News

Moza Banco donated USD 50,000.00 equivalent to MZN 3,340,000 Meticais, to the Instituto do Coração (ICOR) to support the hospital to face the COVID-19 pandemic disease. Moza Banco's support will help (ICOR) to cope with unforeseen costs.

This amount is intended for the purchase of medicines and protective equipment for healthcare professionals, and should also be used in the rehabilitation of the hospital to accommodate isolated COVID-19 patients.

"This is why Moza Banco's support was fundamental, but above all, the time it was made, that we really need support to face this disease, said the Director General of ICOR showing satisfaction and "deep gratitude" for the fact that the Bank was a partner that came at a right time to add value to the ICOR and the whole country.

At the moment, in terms of action against COVID-19, ICOR has been carrying out consultations and analyses at domiciliary and hospital level. "We have created a special space in the enclosure for COVID-19 patients. These patients from the entrance gate to the premises do not mix with patients suffering from other disease. Medical analysis is collected in the enclosure and medicines are also delivered in this special space", guarantees Maria Beatriz Ferreira, adding that other regular patients don't need to be afraid to go to the ICOR because there is absolutely no risk of contamination.

ICOR is a non-profit institution, which has been operating in Mozambique since 2001, providing free care to disadvantaged children. Until then, ICOR has operated free of charge on over 2000 children, who would have lost their lives without the hospital assistance.

Due to ICOR's philanthropic nature, Moza Banco decided to provide support to this reference hospital in Mozambique, within the scope of the Bank's social responsibility. Moza Banco’s CEO, João Figueredo, recently urged everyone to do what they can do best to stop the spread of the new COVID-19 in Mozambique.

Moza Banco informs its Clients and the General Public that it has decided to maintain the Prime Rate at 18% to be applied to its loans indexed to the "prime rate interests".

This decision is part of a set of initiatives that Moza Banco has been taking to mitigate the negative impacts of COVID-19 pandemic on families, companies, employees and other relevant stakeholders.

It should be noted that in the light of the agreement of the Central Bank of Mozambique and the Mozambican Association of Banks the Prime Rate in April was set at 18.40%, representing an increase of 0.40% compared to the previous month.

As a result of this measure put forward by Moza Banco, Customers with credit facilities in place indexed to the prime rate will not be penalized by the increase.

Moza Banco hereby informs its Customers and the general public that due to the global growth of fraud using debit cards, particularly, with the outbreak of the COVID-19 pandemic, Moza Banco decided to suspend Internet transactions through Debit Cards.

Customers will however, be able to continue to make transactions over the Internet, with complete security, through Credit and Prepaid Cards.

For clarifications, please contact our Customer Service Department on 21312020 / 822020 / 842020.

This week, two more Moza Banco branches opened in Tete and Manica provinces, in the districts of Tsangano and Machaze, respectively, as part of the "One District One Bank" presidential initiative, which aims to improve the expansion of the banking network in the country by providing all districts with a financial institution where locals can find financial solutions that are appropriate to their specific needs of locals.

With these new branches, Moza is in line with local and sustainable development of communities, promoting financial inclusion and banking of the economy through the expansion of its activity to the Districts. Also within the scope of this initiative, Moza will soon open its branches in the districts of Derre and Ile in Zambézia.

Moza currently has the 3^rd largest network of branches in the country, comprising more than 68 Business Units spread throughout all provincial capitals and some Districts and Villages, thus reaffirming the condition of a truly universal bank in terms of coverage of the banking business spectrum and with strong national implementation.

Moza Banco recently joined its brand to honour the Mozambican musician Moisés Mandlate, who celebrated his hundredth birthday on February 4.  The tribute to the author of the popular song Elisa Uwé Gomara Saia was organized by Universidade Pedagógica de Maputo.

Several entities, in particular the former President of the Republic, Armando Guebuza, the Rector of Universidade Pedagógica de Maputo, Jorge Ferrão, the Chairman of the Board of Directors of Moza Banco, João Figueredo, and the Portuguese Ambassador in Mozambique, Maria Amélia Paiva, were present at the ceremony to honour the Mozambican musician. The event, which was also attended by several Mozambican musicians, served to recognize the achievements of Moisés Mandlate, considered one of the pioneers of the Marrabenta musical style.

João Figueiredo, Chairman of the Board of Directors of Moza Banco, said that Moisés Mandlate is an excellent musician, percussionist of a secular memory lined with the music and culture of the Mozambican people. ‘’This tribute makes perfect sense, not only because he is celebrating his hundredth birthday, but because he is one of the living legends whose contribution helped to promote marrabenta, our main musical rhythm in Mozambique and which represents our identity, not only in the country, but also in the world’’.

In turn, Armando Guebuza, the former President of the Republic, highlighted the best times he had with the musician Moises Mandlate.

"As we celebrate the life and work of our great friend Moises, the tendency is to think, to remember where he went through, where we all went through and how he managed to value the experience he had, in order to eternalize our history. History does not end, we have to do all that we can to preserve it and this is one way. So I would like to congratulate him, the Universidade Pedagógica de Maputo and Moza for this great initiative", said Armando Guebuza.

Moisés Mandlate did not hide his satisfaction for the tribute. In short, he expressed gratitude for this joint attitude of Universidade Pedagógica and Moza Banco.

It should be noted that Moza Banco also offered a check of MZN 100 Thousand Metical for his birthday celebration.