The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. Opened in mid-2011, Mozambique-based Banco Único is already close to breaking even and its bold ambitions for the future make it one to watch in 2013.
Latest articles from Mozambique
Emerging market banks stake claims in commodities
With balance sheet clean-ups continuing in Europe and the US, banks in emerging markets have grabbed the opportunity to forge stronger relationships with local commodity producers.
Mozambique oils the wheels of economic growth
While the recent discovery of natural gas will certainly boost Mozambique's economy, the country's president, Armando Guebuza, recognises that it will not be enough to pull the country out of poverty and end its reliance on aid. To achieve this, it will be necessary to promote growth in other areas, such as agriculture and tourism, in order to create a more diverse and sustainable economy.
Renaissance Capital investment bank head seeks emerging market niche
After leading Morgan Stanley’s equities business outside the Americas, John Hyman is working to position Renaissance Capital as a focused player in a number of very different markets across emerging Europe and Africa.
African banks seek expansion beyond home markets
African banks are increasingly looking outside of their domestic markets, and many of the continent's biggest lenders are now active in multiple countries, buoyed by greater access to vast unbanked populations and a more stable political environment.
Mozambique looks beyond mega projects
Mozambique’s economy is booming and unlikely to slow down anytime soon. But the majority of the growth is down to its abundant natural resources, which has not trickled down to the bulk of the population. The government is now focusing on boosting the rest of the economy.
Mozambique looks to boost fledgling capital markets
Mozambique’s capital and financial markets remain small and undeveloped, a situation that will have to change if the country is to sustain its rapid growth and diversify its economy.
Africa’s new leaders: The next generation
Good news from Africa is often drowned out by a tide of negative reporting. The Banker aims to combat this by profiling the achievements of leading young Africans. Writer Charlie Corbett.
Investors look eastwards
While Africa’s oil and mineral-rich western regions dominate the headlines, Mozambique has slowly but steadily been turning investors’ heads towards the continent’s east coast. Charlie Corbett reports.
Ready for stage two reforms
Mozambique’s prime minister, Luisa Diogo, tells James Eedes about the country’s immense progress in the past decade and its plans for future reforms.
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