Africa Monitor

Africa Monitor Intelligence

Mozambique: Difficult Mission for Tomaz Salomão in Central Bank Case

SB is the country´s third largest bank in the retail market, behind Millennium BIM and BCI, but the first in the foreign exchange market (Forex), representing, according to industry sources, c. 40% of the total. Unlike MBIM and BCI, which have many exchange transactions, but of small value, SB has as clients the largest companies in the country in sectors such as oil/gas, sugar, among others. READ MORE