President of the Republic opens the new branch of Moza Banco in the province of Zambezia

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".


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