News

Moza Banco and Tax Authority (TA) reinforce cooperation
16/03/2019

Moza Banco and the Tax Authority of Mozambique (TA), signed last Thursday, two Memorandums of Understanding (MoU) in light of which, on one hand, Moza Banco will start issuing Taxpayer Numbers in all its Branches and, on the other hand, undertakes to promote fiscal citizenship through fiscal literacy, customs and tax dissemination.

The signing of the agreements, which took place at the Headquarters of the TA, was made by the Chairman of the Board of Directors of Moza, João Figueiredo and the President of the TA of Mozambique, Amélia Nakhare. The ceremony was witnessed by employees of the two institutions.

At the occasion, the Moza Bank’s CEO highlighted the Bank's responsibility to support TA's efforts to broaden the tax base, with a particular focus on massing the Taxpayer Number registry given the importance of fiscal contributions to Mozambique's socio-economic development and socio-economic sustainability.

 “Moza Banco, while the only bank with the majority of domestic capital, acknowledges the importance of scrupulous compliance of fiscal and customs obligations for the development and socio-economic sustainability that the country seeks, and for this reason we commit ourselves to participate in TA's efforts aiming at widening the tax base’’

These two agreements will allow obtaining Taxpayer Number in the network of the 55 Moza branches across the country, as well as those to be incorporated shortly as a result of the merger process between Moza and Banco Terra and the 20 new branches planned within the bank's partnership with the Ministry of Land, Environment and Rural Development (MITADER) under the project "One District, One Bank", said João Figueiredo.

Amélia Nakhare, in turn, said that this act served to witness an example of effort of the two institutions aimed at improving the tax and financial systems in the country.

‘’The financial and tax systems are bonded in the revenue collection process in order to ensure the sustainability of our economy, ‘’ said.

It should be noted that the two MoU also aim to create facilitation mechanisms for the employees of the Tax Authority, once Moza Banco will become an active partner, not only in tax education campaigns, but also in the motivational aspects of the employees, offering a comfortable and personalized treatment through the promotion of a set of services such as family insurance and credit lines facilities.

IMPORTANT ANNOUNCEMENT
14/12/2018

Moza Banco and Banco Terra de Moçambique-BTM, hereby, announce to its customers, partners and stakeholders, in general, that the Central Bank of Mozambique has approved the operations of capital increase of Moza Banco and the purchase of Banco Terra, as previously announced to the market.

Through this transaction, where the total capital increase of Moza Banco was done by Arise, this new partner will hold 29.5% of interests in the shareholders’ structure.

Arise is a leading investment fund management company in Africa with sustainable partnerships with financial entities in sub-Saharan Africa. The company was founded by three key investors, namely Rabobank (Dutch Reference Bank), Norfund (one of the largest investment funds in the world and of Norwegian origin) and FMO (Dutch Investment Fund). It currently manages more than USD 660 million in assets and operates in more than 10 countries.

It is further informed that this transaction also includes the purchase by Moza Banco of 100% of BTM’s capital.

The Chairman of the Board of Directors of Moza Banco, João Figueiredo, on one hand, said that this transaction will not only consolidate the financial and equity structure of the institution, but will also endow it with a strong competitive capacity to better serve its customers and the market in general.

The Chairman of the Board of Directors of BTM, Manuel Aranda da Silva, on the other hand, said that this transaction represents an opportunity to better achieve the bank's objectives of contributing to the economic and social development of Mozambique. It provides the possibility of being closer to customers and offering a wider range of banking services.

Deepak Malik, CEO of Arise, in turn, said that this transaction will allow Arise to expand its investments in Mozambique and ensure the mission of Arise to promote financial inclusion and stimulate economic development.

Moza and ANAC together in the protection of the biodiversity
04/12/2018

Moza Banco and the National Administration of Conservation Areas (ANAC) signed, last Thursday, in Maputo, a Memorandum of Understanding (MoU) that involves the spread of messages that aim to combat poaching of animal species existing in Areas of Conservation, a phenomenon that has been taking place all over the Country.

In fact, the financial institution will, through its different communication’s platforms, spread information that calls for the protection and defence of biodiversity, showing its importance. There is also the possibility of using public transport buses to spread these messages.

At this occasion, the National Director of Conservation Areas, Mateus Muthemba, said that this partnership is the materialization of the assumption that the preservation of flora and fauna is a common cause.

"It is essential to count on this partnership, considering the relevance of the objectives that have already been laid out in the fight against poaching. Our desire is to see more initiatives of this nature, "said Mateus Muthemba.

For his part, the Executive Director of Moza Banco, Manuel Guimarães, expressed readiness to support all areas of ANAC's activities.

"We will seek to inform the communities, our customers and partners, of the results of the work of the reserves, with the aim of protecting the species, as this is part of our sustainability policy", he stressed.

According to Manuel Guimarães, the heritage of the animal world cannot be seen as only material, but rather as an emotional asset. "The heritage of the animal kingdom is an emotional heritage. It is from Mozambique and the whole world, and people need be aware about the protection of this wealth, which they risk losing," he said.

On the other hand, Moza signed the Protocol with the Administration of the Niassa National Reserve. This act ensures that the Niassa Reserve is the first to benefit from the Bank's actions, and the aim is to intervene gradually in other reserves of the country.

The MoU signing ceremony took place on the side-lines of the VII National Meeting of Conservation Areas, which was held under the slogan "The Future of Wildlife Depends on Me".