Mozambique: Insurer Empresa Moçambicana de Seguros to invest US$28 million this year

21 January 2008

Maputo, Mozambique, 21 Jan – Mozambican insurance company Empresa Moçambicana de Seguros (Emose) this year plans to invest US$28 million, most of which on refurbishing infrastructures, work on which has already begun, the company’s financial director, Mário Samboco said in Maputo Friday.

As well as the activities being carried out in the headquarters, in Maputo, initially the branches at Beira, Nampula and Quelimane will be refurbished, followed by those at Tete, Inhambane and Lichinga.

Samboco, who noted that part of the amount being invested would be applied to innovating the company’s It system, said that Emose had projected growth of 18 percent for 2008.

Samboco made the announcement during the 17th national meeting of managers and staff of the company held between 16 and 18 of January in Maputo.

In relation to the company’s performance in 2007, the financial director said it was not appropriate to comment, given that all the information had not yet been collected, as the final quarter of the year had not yet been accounted. (macauhub)