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The President of the Republic, Filipe Nyusi, inaugurated on Monday, August 2^nd 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 3^rd 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.

For the second consecutive time, Moza Banco has been voted the best regional bank in Southern Africa by African Banker magazine at a gala that recognises the best in the financial sector on the African continent every year.

Every year, African Banker Magazine, a prestigious African financial publication, in cooperation with IC Events and Business in Africa Events, presents awards to personalities and banks that have been driving the development of the financial sector and the rapid transformation of the African continent.

The aim is to recognise the excellent work of those who have been driving growth and creating new economic opportunities for citizens and communities across the African continent.  In this regard, Moza Banco was honoured as the Best Regional Bank in Southern Africa for the second consecutive time. The recognition was awarded under the high patronage of the African Development Bank during the institution's annual meeting.

The awards recognise "the champions that Africa needs, they reflect the new generation of Africans and serve as examples and role models for future managers on the continent," Omar Ben Yedder, Director of IC Publications Group, which publishes African Banker magazine, said.

Moza, the best regional bank in Africa. 

The "Mulher+" competition ended last Saturday, an ICEF initiative in partnership with Moza Banco, with the aim of promoting a culture of female entrepreneurship, creating networking, sharing experiences between women from different professional areas and developing financial literacy activities.

Mulher + is an innovative concept that aims to have a social and economic impact on the world of Mozambican entrepreneurship, highlighting the value of women. The aim of this initiative was to give a voice to the actions, ideas and initiatives of anonymous women whose work creates an impact on the lives of the people around them, local communities, and who can be examples of success for the world in general.

There were 6 groups in total, comprised of 30 women each, which were involved in this project, and the big winner was announced on June 5^th. This is the Kussila Group, which presented a food-processing project with the aim of reducing cooking time and improving quality. In the first phase, "Kussila" proposes to process and preserve matapa, fresh coconut, peanuts and garlic, essential food products in the daily life of Mozambican families. The winning group received funding from Moza Banco for having presented the best project, according to the jury's classification.

This partnership represents another clear demonstration of the importance that Moza Banco places on entrepreneurship and promotion of sustainable businesses through consistent support to initiatives with the potential of adding value to the national economy and the country as a whole.

The Board of Directors of Moza Banco announces that taking into consideration the institution’s development, the bank is today in a position to embrace a new phase in terms of its strategy and market positioning, a phase that must be harmonised with the adoption of a new corporate governance model in line with the sector's best international practices.

In this context, the bank will proceed with the separation of duties of the Chairman and Chief Executive Officer, having hired the bank executive Manuel Soares, who will act as the CEO of Moza Banco from July onwards.

The Board of Directors would like to thank Mr. João Figueiredo for his dedication, total commitment and competence in his role as CEO of the Bank, which allowed Moza Banco’s fortunes to be transformed onto the right track. The Board of Directors also welcomes the new CEO Mr. Manuel Soares who we are sure will continue the good work done previously.

Moza Banco will continue with its strategy of being a universal bank, with a strong commercial orientation and an extensive national coverage, aspiring to greatly contribute with its activity to greater financial inclusion, an excellent service to its customers and a more robust national economy.

Board of Directors at Moza Banco

Moza Banco signed a memorandum of understanding this Monday 31^st May, with Grupo Desportivo Maputo, aimed at supporting the rehabilitation and modernisation of the Club's infrastructures, and special attention will be given to the senior men and women's basketball teams.

Through this agreement, the bank becomes a strategic partner of Grupo Desportivo de Maputo, committing itself to supporting the Senior Men's and Women's Basketball teams and in particular the training of young athletes in the same sport.

“Grupo Desportivo de Maputo is a historic club in Mozambique and one that has always had great importance in terms of training young talent, especially in basketball. With this memorandum, we intend, once again, to solidify our commitment to sports in Mozambique, boosting training”, said Manuel Vasconcelos Guimarães, a member of the Moza Banco’s Executive Committee.

The President of Grupo Desportivo de Maputo expressed his gratitude for signing the memorandum of understanding with Moza Banco, and said it was an important milestone in leveraging the club's men's and women's basketball teams. “We’d like to thank Moza Banco for their trust and I can assure you that this partnership will be very important for the development and modernisation of our basketball”, Paulo Ratilal said, moments after signing the memorandum.

Moza Banco continues to invest in areas of the future, such as culture, the social and sports areas, always valuing activities that promote well-being and educate the individual, training them in values such as the spirit of teamwork.

Moza, the bank that gives value to sport!