Micro, small and medium-sized enterprise (MSME) entrepreneurs in the provinces of Nampula, Cabo Delgado and Tete will be able to receive 320 million meticais under the Business Recovery Fund, a Mozambican government program financed by the World Bank. The Business Recovery Fund was launched this Friday (29) in the city of Nampula by President...
The German Development Bank (KFW) and the public company Electricidade de Moçambique (EDM) signed financing agreements in Maputo this Friday (28) to conduct a market study for the production of green hydrogen in the country, valued at 500,000 euros, equivalent to 34.1 million meticais. The funding will be used to...
This Friday, in the city of Nampula, the President of the Republic, Daniel Chapo, launched the Business Recovery Fund, an initiative aimed at supporting micro, small and medium-sized enterprises (MSMEs) in the provinces of Nampula, Cabo Delgado and Tete. With an initial amount of five million US dollars, the fund aims to mitigate the economic impacts...
The Mozambican Fuel Importer (IMOPETRO) assures that there is enough liquid fuel to cover 22 days, contrary to the shortage of this product in the center and north of the country. This guarantee comes at a time when some consumers in the city of Beira, for example, are facing difficulties in acquiring gasoline, a situation that prevails...
The Zóbuè border post, located in Tete province and one of the main entry and exit corridors between Mozambique and Malawi, has recorded an estimated loss of around 6.6 million meticais, as a result of the interruption in the collection of road and customs transit fees. According to a report in the newspaper Notícias, the impact...
The governor of the Bank of Mozambique (BdM), Rogério Zandamela, assures that liquidity in the financial system is sufficient, following the reduction in the coefficients decided in January. Speaking this Wednesday (26) after the meeting of the Monetary Policy Committee (CPMO), which decided to reduce the MIMO monetary policy interest rate from 12.25% to 11.75%, Rogério...
The government warns that the country's current public debt is on a strong upward trend and fears that it could jeopardize this year's State Budget (SB). For this reason, the Executive wants to review the country's Public Debt Strategy for the 2026/2029 period. Speaking this Wednesday (26), at the end of the first session...
Mozambique is speeding up preparations for its participation in the world exhibition, called EXPO-2025, to be held from April 13 to October 13 in Osaka, Japan. The Mozambican delegation intends to showcase its potential in sectors such as mineral resources, energy, fishing, agriculture, tourism, culture and social projects, as well as exposing its image to...
The Mozambican Chamber of Commerce (CCM) announced this Wednesday (26), in Maputo, that by decision of the general assembly of this organization, it was decided to support the candidacy of Álvaro Massingue for the presidency of the Confederation of Economic Associations of Mozambique (CTA), currently led by Agostinho Vuma. This is the second time that Álvaro Massingue has run for the leadership...
The Bank of Mozambique (BdM), through its Monetary Policy Committee (CPMO), decided this Wednesday (26) to reduce the monetary policy interest rate, MIMO rate, from 12.25% to 11.75%. The measure, according to the BoM, stems essentially from the maintenance of a single-digit inflation outlook in the medium term, despite the increase in uncertainties...