{"id":1449,"date":"2021-06-28T15:09:55","date_gmt":"2021-06-28T15:09:55","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=1449"},"modified":"2021-06-28T14:59:05","modified_gmt":"2021-06-28T14:59:05","slug":"mozambique-mueda-and-nangade-without-banking-services-for-over-a-month-carta","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-mueda-and-nangade-without-banking-services-for-over-a-month-carta","title":{"rendered":"Mozambique: Mueda and Nangade without banking services for over a month \u2013 Carta"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a>. <\/strong><\/span>The districts of Nangade and Mueda in northern Cabo Delgado province have been without banking services for more than a month.<\/p>\n<p>\u2018Carta de Mo\u00e7ambique\u2019 sources were unable to specify the exact reason for commercial bank branches not opening in those parts of the country, but it is suspected that the climate of insecurity is to blame.<\/p>\n<p>According to sources, the first district to suffer an interruption in the provision of financial services was Nangade, which saw its only branch, of the Commercial and Investment Bank (BCI), close its doors without notice or explanation.<\/p>\n<p>Three bank branches in Mueda district \u2013 of BCI, Millennium BIM and Absa Bank \u2013 then followed suit.<\/p>\n<p>In Nangade, sources say that the situation is worsened by the unreliability of Vodacom Mo\u00e7ambique\u2019s telecommunications network, which deprives users of, for example, Vodafone M-pesa\u2019s financial services.<\/p>\n<p>The situation means that citizens are forced to travel to Chi\u00fare, Ancuabe and Montepuez or even to Pemba to access financial services, withdrawing money in particular.<\/p>\n<p>Banks were targeted in terrorists assaults on the towns of Mocimboa da Praia, Quissanga, Macomia and Muidumbe, but it was the assault on the main town of Palma that turned the spotlight on the \u2018profits\u2019 of the terrorist attacks, whose beneficiaries remain largely unidentified.<\/p>\n<p>In Palma, for example, it is estimated that more than 60 million meticais was stolen from the BCI, Standard Bank and Millennium BIM branches there. The military accuse the terrorists of looting, but sources at the bank suggest the military could themselves be responsible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The districts of Nangade and Mueda in northern Cabo Delgado province have been without banking services for more than a month. \u2018Carta de Mo\u00e7ambique\u2019 sources were unable to specify the exact reason for commercial bank branches not opening in those parts of the country, but it is suspected that the climate of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":1448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-1449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mozambique: Mueda and Nangade without banking services for over a month \u2013 Carta - 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