Businessmen warn that the increase in compulsory reserves required from Mozambican commercial banks could have unpredictable consequences on the financial system...
Economy
Prime rate for June remains at five-year high
The 'prime rate' for credit operations in Mozambique in June will be the same as that of the previous year...
Budget Monitoring Forum satisfied with Chang's extradition to the US
The Budget Monitoring Forum (FMO), an association of Mozambican civil society organizations, on Sunday applauded the extradition...
World Bank supports water supply to vulnerable families in Beira
The Mozambican government announced yesterday in the city of Beira subsidies for needy families to have access to water supply networks...
CIP says leaders' pay cuts are ?insignificant?
The Center for Public Integrity (CIP) considers "insignificant? the cuts in salaries of state leaders, intended to contain the...
Syrah Resources denies illegality in the dismissal of workers in Balama
The company Syrah Resources, which exploits graphite in Cabo Delgado, said yesterday that the expelled workers incurred disciplinary proceedings after...
South Africa assures that it will respect the court's decision to extradite Chang to the US
The South African government has reiterated that it will abide by the Constitutional Court's decision to extradite to the United States...
Portugal's polytechnic institutes showcase research and strengthen relations with companies in Mozambique
The Portuguese polytechnic institutes are on a mission to the USA and Mozambique to strengthen relations with the business world and showcase...
Cost of living may worsen due to excess cash in banks
The Bank of Mozambique (BM) warns that the excess of money in the national banking system can raise the cost of...
Bank of Mozambique stops contributing to fuel imports as of this month
The central bank has revealed that as of June 5th it will stop contributing to the payment of invoices...
Frelimo Caucus says Sovereign Wealth Fund needs more subsidies
The Frelimo parliamentary group defended yesterday, the postponement of the debate on the bill that creates the Sovereign Fund...
Bank of Mozambique maintains Monetary Policy Interest Rate at 17.25%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique (BM) decided to maintain the monetary policy interest rate,...
