The post-election protests in Mozambique have already led to the loss of dozens of human lives and financial losses in the thousands. The demonstrations began on October 21 and so far the future is uncertain. The argument is the "fraudulent" election results. Since then, Mozambicans have witnessed two situations: the paralysis of activities in the country or...
The current formula used to calculate the Gross Domestic Product (GDP) should be urgently revised to incorporate the foreign currency generated by the exploitation of mineral resources, argues the Minister of Transport and Communications, Mateus Magala. In Magala's view, the current model for estimating GDP is out of touch with reality "because it omits capital...
The national Gross Domestic Product (GDP) is expected to grow by 5.2% this year, according to recent forecasts by the African Development Bank (AfDB). The same growth is expected in 2025. The data is contained in the African Countries Economic Outlook Report, presented in Nairobi, Kenya. The document improved the...
A study published in the scientific journal Nature Climate Change reveals that the world could lose around 10% of Gross Domestic Product (GDP) if global temperatures rise by 3°C. "If we take into account that warmer years also bring changes in rainfall and temperature variability, it turns out that the estimated impact...
The civil service wage bill could fall next year from 14.5 to 12%, compared to the Gross Domestic Product (GDP), said the Minister of Economy and Finance, Max Tonela. According to the minister, who was speaking at a government hearing requested by the Assembly of the Republic's Planning and Budget Committee, the reduction...
The Liquefied Natural Gas (LNG) exploration project in the Rovuma Basin is estimated to have contributed 6.5% to Gross Domestic Product (GDP) growth. The information was provided recently in Maputo by Giorgio Vicini, Eni's representative in Mozambique, quoted by Notícias. This percentage, according to the source, represents a contribution...
The market capitalization of the Mozambique Stock Exchange (BVM) rose in the third quarter of this year, to a weight equivalent to 25% of GDP, according to official figures. The market capitalization - an approximation of the market value of companies and securities - accumulated up to the end of June corresponded to 24.37% of the Gross Domestic Product (GDP)...
According to the Bank of Mozambique (BM), Gross Domestic Product (GDP) grew by 4.7% in the second quarter of 2023, essentially galvanized by the performance of the extractive industry, especially natural gas production. In the medium term, the WB expects the extractive industry to continue to contribute to the acceleration of...
The growth of economic activity in Mozambique is expected to stand at 5% according to the forecasts of the Economic and Social Plan and State Budget (PESOE), which predicts the highest performance from the Extractive Industry. The PESOE's growth forecast "will be sustained by the positive performance of the extractive industry, with 23.1%", says the Ministry...
The contribution of the Extractive Industry to the national Gross Domestic Product (GDP) has grown by 8.8% in about a decade, from 1.8% in 2011 to close to 10.6% in 2022, the President of the Republic (PR) announced today. "In Mozambique, the extractive industry has seen significant growth, from 1.8% of GDP in 2011 to...