Welcome Visitor 19831513. Today is Friday, July 31st 2015 · SEARCH · SITEMAP ·   
Club of MozambiqueProduced by Adrian Frey   |   Developed by Claudio Fauvrelle
Vodacom Mozambique
Club of Mozambique
Advertise with Us

What's New
Latest Classifieds

Household Furniture For Sale (134)
Health And Nutrition Consultant To Support Unicef Programme In Tete (99)
Vende-se Uma Vivenda Na Beira (118)
Fridge With Bottom Freezer For Sale (136)
Corricraft Couch (252)
Supercat 21.6" For Sale (216)

Latest Tenders

Supply Of Industrial Machine Of Clothes Ironing
Construction Of A Bridge Over The River Nacatile
Diverse Tenders Ministry Of Agriculture

Mozambique Exchange Rate

CurrBuy Sell
EUR 42,16 42,38
USD 38,21 38,41
ZAR 3,04 3,06

Date: 30/07/2015
Source: Banco Moçambique
News for Business and Economy

Portuguese-Mozambican bank, Banco Nacional de Investimentos to start operating only in 2011

Listen with webReader
Send To a Friend

Hotel Cardoso

clubofmozambique (2010-11-30) Portuguese-Mozambican bank, Banco Nacional de Investimentos, which has already been set up, will start operating in the first half of 2011 and not this year as had been initially scheduled, Mozambique’s Finance Minister, Manuel Chang said.

Cited by the Mozambican press, the minister also said that the bank's shareholders - the Mozambican and Portuguese states - had already asked the Bank of Mozambique for "starting capital to be applied gradually, according to investment needs."

“Both we, and Caixa Geral de Depósitos (CGD), are at a stage that gives us time to do that. There are initial amounts being invested for the purpose of initial work,” he added.

Portugal’s share of BNI is being managed by CGD, and the National Treasury Directorate is responsible for the Mozambican side.

The Finance Minister declined to say the initial amounts invested in starting capital, saying that "there is no need" and "there are technical teams that are working on setting up the bank."

BNI’s official starting capital is US$500 million.

Portugal and Mozambique have an equal share of 49.5 percent each in the bank, and the third shareholder is Banco Comercial de Investimento, which is majority-owned by Portuguese banking group CGD, with 1 percent, or the equivalent of US$5 million.

The bank was officially set up in Maputo last June with shareholders announcing that US$500 million would be invested by December and that the bank would start operating this year.

source: macauhub

Pin It

Comment Print this article | 1874 Views.

Advertise with Us


Vodacom Moçambique

Cardoso Hotel

MMO, Mozambique Managed Offices Lda

Internet Solutions

Pam Golding Mozambique

Fuel Prices
Petrol Diesel
MT47.52 per litre* MT36.81 per litre*

* price valid for Maputo, Beira and Nacala

The Government made the last increase on 06/07/2011
This site is best viewed with a resolution of 1024x768 px. Please read our Terms & Conditions for the proper usage of this Website.
   WAP Enabled