Mozambique: Reference credit interest rate unchanged in February after four cuts
Mozambique: EMOSE registers 22% revenue growth since 2020
3:23 CAT | 21 May 2021
Photo: O País
The Mozambican Insurance Company (EMOSE) has recorded a 22% growth in revenue since 2020, chairman of the board of directors Joaquim Langa said on Thursday (May 20).
The positive results were due to increased demand for the company’s services, Langa said.
Also read: IGEPE says assets of Emose, Correios, Stema and Domus are worth more than 7 billion meticais – Carta
“As we know, insurance depends a lot on the economic environment, which is currently affected by the Covid-19 pandemic, but fortunately our financial situation remains positive,” he reported.
EMOSE recently announced that it would sell 10% of its shares on the open market, on which subject Joaquim Langa limited himself to saying that the contours of this process would be up to the shareholders.
Joaquim Langa was speaking at the signing of a memorandum of understanding between EMOSE and the Joaquim Chissano University governing the exchange of services between the parties.
Source: O Pais
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