Mozambique: Corruption holds back investment - AIM
Photo: Presidencia da Republica de Moçambique
Mozambican President Filipe Nyusi on Thursday inaugurated the new headquarters of Moza Banco, the first bank in the country in which the majority shareholding consists of Mozambican capital.
The new building, in downtown Maputo, has 14 floors and is equipped with state-of-the-art technology.
Moza Bank began its activities in 2008, and at the time employed just 16 workers. Today it is present in all provinces, with 47 branches and has a work force of 800.
In a short speech, Nyusi stressed the importance of spreading banking services throughout the country, noting that currently 37 per cent of Mozambicans have a bank account. “That’s still very little”, he said, “and so I advise the banks to explore increasingly the market”.
He believed that a great deal of money was still circulating in rural Mozambique, outside of the banking system. This had led the government to set up the “One District, One Bank” project, under which it is intended to open at least one bank in each of the country’s 154 districts.
The chairperson of Moza Bank, Joao Figueiredo, said the new headquarters shows the solidity of the bank. He recalled that initially nobody imagined that Moza Banco could go so far. “Today we are more fit to win our space”, he said. “We are proud to be genuinely Mozambican”.
Nyusi also inaugurated the Shifaa hospital, a privately-owned health unit in the Maputo urban district of KaMaxakeni. The hospital, operating in a seven storey building, cost about 2.7 million dollars to build.
Shifaa (which is Arabic for “cure”) has 38 beds, and offers a 24 hour medical service, and intensive care for adults and children. It has all the departments associated with a general hospital.
Nyusi said that this health unit is a private initiative that is in line with the goal of the government’s strategic plan to place health care closer to the people, and to provide duly equipped health infrastructures.
“This unit will make a contribution to the struggle we are all committed to which is to guarantee medical care to our fellow citizens”, he said.
The co-owner of the hospital, Adamo Casssamo, said that an effort had been made to eliminate the idea that good quality health care can only be obtained outside the country.
He presented concerns to Nyusi about the current restrictions on importing pharmaceutical products , and the lack of capacity shown by the authorised importers, which he regarded as undermining the care provided to patients.Source: AIM
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