News

Moza Banco took part last Tuesday 26^th October, in the 6^th edition of the Conference "Know and Use SMEs Financing", which was held in Chokwé district, Gaza province. The event, organized by the Institute for the Promotion of Small and Medium Enterprises (IPEME), had the aim of sharing its financing lines, facilitating the interaction between the bank and MSMEs and also in assisting SMEs in the area of financial literacy.

The one-day event allowed Moza Banco to present its range of products and financial solutions suitable for the growth of Micro, Small and Medium Enterprises (MSMEs). As each business has its own specificities, Moza supports business treasury management through financing for investment and equipment acquisition, with highly beneficial conditions so that companies continue to grow.

The bank also presented several financing lines available at the moment with competitive interest rates, such as the Sustenta credit line from FNDS - National Fund for Sustainable Development, the Agro Garante credit line, the FSA - Food Security Fund (also known as the Kuwait Fund) lines, the USAID credit line aimed at financing agribusiness, and also the AGF and FECOP lines.

Speaking at the opening ceremony, the Managing Director of the Institute for the Promotion of Small and Medium Enterprises (IPEME), Joaquina Gumeta, began by reminding those in attendance that the Know and Use SMEs Finance Conference, is a platform which aims to make Micro, Small and Medium Enterprises aware of the several financing opportunities available for this segment of companies, considering that one of the major constraints mentioned in the MSME development strategy is the lack of access to relevant information. Looking ahead, the director remained expectant regarding the event’s outcomes:

“IPEME expects tangible results from this session, from the interaction between the MSMEs and the entities that presented their financing instruments. To facilitate the achievement of this objective, we have business support services providing technical assistance and linking the MSMEs to these opportunities”.

For the Retail Commercial Director for the southern region, José Mathe, “Moza is a bank that is concerned with Mozambicans’ well-being, and therefore it is focused on the growth and development of national companies. It is within this context that we present our special range of products aimed especially at Micro, Small and Medium Enterprises, in addition to various financing solutions adapted for companies in rural, peri urban and other areas.”

By joining this initiative, Moza Banco is pursuing its strategy as a universal bank, with a strong commercial orientation and an extensive national coverage, aspiring to contribute to greater financial inclusion, an excellent service to its customers and a more robust national economy by investing in the financial empowerment and robustness of Small and Medium companies in the country.

The "Know and Use SMEs Finance" Conference, led by IPEME, has been held since 2012 and has already visited Maputo, Sofala and Niassa provinces

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.

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.

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.

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.