The Bank of Mozambique (BM) considers that the Gross Domestic Product (GDP) should grow moderately in this second quarter of the year
Economy
New cement and clinker factory inaugurated in Maputo
The President of the Republic inaugurated this Wednesday a cement plant in Maputo province, with capacity to produce two million tons per year
Government approves the extinction of the public company Correios de Moçambique
The Mozambican government approved on Tuesday a decree that extinguishes the public company Correios de Moçambique, as part of the plan to restructure the state's business sector
HCB announces 2019 dividend payment to shareholders
Hidroeléctrica de Cahora Bassa (HCB) will proceed, next June, with the payment of around 150 million meticais in dividends to series B shareholders
Fitch Solutions foresees interest rate cut to 12.25% in Mozambique
The consulting firm Fitch Solutions said Monday that Mozambique's central bank is expected to lower its central interest rate by 1 percentage point in the second half of the year, ending the year at 12.25%
Mozambique: Delays in gas and vaccine projects constrain economic growth
British consultancy considers that Mozambique will grow only 1.2% this year, recovering from the 2020 recession, due to the suspension of gas projects, the effects of the pandemic and the slow distribution of vaccines
Ncondezi still waiting for an answer from the government about the project in Mozambique
Ncondezi Energy has updated the market on the Ncondezi 300MW integrated coal-fired power and coal mine project in Tete
Post-Cyclone Recovery: Nearly 900 million meticals credit line for private sector
The government launched, this Thursday in the city of Beira, Sofala, a line of credit of about 900 million meticais for the recovery of the private sector after the cyclones Idai and Kenneth
UK pledges support to Mozambique in developing renewable energy
The United Kingdom's Minister for Investment, Gerry Grimstone, on Wednesday expressed his country's willingness to help Mozambique
Bank of Mozambique maintains monetary policy interest rate at 13.25%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided Wednesday to maintain the monetary policy interest rate
Access Bank Moçambique finalizes purchase of ABC bank
Access Bank Moçambique finalized, on Monday, the acquisition of ABC Bank
Total returns to Mozambique when terrorism situation is "calm
The President of the Republic, Filipe Nyusi, said Tuesday that Total will return to Mozambique when everything is calm
