News

The initiative is part of the Government project "One District, One Bank", which aims to allow more Mozambicans to have access to banking services.

As part of the process of promoting banking services in Mozambique, the Ministry of Land and Rural Development, through the National Sustainable Development Fund, and Moza Banco signed an agreement on Monday afternoon, that envisions that Moza Bank can expand its services to 20 more districts of the country by the year 2019, in order to allow more Mozambicans to have access to the financial system.

The districts are Meluco and Quissanga (in Cabo delgado); Majune, Chimbonila, Ngauma and Sanga (in Niassa); Liúpo, Memba and Nacarôa (in Nampula); Marínguè (in Sofala); Machaze (in Manica); Chinde, Derre, Il and, Lugela and Mocubela (in Zambézia); Tsangano (in Tete); Chigubo, Guijá and Mapai (in Gaza).

The act is part of the project "One District, One Bank" launched by the Government in 2016, which aims to accelerate the process of promoting banking services in rural areas, in order to minimize the plight of the population that travel long distances in search of a bank branch.

In his speech, the Minister of Land and Rural Development, His Excellency, Celso Correia expressed the Government's concern to expand banking services to more parts of the country.

"We are aware as Government that expanding the banking system to the most remote places of the country is still a challenge. Moza Banco, from the outset adhered to the national banking policy and today we take another important step in the goal of allowing more Mozambicans to have access to financial services within a reasonable radius of 3 kilometres, maximum “said the Minister.

On the other hand, Celso Correia assured that his Government will do everything to materialize the agreement signed, aiming to benefit the population and the Mozambican economy.

"We will do everything to fulfil our goal of ensuring that all 153 districts nationwide can have at least one branch by 2019. In Mozambique, we still have thousands of Mozambicans who have to go hours, if not days, to have access to their wages and to a bank branch, "he added.

In turn, the Chairman of the Board of Directors (CEO) of Moza Banco, João Figueiredo, expressed interest in continuing to bring the banking system to more Mozambicans.

  "We are today an universal and retail Bank, with the third largest branch network in the country, consisting of about 55 branches. We intend to strengthen our position by expanding our presence to other locations and this partnership will certainly facilitate the achievement of this objective, "said Moza Banco PCA, João Figueiredo, moments after signing the agreement with MITADER

It should be noted that in the scope of the project "One District, One Bank", Moza is already present in Chicualacuala (Gaza) districts; Vanduzi and Gondola (in Manica); and Murrupula (in Nampula).

The Advisor to the Board of Directors of Moza Banco, Joana Matsombe, said that it is necessary to save in order to invest in the future.

Last week, Moza Banco sponsored a workshop on the importance of saving money, in a ceremony aimed at students of Universidade Pedagógica and others. The event was in commemoration of World Savings Week. 

The workshop had as a the guest speaker, the Advisor to the Board of Directors of Moza Banco, Joana Matsombe, who spoke of the value of money in people's lives and in the socio-economic development of the country.

At the time, the speaker said that saving enables the sustainable use of money, generating more capital for the medium and long term. As she noted, the number of people who save is still below the desirable, so it is necessary to reinforce financial literacy in the Mozambican society.

"If we do not save, we have no way to invest. That's why it's important to teach people how to save and make saving their daily activity. Savings are also important for entrepreneurship, that these areas have a strong connection, "said Joana Matsombe.

Still in her speech, Joana Matsombe pointed out that the national currency has evolved both in its monetary nomenclature and in the quality of production, so much that in recent years they have drastically reduced the attempts to falsify it.

The former Director of the Central Bank also radiographed the history of the metical, since its establishment as a national currency, after independence, as well as the processes of its alteration. Until now, the country has had three metical families, the third being the one currently in use.

Parallel to this workshop, Moza participated in the launch of the "road show” of the project "Poupe, Cada Metical Conta", during the Savings Fair, which took place at the Cultural Centre of the Bank of Mozambique, in Matola city.

At the event, the bank, which was represented by a team, offered some services to the visitors of its stand, such as opening accounts, advice on the advantages of savings and financing facilities

As part of the Presidential initiative "Zero Malaria Begins with Me" launched in the light of the National Malaria Forum held last June, the Ministry of Health and Moza Banco signed a Memorandum of Understanding (MoU) aimed at reinforcing actions to combat malaria in the country.

The solemn ceremony took place at the Interprovincial Central Bus Station, commonly known as Junta, in Maputo and brought together various social participants including health professionals, artists, religious and the public that came to the ceremony.

Intervening moments after the signing of the Memorandum, the Minister of Health, Dr. Nazira Abdula, said that the document will contribute to the reduction of malaria morbidity and mortality in the communities as the message on good practices on malaria combat will now reach more people all over the country.

 "This event is a demonstration of the commitment of the private sector in its partnership with the Ministry of Health in the fight against malaria. In addition to giving greater visibility to the campaign ' ' Zero Malaria Begins with Me ', it will help spread the knowledge about the demand for malaria prevention measures, he said.

João Figueriedo, Chairman of the Board of Directors of Moza Banco, stated that the MoU represents an added value for families and communities, and that the actions of Moza Banco contribute to the improvement and quality of life of the Mozambican people.

We join efforts in the fight against malaria as part of our commitment and determination to support social movements that promote the well-being of communities, which is part of the DNA of our institution. We recognize that the challenges in the fight against malaria are enormous, and their success depends to a large extent on concerted and coordinated action among the various actors, as Moza Banco is already making its contribution, assuming that, indeed, ZERO MALARIA also BEGINS WITH US! "

Among the measures provided for under the Memorandum,there is an Awareness Campaign to be carried out by means of public transport buses (two of which were unveiled at the event), road shows, and media campaigns, among others

The Board of Directors of Moza Banco informs its Customers and the General Public that, in light of the negotiations that have been taking place, on August 24^th, 2018, an offer for the purchase of the entire equity of Banco Terra S.A. was made.

The aforementioned transaction is part of a structured operation that includes, in addition to the purchase of the entire equity capital of Banco Terra S.A, the subsequent merger between Moza Banco S.A and Banco Terra S.A.

With this operation, which will naturally safeguard the best interests of all stakeholders of both institutions,  it is intended to equip the institution resulting from the operation with strengthened capacity to serve the market in general, and customers in particular, with a high spirit of cooperation and relationship in the different sectors of economic and business life in the country.

Please note that the said offer will now be analysed by the competent bodies and shareholders of Banco Terra S.A, as well as by the Regulatory Authority, while the procedural, regulatory and legal procedures resulting from this operation will take place in the meantime.

Moza Banco SA, in the certainty that its success will benefit the economy and society in general, shows it’s greater commitment to the implementation of this transaction, which we believe will consolidate its position in the market as a reference bank in the national financial system.

 The Board of Directors

Moza Banco S.A.

As part of the social and environmental responsibility program, Moza Banco launched the "Art and Sustainability" project last Saturday, July 28, 2018, at Mateus Sansão Muthemba Secondary School in Maputo. The initiative aims to promote environmental civic education, with emphasis on the reuse and recycling of paper and other utensils.

At the launch of the project, which was partnered by Universidade Pedagógica, around 60 students from grades 8 and 9, the school's governing body, representatives from Moza, Universidade Pedagógica and former Mozambican footballers based in Portugal, Hilário da Conceição and Sheu Han, who are sponsors of the initiative, were present.

On that occasion, the Moza Banco representative, Mr Adam Yussof, Director of the Department of Communication and Social Responsibility expressed its satisfaction at being able to contribute to the preservation of the environment through this awareness campaign aimed at the youth and adolescents.

"We are pleased to be able to share the concept of environmental sustainability with this group of students. With this initiative, under the scope of Moza’s corporate citizenship, we showed that it is possible to reuse discarded materials for some important purposes, "he said.

The Moza representative added: "The challenge is to bring this awareness to more and more people, because we believe that if each of us produces less solid waste; reuse and recycle the existing waste, we will have a healthy environment and a world which we can be proud of ".

In turn, the Headmaster of Sansão Muthemba Secondary School, Ernesto Ngomane, welcomed the Moza’s initiative. “Our students are pleased and motivated to be a part of this initiative, I believe they have absorbed the knowledge shared about environmental sustainability and I hope they apply it in their daily lives. The material produced will be posted in different areas of the school, to serve as teaching material to current and future students of our school”.

The students, under the guidance of the visual artist, Titos Pelembe, member of the Art Nucleus in Maputo city, transformed pamphlets, posters and other materials donated by Moza into works of art. The students, in turn, promised to replicate in their communities what they learnt in the workshop.

"I knew that it was possible to turn garbage into a work of art, but it did not matter because I did not have much information, from now on I will change my behaviour, thanks to this workshop promoted by Moza," praised Inácia Cumbana, a Sansão Muthemba Secondary School student.

One of the sponsors of the initiative Sheu Han, a former player, coach, technical secretary and current member of the management of Sport Lisboa e Benfica, a Portuguese club, has no doubt that the action will contribute to the construction of a healthy environment.

"I'm thrilled that when they invited us to participate in the event, they told us to give a message to the students, but I just got the message, which is to convey to people the importance of preserving the environment because, change begins with us, in our house, in our neighbourhood. "

The former athletes, Hilário da Conceição and Sheu Han are in Maputo at the invitation of the Universidade Pedagógica, with the support of Moza, for a work visit that involves several activities, including lectures and visits to institutions and schools essentially aimed at sharing knowledge, other personal and professional experiences, not only on sport but also on the preservation of the environment.

It should be noted that, recently, Moza donated basic necessities to the Luis Cabral Community in Maputo.

For further information contact:

Department of Communication and Social Responsibility of Moza Banco