News

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

Moza Banco's social arm, Clube Moza, recently launched a solidarity project aimed at supporting around 6,000 vulnerable girls who face difficulties in guaranteeing their full personal hygiene during menstruation.

The aim of this two-year project is to ensure that girls living in poverty do not feel obliged to leave school during their menstrual period, thereby maintaining their academic performance.

Being implemented in partnership with the Ministry of Education and Human Development, the Ciclo Solidário (Cycle of Solidarity) project will allow Clube Moza members, and other partners such as the vegetable oil and soap production factory, FASOREL, to donate sustainable and safe menstrual hygiene kits in various parts of the country, with the district of Guijá, in Gaza province, being the first region covered, as early as September.

As well as donating the hygiene kits, Moza employees who identified with the project have been invited to take on the role of "godmothers" and counsellors to some of the girls who will benefit from the initiative, getting involved in the day-to-day lives of these teenagers and providing material and moral support whenever possible.

For the Chairperson of Clube Moza's Volunteering Committee, Marta Manhique, the project helps to promote an increasingly inclusive school environment that promotes equal opportunities for men and women.

"Let me highlight the sustainability of this project, since the pads to be given to the girls are reusable, which makes them disposable, thus avoiding plastic waste that pollutes the environment with materials that take centuries to decompose," Manhique said.

The initiative's ambassador, Samira Franco, pointed to the issue of period poverty as an obstacle to girls’ dreams being achieved.

"We are in favour of an increasingly inclusive society and for the reduction of gender-based social inequalities. We embrace this cause in the hope of contributing to a reduction and perhaps eradication of girls dropping out of school, as, for us, period poverty is a suppressor of dreams. It's not someone else’s problem, but one for society as a whole to face, which is why we need to encourage awareness and participation from everyone," Samira Franco said.

In conclusion, the Chairperson of Moza Banco's Executive Committee, Manuel Soares, praised the initiative, saying that "the Solidarity Cycle Project is a shining example of how Clube Moza is committed to making a difference in the communities where Moza Banco operates. The initiative not only promotes the health and well-being of girls, but also strengthens education and, consequently, the future of the country."

The implementation of this project responds to the commitment established by Clube Moza as a member of the Partnership for Maternal, Newborn and Child Health (PMNCH) - an international organisation created to support women, children and adolescents worldwide.

The Board Chairman of Moza Banco, João Figueiredo, has just been distinguished once again by the “African Business Leadership Award”, this time with the award for "Inspirational Business Leadership in Africa" in recognition of his exceptional leadership capacity in a changing environment.

The award is given by African Leadership Magazine, a renowned pan-African publication based in London, which focuses on bringing the best of Africa to a global audience, seeking to develop solutions to the unique challenges facing the continent today.

According to the publication, the Board Chairman of Moza Banco earned the award for having "demonstrated a clear sense of purpose in his actions and for having propelled others to extraordinary performance".

The official award ceremony is scheduled for 4^th July in London and will be attended by Moza Banco.

In this category, there were other nominees such as Afua Asabea Asare, CEO, Ghana Export Promotion Authority; Nneka Onyeali-Ikpe, Managing Director, Fidelity Bank Nigeria; Abena Brigidi, CEO Nimed Capital Limited Ghana and Hussein Abaza, CEO, Commercial International Bank (CIB), Egypt.

It is worth remembering that in February this year, the Board Chairman of Moza Banco was awarded the "excellence in business management in Africa" prize by the same publication, in recognition of his contribution to the growth and development of Moza Banco, in particular his leading role in the Bank's recovery from a loss of 776 million meticais in 2019 to a profit of 146 million meticais in 2020.

The Governor of Sofala Province, Lourenço Bulha, inaugurated on Monday morning, a Power Transformer Substation (PT) in the District of Maringue, funded by Moza, as part of its social responsibility programme.

The inaugurated infrastructure is located specifically in Regulado de Samater in the Nhamithembe Village, in the region and will benefit over two hundred families and several local public infrastructures.

Moza’s support for this cause arises in response to a request from the District Government expressed at the time the Moza branch was inaugurated in that District, in March of this year, an event led by President Filipe Nyusi. Made aware of the issue, and recognising the importance of the provision of electricity for economic and social development, the Bank unreservedly attached itself to this initiative.

“We would like to thank Moza Banco for promptly responding to our request. The inauguration of this PT is proof of the Government's efforts for the expansion of socio-economic infrastructures with the objective of leveraging the productive capacity and bringing well-being to the people, with greater focus on rural areas. The arrival of energy to the population of Nhamithembe means the materialisation of one of our goals, namely the placement of infrastructures that boost productive activities, job generation and an improved quality of life for our population,” Lourenço Bulha said.

The inauguration ceremony was witnessed by the CEO of Moza Banco, Manuel Soares, who highlighted the importance of the infrastructure for the local population and reiterated the Bank's commitment to actively contribute to the social and economic progress of communities, particularly in the regions where the Bank has a commercial presence, such as the District of Maringué.

“As we identify with the issue, we have made efforts and mobilised the necessary resources to make this dream a reality. The Bank expects that the electricity system just inaugurated will help boost economic activity in this village and attract other essential services whose installation was dependent on the availability of quality electricity,” he indicated.

The Bank also took advantage of the event to proceed with the donation of agricultural seeds to local farmers, with a view to strengthening the productive capacity of Maringue District for the 2022/2023 agricultural year that begins this October.

Marínguè counts on Moza.