Regulatory Alerts2017-08-24
Notice No. 17/GBM/2017, of August 24 – Exonerates the Provisional Board of Directors Appointed to Manage Moza Banco, S.A. within the Framework of Extraordinary Sanitation Measures
The Bank of Mozambique issued Notice No. 17/GBM/2017 to formally exonerate the five members of the Provisional Board of Directors managing Moza Banco, S.A., following the resolution of extraordinary financial and prudential sanitation measures. Effective immediately, this notice revokes three prior 2016–2017 appointments and directs that any interpretative disputes be submitted to the bank's Regulation and Licensing Department. In parallel, the Ministry of Science and Technology established six new district delegations for the Research and Technology Transfer Center (CITT) across five provinces, transferring existing research resources to drive local agricultural productivity, technology transfer, and sustainable community development.
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