News

Moza supports rehabilitation of water supply boreholes and offers prevention material against Covid-19
13/10/2021

The Governor of Niassa province, Elina Judite da Rosa Victor Massengele, re-inaugurated 3 water supply boreholes in Majune district. The rehabilitation of the infrastructures came with financial support from Moza Banco. Likewise Moza donated Covid-19 prevention material to Majune and Chimbunila districts.

The District Government of Majune, in Niassa Province, informed Moza Banco that one of the challenges in the district was a limited capacity to supply water to the population, with the current coverage standing at around 56.2%. With a view to improving the supply capacity of this precious liquid, and as part of the good relations between the Government and the bank, Moza Banco was requested to support the Water and Sanitation sector, through the rehabilitation of 3 water supply boreholes, which had become inoperative.

The request was met with acceptance by the bank and last Saturday the Governor of Niassa led the reinauguration ceremony of the infrastructure which is set to benefit over 40 thousand local residents and others.

"These infrastructures carry a special symbolism for us and for the population of Majune, since the water sources inaugurated today will improve the lives of our population in terms of the quality of their health, water, safety and comfort. This community now avoids the risk of contagion from certain diseases and will see a shortening in distances travelled in search of water from rivers and wells", Elina Massengele said.

The Permanent Secretaries of Majune and Chimbunila, that benefited from Moza's support, welcomed the gesture and were unanimous in stating that "this assistance from Moza Banco will boost the actions that the districts have undertaken in order to prevent and combat Covid-19, as well as improve living conditions within the communities".

Sérgio Ribeiro, a member of Moza Banco’s Executive Committee, said that "the bank expects that, by granting this support, the capacity to provide water to the population will be improved. Likewise, we hope to contribute to strengthen the means of prevention and in the fight against Covid-19, which despite the disease’s stabilising trend, remains a current threat to the health and well-being of us all".

For Moza Banco, this donation lies within the scope of its corporate social responsibility and is part of the efforts that the bank has been undertaking to minimise the effects of this disease.

Moza Banco and e-Mola sign agreement for money transfers
01/09/2021

From this Wednesday, 1st September, Moza Banco customers will be able to make multiple money transfers in a single operation to Movitel’s electronic wallet, e-Mola. The information was made public moments after the signing of an interoperability protocol, through which customers from both entities will be able to move their money in a simple, fast and secure way, at any time and from anywhere in the country.

The service launched will allow transactions to be made between Moza and e-Mola users through the channels Moza Já (*247#), Moza Mobile, Moza NET and AZAPP (WhatsApp Banking), and e-Mola through USSD *898# or the e-Mola App.  This feature will allow customers to pay for utilities (Water, Internet, TV), buy mobile top-ups and Credelec electricity, and make payments to individuals.

For Moza Banco’s CEO, Manuel Soares, this is a partnership that meets the needs of the current situation, "We are a Mozambican bank, concerned with the welfare of Mozambicans. Today we are bringing another service that will give added value to our customers. With this agreement, our customers and those using e-Mola can carry out transactions in a simple, convenient and secure manner. This is another firm step we are taking towards a greater digitalisation of financial services, bringing them ever closer to citizens, making them more accessible and comprehensive, thereby contributing to greater financial inclusion."

Likewise, Movitel’s Board Chairman highlighted during his speech the fact that Movitel remains the only mobile operator available in a large part of the districts where Moza is also the only formal financial institution present, "therefore this agreement between e-Mola and Moza, is a clear sign of our commitment to financial inclusion in the country while also coming in response to demand from our customers. So we will continue to expand our services to all Mozambican citizens", Victor Luis Timoteo said.

It should be recalled that e-Mola is the second largest electronic wallet in the country, with over 1.6 million users and a notable growth in recent times. With this agreement, Moza becomes the first bank to implement the interoperability service with all the main electronic wallets in the country.

Covid-19 protection and agricultural production material donated in 3 districts of Tete
23/08/2021

Moza Banco recently donated hygiene kits to the districts of Zumbu, Magoé and Marávia in Tete province, as part of the fight against Covid-19, in addition to agricultural inputs and fishing equipment for local Associations.

With this initiative, the Bank intends to contribute to the balanced development of the three districts, as well as to improve living conditions in these communities.  Likewise, the donation will help to guarantee the increase of production, productivity and family income, ensuring sustainability for farmers and for their savings.

On the occasion, the CEO of Moza Banco, Manuel Soares, highlighted that the donation falls within the scope of its social responsibility policy that foresees the implementation of actions that promote the development and well-being of the communities where the Bank operates.

"We decided to join the efforts of the Secretary of State of the Province, supporting the districts of Zumbu, Magoé and Marávia in the prevention and protection against COVID-19. We have also delivered agricultural inputs and fishing equipment to local associations, promoting greater food security on the one hand, while also promoting fishing activity and income generation capacity in the region. We do so because we are sensitive to the real problems and limitations of our population and, above all, because we want to be part of their solution, actively contributing to the inclusive and sustained development of the country."

The Secretary of State in Tete Province, Elisa Zacarias, welcomed the initiative from Moza Banco, emphasising, “this action will help firstly with Covid-19 prevention, as was well alluded to, since the masks, buckets and soap given will contribute to the individual protection and hygiene of our population. Meanwhile, the seeds, motor pumps and fishing nets will contribute to an increase in agricultural and fishing production, thus improving food security and income for families”.

The social responsibility action follows the inauguration of the first bank branch in the district of Zumbu, Tete province. The event was led by the President Filipe Nyusi, and was attended by staff from the Presidency and from Moza Banco.

 

Moza recently donated hygiene kits to the districts of Zumbu, Magoé and Marávia, in Tete province, as part of the fight against Covid-19, in addition to agricultural inputs and fishing equipment for local Associations.

With this initiative, we intend to contribute to the balanced development of the three districts, as well as to improve living conditions in these communities.  Likewise, the donation will help to guarantee the increase of production, productivity and family income, ensuring sustainability for farmers and for their savings.

On the occasion, our CEO, Dr. Manuel Soares, highlighted that the donation falls within the scope of our social responsibility policy that foresees the implementation of actions that promote the development and well-being of the communities where the Bank operates.

"We do so because we are sensitive to the real problems and limitations of our population and, above all, because we want to be part of their solution, actively contributing to the inclusive and sustained development of the country."

Meanwhile, the Secretary of State in Tete Province, Elisa Zacarias, welcomed Moza's initiative, highlighting, "This action will help firstly with Covid-19 prevention, as was well alluded to, since the masks, buckets and soap given will contribute to the individual protection and hygiene of our population".

The social responsibility action comes in the wake of the inauguration of the first bank branch in the district of Zumbu, Tete province, in an event that was led by the President Filipe Nyusi, which was attended by staff from the Presidency and from Moza Banco.

Moza Banco donates IT equipment to the Ministry of Gender, Children and Social Action
20/08/2021

On Tuesday, 17th of August, Moza Banco, through the Ministry of Gender, Children and Social Action, delivered several items of IT equipment to 22 social units (state and private) that provide social assistance to children in need, elderly people, young people removed from the streets and to disadvantaged populations. The donated material will benefit around 800 users in all of the country's provinces.

The donation consists of 226 items of miscellaneous equipment comprising 76 desktop computers, monitors, servers, routers, 50 printers and 100 keyboards. Moza’s intervention falls within the scope of its social responsibility policy and is part of the efforts that the bank has been undertaking to minimize the suffering of the people that need it most.

Speaking moments after receiving the equipment, Chico Almajane, Director of Planning and Cooperation at the Ministry of Gender, Children and Social Action, said that “having this material will bring added value because it will contribute to the improvement of the services provided to vulnerable people”.

Meanwhile, the Director at Moza Banco, Manuel Guimarães, highlighted the following “With this action that we have just witnessed, we have been able to reach various entities and help them in their missions of supporting the communities, giving new life to materials that had remained unused at Moza Banco, but which can be of great use to others. This in fact is a way of combating waste and promoting reuse, fully in line with our sustainability policies as a Mozambican bank that is always ready to help other Mozambicans”.

“Moza Banco is a bank that shows its concern to support, whenever it can, particularly in times of crisis such as these", Manuel Guimarães said.

Filipe Nyusi inaugurates Moza Banco branch in Zumbu district in Tete
03/08/2021

The President of the Republic, Filipe Nyusi, inaugurated on Monday, August 2nd the first bank branch in Zumbu district, Tete province. The presence of Moza Banco in this district comes under the National Strategy of financial inclusion, through which the Mozambican government hopes to ensure that by 2022, over 30 percent of the population has access to a bank account in a formal financial institution, to cover 75 percent of districts across the country.

With the entry into operation of this new Business Unit, the population of Zumbu and its surrounding areas, as is the case of Mágoe and Marávia districts, now have a bank with financial solutions that meet their needs.

Following the unveiling of the plaque and having cut the ribbon, the Head of State addressed the population, stating that his government is committed to solving the population's problems, giving as an example, the set of amenities that the Moza Banco branch just inaugurated, holds for public servants, traders and for the population in general.

"We are convinced that at this branch of Moza Banco that we have just inaugurated, all residents of Zumbu and surrounding areas such as Maravia and Mágoe, will be able to carry out their financial transactions with greater security. Aside from ensuring the channelling of salaries to employees and workers, this Moza Banco branch, as in any other part of the country where it operates, will present diversified financial products and services to better serve Zumbu's market segments, namely, families, public servants, small, medium and large companies, as well as public and private institutions," the President, Filipe Nyusi, said.

During his speech, the CEO of Moza Banco, said that by embracing the "One District, One Bank" initiative, Moza is aligned to its commitment to promoting greater financial inclusion and banking within the Mozambican economy, given that, “Moza believes that the provision of financial services will boost the local development of communities in a sustainable way”, Manuel Soares, CEO of Moza said.

Following this opening, Moza will have a total of 71 Business Units, reinforcing its status as the bank with the 3rd largest branch network in the country.

In addition to inaugurating the bank branch, Filipe Nyusi also delivered several prevention materials against Covid-19, agricultural and fishing inputs to the three aforementioned districts, as part of the Social Responsibility policy in place at Moza Banco, which envisages the implementation of actions that promote development and well-being in the communities where the bank has a commercial presence.