Financial transactions between the Mozambican economy and the rest of the world in the first quarter of 2024 resulted in a net inflow of funds of 926.7 million dollars, compared to 894.6 million dollars in the same period in 2023. This is an increase of 3.6% in the flow of...
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have decided to maintain at 21.20% the prime rate that will apply to credit institutions during the month of August, which starts tomorrow, Thursday. The information is contained in a document released yesterday, Tuesday (30), by the two institutions and to which MZNews had access. A...
In the first quarter of this year, Mozambique recorded a negative variation of 2.5% in imports of goods, totaling 2 billion dollars compared to 2.1 billion in the same period in 2023. The data is contained in the quarterly Balance of Payments (BoP) bulletin, released on Monday (29) by the Bank of Mozambique (BdM), the...
The city of Maputo will host the 10th edition of the International Tourism Fair (FIKANI) from August 8 to 11, under the theme "FIKANI - Tourism, a Tool for Economic Development and Social Transformation". Organized by the Ministry of Culture and Tourism, through the National Tourism Institute, the 10th edition...
Sales of goods by the Mozambican economy to the rest of the world in the first quarter of this year earned the country 1.7 billion dollars, an increase of 53 million dollars compared to the same period last year. The data is contained in the quarterly balance of payments bulletin, released today, Monday (29),...
In efforts to strengthen its presence in the African markets and continent, Qatar Airways is in talks to acquire a 20% stake in South African Airlink. The companies have not yet commented on the matter, as the agreements have not yet reached a conclusion, according to sources familiar with the matter. Recall the...
The Confederation of Economic Associations of Mozambique (CTA), the largest employer in the country, is contesting the Public Works Contracts Regulation, which was approved last December by the government, claiming that it favors foreign competitors. According to the president of the Federation of Contractors at the CTA, Bento Machaila, who was speaking yesterday in...
More than 180 companies and cooperatives from the province of Cabo Delgado have confirmed their participation in the 59th edition of the Maputo International Fair - FACIM 2024, at the Ricatla International Fairs and Exhibitions Center, located in the district of Marracuene, in the southern province of Maputo. The event, organized by the Ministry of Industry and Trade, through...
China saw steady growth in foreign investment in the first half (S1) of 2024, according to official data published on Thursday, showing the country's heavy involvement in global market cooperation. China's non-financial direct investment (ODI) rose 16.6% year-on-year to 72.62 billion dollars in the first six...
The tourism and business visa exemption measure for entry into Mozambican territory could be extended to more countries, and the proposal is already being evaluated by the government. The document was recently submitted by the Ministry of Culture and Tourism to the Executive, and is being analyzed by a multi-sectoral team that...