Mozambique: Central Bank Intervenes in Moza Banco

The Bank of Mozambique has intervened in the country’s fourth largest commercial bank, Moza Banco, suspending its Board of Directors, and imposing a provisional board. A statement issued by the central bank on Friday said the financial state of Moza Banco had been declining “in an unsustainable manner”. The Bank of Mozambique had stepped in “to…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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