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Vista Group Holding Chairman Simon Tiemtoré said that the Group would emerge as a world-class pan-African financial services entity with operations in 25 countries by 2026.
Vista Group Holding of Mozambique announced the finalization of its acquisition of Banco Société Générale de Moçambique S.A. The acquisition is lock, stock, and barrel and involves taking over 100% of Banco Société Générale de Moçambique. The latter has eight branches. The merged entity will undergo a name change to Vista Bank Moçambique.
Vista Group Holding Chairman Simon Tiemtoré said that the Group would emerge as a world-class pan-African financial services entity with operations in 25 countries by 2026.
Vista Group, owned by Lilium Group LLC, offers a comprehensive range of innovative and accessible banking products, solutions, and services to individuals, small and medium-sized enterprises (SMEs), businesses and governments. Vista Group’s objective is to become a world-class pan-African financial institution and to participate in economic and financial inclusion in Africa.
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https://trendsnafrica.com/mozambique-improves-trade-balance-21-deficit-bridged/
Vista has established ties with several international financial institutions to implement its growth strategy in the M & SME sector (SME banking; leasing; factoring; meso-finance; women’s banking, etc.), trade and supply chain finance, corporate banking, and bancassurance.
The Port of Beira could reach a historic containerized cargo handling record of 400,000 TEUs by the end of this year as it penetrated new markets in the Democratic Republic of Congo, Zambia, and Zimbabwe, according to port authorities. The cargo terminal handled 225,000 TEUs of various cargo between January and July this year, an increase of 41% over last year. The containers were transporting mostly minerals, food, and forestry products.
