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Moza Banco, in partnership with Instituto Camões, is sponsoring three live shows of Stewart Sukuma, one of the most renown Mozambican musicians. They are part of Stewart's project called "We're Home Together", whose purpose is to encourage people to stay longer at home and provide good moments of entertainment.

With social distancing, several artists have turned to the internet to communicate with their fans and offer entertainment. In this context, major brands also reinvent themselves and seek out video platforms to disseminate their work, in the midst of the Covid-19 crisis, through online transmissions.

It is in this context that Moza Banco decided to associate its brand with this global movement to fight Covid-19, encouraging social distancing, seen as one of the ways to mitigate the risk of contagion by the new coronavirus.

To this end, in partnership with Instituto Camões, the Bank has embraced the campaign "We Are Home Together", through which fans in particular and the general public enjoy good entertainment without having to leave home.

These are unique concerts, from the point of view of conception and realization, where the musician Stewart Sukuma interprets the best of his musical repertoire, in the company of renowned Mozambican and foreign artists.

"The purpose of this project is to encourage people to stay longer at home. It has been proven that social distance is one ways to fight this pandemic and, being at home, the public will enjoy the best of music using digital platforms, without having to leave home," said Stewart Sukuma

Moza, as a truly Mozambican bank, is proud to be associated with this initiative, as a way of contributing to the fight against Covid-19, promoting and supporting preventive measures for the virus, thus valuing life on the one hand, and arts and culture on the other

After the concerts of the musicians, Assa Matusse, Rodhália and Deodato Siquir, Stewart Sukuma will also present his fans, with a concert on May 9th, this time in the company of the consecrated Portuguese Jazz singer, Maria João. The third concert of this series is scheduled for May 25^th, Africa´s Day and will have the special participation of the Senegalese musician Noumoucounda Cissoko.

You can follow these shows on the following online platform: www.facebook.com/Mozabanco

The Moza Banco branch in Ile District came into operation on 13 April 2020, by the way the first bank branch in that district in Zambezia Province. It is expected that the branch will serve the local inhabitants and surrounding areas, therefore, alleviating the suffering of the population, including small businessmen, civil servants and state agents, who had to travel long distances to find a bank branch facing risks.                                 

The opening of this branch is part of the presidential initiative "One District One Bank", which, in partnership with the commercial banks, aims to boost the expansion of the banking network in the country, providing all districts with at least one financial institution that allows individuals, companies and institutions to carry out various banking operations with total security and efficiency besides allowing locals to find financial solutions that are appropriate to their needs.

By joining this initiative, Moza Banco demonstrates its commitment to local and sustainable development of communities, promoting financial inclusion and banking of the economy through the expansion of its activity to the Districts.

With the entry into operation of Ile branch, the number of Moza Banco's Business Units throughout the country rises to 68, thus reinforcing the Bank's position as the 3^rd largest branch network.

It should be noted that in view of the current situation in the country, caused by the pandemic of the new Coronavirus (COVID-19), Moza Banco has been strengthening its appeal to Customers to favour the use of the Digital Channels, and has also recently announced the suspension of collection of commissions on transactions carried out through these channels, in amounts of up to MZN 5,000 (except for ATM withdrawals).

The Moza Banco Shareholders General Meeting held on March 30, appointed the Bank's Governing Bodies, namely the Board of Directors, chaired by João Figueiredo, the Supervisory Board chaired by Venâncio Chirrime and the Board of the General Meeting, chaired by Lourenço Joaquim da Costa do Rosário.

The Board of Directors also includes two non-executive Directors, Manuel Aranda da Silva and Wilfred Jeroen Scheelback.

The General Meeting besides the chairman, consists by a Vice-President and a Secretary, who are Maria Violante Manuel and Sara Mondego Marques, respectively.

The Supervisory Board, besides the Chairman, consists by a Vice-Chairman, a Voting Member and an Alternate, who are, respectively, Irene Maurício, Maria Jesus Matola Langa and Maria Lúcia Zacarias.

Also last Monday, the Board of Directors met to appoint the Executive Committee of the Bank which, once again, will be chaired by João Figueiredo. The other members of the Board are: Joana Matsombe, Manuel Duarte Emauz de Vasconcelos Guimarães, Sérgio Eduardo Ribeiro and Vítor Manuel Latas Brazão.

It should be noted that this is the third time that João Figueiredo has been appointed to head Moza Banco. For the first time he was appointed by Banco de Moçambique, when the institution was intervened, resulting with the entry of Kuhanha, the Pension Fund Management entity of Banco de Moçambique, which assumed the majority position in the shareholder structure in Moza. It was also decided that João Figueiredo should continue to head the institution, and has now been reappointed for a 4-year mandate (2020-2023).

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.