{"id":1530,"date":"2021-06-29T13:48:52","date_gmt":"2021-06-29T13:48:52","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=1530"},"modified":"2021-06-29T13:46:05","modified_gmt":"2021-06-29T13:46:05","slug":"mozambique-banco-unico-becomes-nedbank-mozambique","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique","title":{"rendered":"Mozambique: Banco Unico becomes Nedbank-Mozambique"},"content":{"rendered":"

Africa-Press<\/a> – Mozambique<\/a>. <\/strong><\/span>The South Africa-based financial group Nedbank on Monday completed its acquisition of one of Mozambique\u2019s smaller commercial banks, Banco Unico.<\/p>\n

Since 2020, Nedbank has owned 87 per cent of the shares of Banco Unico. Now, at a Maputo ceremony, the bank changed its name to Nedbank-Mozambique.<\/p>\n

According to a report on the independent television station, STV, the chairperson of the bank\u2019s Executive Commission, Joel Rodrigues, declared that the renamed bank hopes to become \u201ca partner of reference\u201d for large businesses in Mozambique. It hoped that investors will choose it to finance projects in natural resources, infrastructures, industry and agriculture.<\/p>\n

\u201cFor the companies, we promise to be a partner of reference in their day-to-day life, financing their activities and their investment projects\u201d, said Rodrigues. \u201cWe shall have a special focus on large and medium companies, and we shall present sector solutions for natural resources: for natural gas, and heavy mineral sands, among others; for the development of infrastructures, be they energy, transport, port or industrial infrastructures; as well as continuing to bank on manufacturing industry, and not forgetting agriculture\u201d.<\/p>\n

\u201cThe change of name recognises the importance of business in Mozambique\u201d, said the managing executive of Nedbank for Africa, Terence Sibiya. \u201cFor us, as a group, it demonstrates our commitment to becoming leaders in the Mozambican financial sector. Mozambique is one of the markets that are growing rapidly in Africa, with the development of liquefied natural gas\u201d.<\/p>\n

The Nedbank group, through its alliance with the Ecobank group, is represented in 39 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The South Africa-based financial group Nedbank on Monday completed its acquisition of one of Mozambique\u2019s smaller commercial banks, Banco Unico. Since 2020, Nedbank has owned 87 per cent of the shares of Banco Unico. Now, at a Maputo ceremony, the bank changed its name to Nedbank-Mozambique. According to a report on the […]<\/p>\n","protected":false},"author":84,"featured_media":1529,"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-1530","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":"\nMozambique: Banco Unico becomes Nedbank-Mozambique - Mozambique<\/title>\n<meta name=\"description\" content=\"The South Africa-based financial group Nedbank on Monday completed its acquisition of one of Mozambique\u2019s smaller commer ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: Banco Unico becomes Nedbank-Mozambique\" \/>\n<meta property=\"og:description\" content=\"The South Africa-based financial group Nedbank on Monday completed its acquisition of one of Mozambique\u2019s smaller commer ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-29T13:48:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/06\/img-60db24045635c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"438\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: Banco Unico becomes Nedbank-Mozambique\",\"datePublished\":\"2021-06-29T13:48:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique\"},\"wordCount\":257,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/06\/img-60db24045635c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-banco-unico-becomes-nedbank-mozambique\",\"name\":\"Mozambique: Banco Unico becomes Nedbank-Mozambique - 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