The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have set the Prime Rate for credit institutions at 22.30% for the month of May, lowering it further for the third consecutive month. For the current month, the two institutions have set the Prime Rate at 22.70%, compared to the 23.10% recorded in...
The rehabilitation of National Road Number One (N1), the backbone of the South-Central-North road link, will begin next May, writes "Notícias", quoting the Minister of Public Works, Housing and Water Resources, Carlos Mesquita. For this purpose, the minister said that at least 400 million US dollars had been secured, mobilized from the World Bank,...