Ncondezi Energy Ltd, has updated the progress of its first commercial and industrial battery project in Moçambiqu
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Mozambique needs bold reforms to avoid dependence on extractive industry, say economists
Economists say that only a deep diagnosis of the state of the economy, coupled with the political will to implement bold economic reforms, can make Mozambique
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June 2, 2021June 2, 2021Companies
Private sector asks ADB for greater inclusion of SMEs in its financing strategy
The Confederation of Mozambican Economic Associations (CTA) requested the ADB to revise its strategy to allow greater inclusion of Small and Medium Enterprises
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June 1, 2021June 1, 2021Economy
"National GDP Grows 0.12% in First Quarter" - INE
Mozambique's Gross Domestic Product (GDP) grew again in the first three months of this year, up 0.12% compared to the same period in 2020
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June 1, 2021June 1, 2021Economy
Mozambican prime rate to remain at 18.9% in June
Mozambique's benchmark interest rate will remain at 18.9% in June, the Bankers' Association announced this Monday
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June 1, 2021June 1, 2021Economy
Mozambique projects annual aquaculture production of 24,000 tons
The President of the Republic Filipe Nyusi announced on Friday the goal, for the next five years, of 24,000 tons of annual aquaculture production throughout the country
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June 1, 2021June 1, 2021Business
Lusophone countries exported 7.2% less to Macau until April
Lusophone countries exported 7.2% less to Macau in the first four months of the year, compared to the same period in 2020
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Mozambique to have an energy production center based on natural gas
Mozambique will have an energy producing center that will contribute to the stability and security of the national electric system, with the construction of the Temane Thermal Power Plant, based on natural gas
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"Mozambique runs the risk of defaulting" - Moody's
Scenario could materialize in 2024 if gas production lags and compromises the expected increase in revenues, says the financial ratings agency
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May 31, 2021May 31, 2021Companies
Vale's coal production falls in first quarter in Mozambique
The production of Vale, the main coal mining company in Mozambique, fell in the first quarter due to maintenance at the industrial complex in Moatize