Mining company Kenmare has announced a 4% increase in exports from its Moma mine, on the coast of Nampula province, to over one million tons by 2024. Market information provided by Kenmare and quoted by "Noticias" indicates that shipments of various finished minerals were made throughout last year...
The clean energy sector will add 320 billion dollars to the world economy in terms of added value by 2023, which represents another 10% of global GDP growth. According to Allianz Trade, Europe and China have led the green transformation. However, while China's green investments continue to grow,...
Banking activity in Mozambique, measured by total assets, stood at 961.68 billion meticais in June 2024, which represents annual growth of 8.38% compared to the same period in 2023, and 4.70% compared to the previous six months. According to the Bank of Mozambique's (BdM) financial stability bulletin, released yesterday...
The Mozambican economy grew by 3.68% in the third quarter of 2024, driven by the mining industry. The data is contained in a report released by the National Statistics Institute (INE) and the Bank of Mozambique (BdM). According to the document, Gross Domestic Product at market prices showed a positive...
The President of the Republic, Filipe Nyusi, said yesterday that the damage caused by the demonstrations in protest at the election results could lead to a downward revision of this year's estimated economic growth of 5.5%. Nyusi, who was speaking to the nation in the context of the post-election demonstrations, highlighted the shortage of food products that is triggering inflation and...
Investment in the tourism sector in Gaza province, southern Mozambique, grew by 55% in the first half of this year, with more than 111 million meticais invested in the construction of various tourist infrastructures. According to the provincial director of Culture and Tourism, Maria Emília Mapsanganhe, who was speaking on Rádio Moçambique, as a result of these investments, the...
The President of the Republic says that the electrification of special economic zones or administrative posts is helping to accelerate the economic growth of communities and boost tourism, thereby reducing operating costs. Speaking yesterday, Thursday (01), during the inauguration of the photovoltaic plant at the Bazaruto administrative post, in the...
China saw steady growth in foreign investment in the first half (S1) of 2024, according to official data published on Thursday, showing the country's heavy involvement in global market cooperation. China's non-financial direct investment (ODI) rose 16.6% year-on-year to 72.62 billion dollars in the first six...
The International Monetary Fund (IMF) has slightly revised upwards the growth of the world economy to 3.3% in 2025, but warns of the risks that high inflation will keep interest rates high for longer. For this year, the institution is maintaining its forecast of global economic growth of 3.2, according to the update to the World...
The International Monetary Fund (IMF) forecasts growth of 4.3% in Gross Domestic Product (GDP) for Mozambique this year, compared to 5.4% in 2023. As for the stock of public debt, the IMF said in a statement released recently that it should grow to 97.5% of GDP, compared to 93.9% last year. Inflation is expected to fall to 3.6%...