The Bank of Mozambique says the economy could fall and predicts rising prices and reduced purchasing power. Due to the post-election tension, the Bank of Mozambique warns that economic growth will slow down and, as if that weren't enough, prices will have to rise. According to the Central Bank, in a report published on Friday,...
The Ministry of Economy and Finance (MEF), through the Asset Management Office (GGA), is holding a public auction tomorrow and Tuesday in Maputo City of 49 vehicles, nine tractors, several leashes and other movable assets that have been seized in recent years and which have been discounted...
The post-election demonstrations in Mozambique could cause setbacks in several areas, including the sovereign credit rating, the Center for Public Integrity (CIP) announced in an analysis published on its website this Sunday. Unrest has rocked Mozambique since the October 9 elections, which were won by the Frelimo party, in power since 1975, but...
The Minister of Transport and Communications says that South African consultant Fly Modern Ark has fulfilled its mandate, which was to restore the sustainability of Mozambique Airlines (LAM) and make it more competitive in the market. Even so, he asks for patience so that the flag carrier can become robust again. According to Mateus Magala, who was speaking this...
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have decided to reduce the prime rate that will apply to credit institutions in December from 19.8% (in November) to 19.7%. The information is contained in a document released yesterday, Friday (29), by the two institutions and to which MZNews had access. A...
Revenues from the export of natural gas extracted in Mozambique amounted to 901 million dollars during the first half of this year, an increase of 33% compared to the same period in 2023. The data is contained in the Biannual Report on the Balance of Payments and International Investment Position, published by the Bank of Mozambique....
The ceremony to launch the financing program for small, medium and large companies in the provinces of Inhambane, Gaza, Sofala and Manica, which was initially scheduled for this week, has been postponed. The postponement was due to the current situation in the country, which does not allow for better organization of the ceremony that was due to take place on...
The Centre for Public Integrity (CIP), a Mozambican non-governmental organization (NGO) believes that the management of the Mozambique Sovereign Fund (FSM) is not transparent and that the government's reports lack information. According to a CIP report on the subject, the Sovereign Fund is far from being a transparent institution in the management of...
Mozambique and Malawi have launched a project to facilitate mobility and small-scale cross-border trade, a joint initiative. The ceremony took place in the Malawian city of Blantyre and was witnessed by the Malawian Minister of Internal Security, Ken Zikhale Ng'oma, and the Director General of the National Institute for Mozambican Communities Abroad (INACE) Armando Muiane, representing...
The Monetary Policy Committee (CPMO) of the Bank of Mozambique (BdM), which decided this Wednesday (27) to reduce the monetary policy interest rate, MIMO rate, from 13.50 % to 12.75 %, warns that the pressure on domestic public debt remains high. "The domestic public debt, excluding loan and lease agreements...