Around the world, several companies such as banks, airlines, telecommunications companies, radio and television broadcasters and supermarkets went offline this Friday (19) after experiencing a failure in their Windows services offered by Microsoft. Our sources point to no problems in Africa. MZNews contacted Mozambique Airlines and...
The Governor of the Bank of Mozambique said a few days ago that different players in the banking system are investigating the causes of the failures in electronic transactions in the country. Rogério Zandamela says that the work will enable a better understanding of the difficulties that customers have faced in carrying out transactions, as this is the only way to...
The Bank of Mozambique (BM) is said to have "infiltrated" supervisors in banks in the Mozambican financial market where their respective administrators are suspected of being involved in the laundering of more than 330 million dollars. 48 million meticais proposed for magistrates not to arrest ringleaders in the laundering of more than 330 million dollars The Central Bank of Mozambique...
Time and time again, commercial banks in the Mozambican market have registered anomalies in the services provided to their customers. The situation has become increasingly entrenched in recent months. The banking constraints occur cyclically and are covered by the press when, for consecutive days, it is not even possible to withdraw, deposit or transfer money. A...
The Mayor of Quelimane is one of those invited to take part in a round table with multilateral development banks in Whashington, USA, on April 19. The event will take place on the sidelines of the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB)...
The number of complaints against Mozambican banks doubled in the second half of 2023, from 349 in the previous period to 741. The data is contained in a note released by the central bank last Friday and which MZNews had access to, stressing that Banco Comercial e de Investimentos (BCI), controlled by the Caixa Geral...
Some of the biggest global banks estimate that in 2024 economic growth will slow even more, pressured by high interest rates, higher energy prices and a slowdown in two of the world's largest economies, according to 'Reuters'. According to a 'Reuters' survey, quoted by the newspaper Económico, this year's...
The largest US banks are expected to record the biggest increase in loan losses since the start of the Covid-19 pandemic when they start publishing their second quarter results later this week. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley are expected to...
The notice from the Cabo Delgado Judicial Court dated April 5 appears two and a half months later in Notícias, Mozambique's main daily newspaper, after the government announced in May that it was looking for investors to take over the cotton fields. The court asks "creditors not nominated by the debtor" to present...
Economists today considered the central bank's decision to increase reserve requirements to be "harmful" for companies, pointing out that the measure "won't solve" the inflation spiral because this "variable" is conditioned by "structural problems". "It means that [companies] are going to pay their debts at a much higher cost" and this measure...