Opinion Author: Paulo Matavela (Independent Financial Consultant) Monetary policy plays a fundamental role in macroeconomic stability. Through Decree-Law No. 01/92 of January 3, the Bank of Mozambique describes the main objective of monetary policy as: preserving the value of the national currency and price stability. Monetary policy faces significant challenges in...
The Center for Democracy and Human Development (CDD) says that Mozambique is currently experiencing one of the worst human rights crises since the birth of multiparty democracy in 1994. The country has been experiencing post-election protests since October 21 and to date there have been around 128 deaths, including civilians (the majority) and...
Severe tropical cyclone Chido has now left Mozambique after causing destruction to socio-economic infrastructure in the provinces of Nampula, Cabo Delgado and Niassa. The exit point was the district of Mecanhelas, in Niassa. The storm is now in Malawi, in the capital Blantyre, and is on its way back to Mozambique via the province of Tete....
The Mozambican state could lose more than 2.3 billion dollars over 25 years - 92 million dollars a year - in a new gas contract that ENI is forcing it to sign. According to the Center for Public Integrity (CIP), the multinational is pressuring Mozambique to sign a contract...
In the French territory of Mayotte, the passage of Cyclone Chido has already left at least 14 dead, and hundreds of victims - which could number in the thousands, say the local authorities. Pope Francis mentioned them in his prayers this Sunday. It was at the end of an unprecedented visit to the French island of Corsica, where Francis celebrated Mass for...
This Sunday, the European Commissioner for Crisis Management announced the activation of the Copernicus system, responsible for monitoring the Earth, to monitor the situation in the French archipelago of Mayotte and in Mozambique, following the devastating passage of Cyclone Chido. "The EU's Copernicus satellite has been activated to monitor Mayotte and Mozambique. We are in contact with...
The National Electoral Commission (CNE) owes just over two billion meticais to the Laxton/Artes Gráficas consortium for material supplied for the 2023 local elections and this year's general elections. According to the electoral bulletin of the Center for Public Integrity, on December 3 Laxton/Artes Gráficas issued a note to the...
Severe tropical cyclone Chido could cause urban flooding and erosion in the provincial capitals of northern Mozambique, according to a warning from the National Institute for Disaster Risk Reduction and Management (INGD). The city of Nacala, in Nampula province, the city of Lichinga, in Niassa, and the town and city of Pemba, in...
The passage of the intense tropical cyclone Chido over the French island of Mayotte has left a trail of destruction with at least 14 dead, according to international media reports. However, local authorities estimate that there could be hundreds of fatalities. "I think it will certainly be several hundred, maybe we'll reach a thousand, or even several thousand," admitted...
The National Institute for Disaster Risk Management and Reduction (INGD) preliminarily estimates that more than 250,000 people may be in need of emergency humanitarian aid in the provinces affected by tropical cyclone Chido. The phenomenon, which entered the continental part of Mozambique at level 4, from the districts of Memba, in...