dialogue, as a way to prevent the increasing of domestic violence in times of crisis, such as the one we are experiencing at the moment. In these cases, women and children are generally the main victims, hence the need to protect these social groups.

The campaign will last two months, and over this period Moza Banco will disseminate awareness messages in its communication channels, as well as develop other initiatives devoted to gender issues.

This campaign is one of several initiatives that Moza Banco is carrying out within the theme and fighting against Covid-19.

In addition to communication campaigns, Moza Banco has implemented a number of measures to prevent its employees from being contaminated, or its facilities from becoming outbreaks of the virus. 

Among the various measures, the dissemination of information and preventive measures on Covid-19 to employees, customers and the general public, through our respective information channels, as well as the strengthening of cleaning and disinfection procedures at our premises, branches, ATMs and kiosks, are noteworthy. The Bank has determined the mandatory temperature measurement of its employees and customers, as well as the use of protective masks by all employees in customer service.

The President of the Republic, Filipe Nyusi, opened this Thursday, August 27, the new branch of Moza Banco in the district of Derre, Zambezia province. On the same occasion, the President opened a secondary school, where Moza Banco donated prevention material against Covid-19.

Moza Banco's new branch comes under the presidential inniciative "One District, One Bank", of which the bank is a part and has been extending its distribution network. of which this bank is part and which has been expanding its distribution network. The Bank has now the third largest branch network in the country consisting of 68 business units spread in all provincial capitals and some districts and village.

The district of Derre is more than 150 kilometres away from the city of Quelimane and it has about 100,000 inhabitants. This community will benefit from a range of banking services and produts provided by this newly opened branch. The opening of this branch is part of the country's banking strategy and promotion of the financial inclusion of the population, that for many years has been one of the main challenges for the government and for Moza in particular.

"This infrastructure comes at a very good time and will contribute to the growth of this district. Moza Banco must continue with this kind of projects, not only here in Zambezia but throughout the country", said the President of the Republic to all participants in the opening ceremony of the branch.

Also regarding the event, the director of Moza Banco, Manuel Vasconcelos Guimarães, stressed that with this Branch Moza intends to serve everyone: the general population, producers, traders, public officials and state agents, local entrepreneurs, public and private institutions with emphasis on micro, small and medium sized companies, offering financial solutions adjusted to their specific needs.

Still in Derre, the President of the Republic, Filipe Nyusi opened the local Secondary School, where Moza Banco donated protective materialial against Covid-19.

The material is intended to help the newly opened school to protect against Covid-19, at a time classes are expected to resume in secondary school and without a prediction of when the pandemic will come to an end.

Moza Banco's director said in the occasion that the donation falls within the scope of the company's social responsibility and is part of the efforts the bank has been placing to minimise the effects of this disease.

"Moza Banco is a bank of Mozambicans and the greatest commitment it has is even to Mozambicans, so it is concerned to support, in what it can, particularly at times of crisis like this, highlighted Manuel Guimarães".

The President of the Republic, Filipe Nyusi, opened this Thursday, August 27, the new branch of Moza Banco in the district of Derre, Zambezia province. On the same occasion, the President opened a secondary school, where Moza Banco donated prevention material against Covid-19.

Moza Banco's new branch comes under the presidential initiative "One District, One Bank", of which the bank is a part and has been extending its distribution network. The Bank has now the third largest branch network in the country consisting of 68 business units spread in all provincial capitals and some districts and village.

The district of Derre is located more than 150 kilometres away from the city of Quelimane and it has about 100,000 inhabitants. This community will benefit from a range of banking services and products provided by this newly opened branch. The opening of this branch is part of the country's banking strategy and promotion of the financial inclusion to the population. This financial inclusion  has for many years been one of the main challenges for the government and for Moza in particular.

"This infrastructure comes at a very good time and will contribute to the growth of this district. Moza Banco must continue with this kind of projects, not only here in Zambezia but throughout the country", said the President of the Republic to all participants in the opening ceremony of the branch.

On the event, one of the Director of Moza Banco, Manuel Vasconcelos Guimarães, said that with this branch Moza intends to serve everyone: the general population, producers, traders, public officials and the State Agents, local entrepreneurs, public and private institutions with emphasis on micro, small and medium sized companies, by offering financial solutions adjusted to the locals’ specific needs.

Still in Derre, the President of the Republic, Filipe Nyusi opened the local Secondary School, where Moza Banco donated protective material against Covid-19.

The material is intended to help the newly opened school in the protection against Covid-19, at a time secondary school classes are expected to resume and without expectation of the end of the pandemic.

Moza Banco's Director also said that the donation falls within the scope of the company's social responsibility and is part of the efforts the bank has been placing to minimise the effects of this disease.

"Moza Banco is a bank of Mozambicans and the biggest commitment it has is even with the Mozambicans, so it is concerned to support, in what is within its reach, particularly in times of crisis like this, highlighted Manuel Guimarães".

Moza Banco has just been elected the best regional bank in Southern Africa in an event that rewards the best participants in the sector in the continent each year. This year the ceremony took place virtually due to the limitations caused by Covid-19.

The awards are promoted by African Banker Magazine with the support of the African Development Bank (AfDB) and aim to highlight the achievements of companies and individuals who contribute to the transformation and development of the financial sector in Africa.

Besides, it also aims to acknowledge the efforts made by those who have driven growth and development, thus creating new economic opportunities for citizens and communities across the continent.

It is in this context that Moza Banco was distinguished as the best bank in the southern African. This distinction was based on the extraordinary evolution of the bank's commercial activity indicators, the expansion of the branch network, the quality of the service provided, embodied in the provision of value-added products and services for customers and the wider market.

The Chairman of the Board of Directors of Moza Banco, João Figueiredo, manifested satisfaction for this Moza Banco distinction and highlighted the fact that this is an award to the whole Moza's family and the country. "This is for all of us, as Mozambicans and as part of Moza Banco, a matter of great pride".

"I would like to express our special appreciation and gratitude to all those who have contributed to the consolidation and growth of Moza Banco, and who are the true "workers" of this award, particularly the Employees, for the committed and professional way they have conducted their mission, our Customers for maintaining their trust in this Institution, our Shareholders for all the support they have given us and also the Supervisory and Governmental Authorities for their availability and support to the processes the Bank has been developing".

João Figueiredo also highlighted the moment this award arrives to Moza Bank, which is "such a difficult moment for humanity, due to the Covid-19 pandemic", and therefore took the moment to say that "we will all be and continue to be together with our authorities and our governors in order to defeat this strong pandemic that is afflicting humanity".

In addition to the "Best Regional Bank" category, in which Moza Banco competed and won, it worth mentioning that the respective CEO was among the 5 finalists to the " banker of the year " award, which he already won in 2013.