Africa Monitor

Africa Monitor Intelligence

Mozambique: Ecobank's leadership in Central Bank's “sight”

The possibility of SILVINO MORENO (SM), CEO for seven years, is on the table, as well as that of several of the bank's staff. Nominated by FRELIMO at the time of PR EMÍLIO GUEBUZA, his permanence will now be in question due to the bank's negative financial situation in recent years.

In the past, SM managed Matola's silos and grain terminal (STEMA), which is part of the group of the most loss-making companies among those held by the State, together with the Mozambican Insurance Company (EMOSE), DOMUS - Sociedade Gestão Imobiliária and Correios de Moçambique. READ MORE