In the first quarter of 2024, the total direct debt stock of Mozambican state-owned companies fell by 1.6% compared to the fourth quarter of 2023, from 39 billion Meticais to 38.4 billion Meticais (from 612.4 million dollars to 603 million dollars at the current exchange rate). According to the...
The Minister of Economy and Finance, Max Tonela, has ordered the cancellation of the controversial, million-dollar consultancy tender for training in the areas of auditing for the Ministry's staff. According to a publication by Carta de Moçambique, citing a reliable source in that government institution, the order to cancel the tender was given days after the...
The accumulated value of the debt of the Mozambican State Enterprise Sector (SEE) fell by 1.5% in the second quarter, compared to the previous quarter, to 40.8 billion meticais, according to a government report. In absolute terms, the accumulated value ('stock') of the debt of almost two dozen Mozambican public companies, or companies in which the state has a stake, fell by 646 million meticais...
Mozambique's public debt stock in the first half of this year was almost 943,981 million meticais, representing an increase of 2% compared to the end of 2022. According to the economic and social balance of the implementation of the State Budget from January to June 2023, the Ministry of Economy and Finance...
The Ministry of Economy and Finance, through the Insurance Supervision Institute of Mozambique, IP (ISSM, IP), is today launching the Bank Supervision Application platform, known as BSA, a web application for the supervision and oversight of banking financial institutions, customized for the insurance sector. A press release to which we have had access states that...
Mozambique's Net International Reserves (NIR) fell again at the end of the first half of this year to 3,209 million dollars, according to figures from the Ministry of Economy and Finance. According to the report on the implementation of the Economic and Social Plan and the State Budget from January 1 to 30...
Since January, the Mozambican government has placed 24,920 million meticais in Treasury bonds on the stock exchange, with the legal availability to issue a further 11,728 million meticais by the end of the year. Decree 14/2023, issued by the Ministry of Economy and Finance, states that from January 18, the issue of Treasury bonds (OT)...
The stock of Mozambican public debt rose in the first quarter of this year to the equivalent of 14,370 million dollars, according to data from the Ministry of Economy and Finance consulted today by Lusa. This is an increase equivalent to 5.4% compared to the previous period, according to the same official government data. The domestic debt stock...
The Ministry of Economy and Finance says that the data entered in the Single Wage Table (TSU) is being audited, with the aim of identifying anomalies and correcting them. The inspector-general of the Ministry of Economy and Finance, Emanuel Mabumo, was quoted by the newspaper O País as saying that by June 10 this year,...
The government, through the Ministry of Economy and Finance (MEF), has been carrying out various actions with a view to removing Mozambique from the Grey List of the Financial Action Task Force (FATF), an intergovernmental body that aims to develop and promote national and international policies to combat money laundering and...