The Bank of Mozambique (BM) has set the minimum share capital for setting up mutual guarantee companies and loan guarantee fund managers in the country at 30 million meticais, writes "Notícias." This is an important step so that financial institutions can have the capacity to absorb potential losses and perform...
Renamo's presidential candidate, Ossufo Momade, has promised to create a support fund for agricultural activity, one of the key sectors for food production. Ossufo Momade was speaking this Sunday in the town of Alto Maganha, in Zambézia province, on another day of vote hunting. "We're going to...
The reserve fund of the National Social Security Institute (INSS) exceeded one billion dollars in June, double the amount of the last five years, the government announced. "It is important to note that over the five-year period investment income has exceeded projected income, with an accumulated...
Mozambican micro, small and medium-sized enterprises (MSMEs) will now have access to credit through the recently created Loan Guarantee Fund, with an allocation of 4.4 billion meticais. This fund, created by the government, aims to "promote easier access to finance" for MSMEs, by "granting guarantees and counter-guarantees for credit contracted by...
The Southern African Power Pool (SAPP) and investment consultants Climate Fund Managers launched on Tuesday a new 1.3 billion dollar target fund to build high-voltage transmission lines linking countries in the region. The Regional Transmission Infrastructure Financing Facility (RTIFF) starts with 20 million...
Zimbabwe is to launch a Renewable Energy Fund with an initial investment of 45 million dollars, which will be managed by the international financial services group, Old Mutual. The fund is the main strand of the "Catalyzing Renewable Energy Investments to Accelerate the Achievement of the SDGs in Zimbabwe" project, which...
Small and Medium-sized Enterprises (SMEs) will benefit from funding of 120 million dollars from a Loan Guarantee Fund that is being prepared by the government. According to Notícias, the information comes from the balance of the Economic and Social Plan of the 2023 State Budget, drawn up by the Ministry of Economy and Finance....
The Prime Minister of Italy, Giorgia Meloni, announced on Monday that Mozambique and other African countries will benefit from a cooperation fund worth 5.5 billion euros. The fund is part of the strategic cooperation plan called the "Mattei Plan", which aims to stem the flow of migrants to that country in particular and Europe in general....
The Mozambican Insurance Company (EMOSE) is going to set up a fund to finance small and medium-sized enterprises (SMEs) next year, according to the Chairman of the Board of Directors, Janfar Abdulai. The fund, with initial capital of 500 million dollars, will be set up with a strategic partner of EMOSE, and should focus on companies dedicated to...
The trade union representation of the Mozambican business community is proposing the creation of a fund to protect price stability in the domestic market from the impact of shocks to the economy, especially external ones. "And one of the biggest external shocks is the rise in the price of a barrel of oil, which pushes up fuel prices in...