The Bank of Mozambique (BM) has set the minimum share capital for setting up mutual guarantee companies and loan guarantee fund managers in the country at 30 million meticais, writes "Notícias." This is an important step so that financial institutions can have the capacity to absorb potential losses and perform...
Tag: guarantees
Conflict in the Gaza Strip: Biden hopes truce will last beyond Monday and Hamas gives assurances
US President Joe Biden said on Sunday that he hopes the four-day truce agreed between Israel and Hamas, which ends today, Monday, will continue "beyond" that deadline. "It is my goal and our goal to ensure that this pause continues beyond tomorrow, so that we can see more hostages released and more humanitarian aid...
Renamo says it has guarantees for pension payments to ex-guerrillas
Renamo, the main Mozambican opposition party, has backed down on the condition that it will disable its last base only after it starts paying pensions to former guerrillas, after receiving assurances that there are funds, an official party source said today. On Tuesday, the Mozambican head of state, Filipe Nyusi, and the leader of the Mozambican National Resistance (Renamo),...
Government recruits specialists for the Mutual Guarantee Fund
The Ministry of Economy and Finance has launched an international public tender to recruit specialists to fill the staff of the recently announced Mutual Guarantee Fund, an executive source has learned. These are a fund manager, a credit and operational risk manager and a compliance manager. The World Bank announced...
"Lack of funds jeopardizes demilitarization guarantees," says Renamo chief
The president of Renamo, Ossufo Momade, said yesterday, Monday (26), that the government's successive announcements about the lack of funds and the unsustainability of pensions for its combatants call into question the guarantees given throughout the implementation of the Demilitarization, Disarmament and Reintegration (DDR) process. Momade made this statement after...