The Bank of Mozambique decided on Thursday to keep the monetary policy interest rate at 13.35 due to the prevalence of inflation risks and uncertainties. According to the Monetary Policy Committee (CPMO) of the Bank of Mozambique, the risks are "mainly those arising from rising prices of food and liquid fuels, as well as...
Author: Salvador Baloi (Salvador Baloi)
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The second edition of the International Conference "Growing Blue" starts today
The 2nd edition of the International Conference "Crescendo Azul" starts today, Thursday, in the city of Vilankulo, Inhambane province. This is an event organized by the Ministry of Sea, Inland Waters and Fisheries that aims to promote an economy based on the oceans. The event will bring together about 1,500 people, including experts and government officials from several countries...
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Oil price has already gone up 60% and can still go up to $90
The price of a barrel of oil is moving unstoppably towards its peak. By the end of the quarter it could reach $90, as on both the London and New York markets, the "black gold" is on its way to new records against 2014 and 2018, respectively. In the US alone, West Texas Intermediate (WTI) has passed...
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November 17, 2021November 18, 2021Agriculture, Markets
Small farmers receive support from the United Nations on resilience issues
Smallholder farmers in the provinces of Gaza in the south, Tete and Sofala in the center will benefit from a resilience program aimed at reducing agricultural losses in the face of climate shocks. This is an initiative promoted by the World Food Programme (WFP) that aims to ensure the food security and livelihoods of more than 50...
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Prime Minister defends continuous capacity building of public institutions
The Prime Minister, Carlos Agostinho do Rosário, defends the need for there to be a continuous training of public institutions and the strengthening of supervision and internal control to ensure the implementation of standards and procedures for public finance management. According to Carlos Agostinho do Rosário, who spoke today in the Assembly of the Republic, this action should...
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Vilankulo sells out its reserves due to the 2nd Crescendo Azul Conference
Reservations for accommodation in Vilankulo city, Inhambane province are already sold out due to the II Blue Crescendo Conference that starts this Thursday. According to the provincial government of Inhambane, due to lack of space to accommodate more tourists as well as the staff who will participate in the conference in the tourist city of...
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November 17, 2021November 18, 2021Economy
Mozambique's public debt remains unsustainable and is out of limits
Mozambique's public debt remains unsustainable and outside the established limits, a fact that puts the country without access to new loans. According to the Administrative Court, in its opinion to the General State Account, last year, the volume of public debt represented 97.3% of the Gross Domestic Product (GDP), after 78.1% in 2019, with the...
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Civil society calls for the creation of a special court to judge crimes in Cabo Delgado
The Monitoring Forum of the UN Universal Periodic Review Mechanism for Human Rights in Mozambique calls for the creation of a special court for Cabo Delgado province to ensure justice for crimes committed by terrorists and the armed forces. The Executive Director of the Monitoring Forum of the...
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"New cashew nut price could revive production in the country" - Ilídio Bande
The director of the National Almond Institute, Ilídio Bande, considers that the establishment, by the government, of 43 meticais as a reference price for the commercialization of cashew nuts in the present campaign, may revive the production that, last year, had a setback in its performance as a consequence of the pandemic. According to the governor, the...
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Mozambique seeks tourism and cultural cooperation at Expo Dubai
Mozambique displays its artistic-cultural and tourism potentialities to attract foreign investors at the Dubai 2020 International Exhibition (Expo-Dubai) in the United Arab Emirates. The participation of Mozambique in the universal exhibition is headed by the Minister of Culture and Tourism, Eldevina Materula, where the event is seen as an opportunity for the country to display its artistic-cultural and tourism potentialities, "selling"...