The government is not going to intervene in the dispute between the Bank of Mozambique (BM) and Moza Banco, over the BM's intervention to remove Moza from a situation of near insolvency. However, according to the spokesman for the Executive, Inocêncio Impissa, who put forward the government's position yesterday, the windows for this are not completely...
In the second half of 2024, Banco de Moçambique received a total of 809 complaints from customers, of which 528 were against BCI and BIM. Of the total number of complaints made by customers to the national financial system regulator, 304 (37.6%) were against Banco Comercial e de Investimentos (BCI)...
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 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...
The number of adults with bank accounts grew by 1.5% in the fourth quarter of 2024, from 32.5TP3T to 33%, according to data from the Bank of Mozambique report. The report, which is cited in the "O Pais" publication, indicates that the growth is driven by factors such as the introduction of the basic bank account,...
The volume of exports to the rest of the world earned Mozambique 6.1 billion dollars during the third quarter of 2024, which is equivalent to an increase of 218 million compared to the same period in 2023. The data contained in the quarterly Balance of Payments (BoP) bulletin, released last Friday (21),...
In the third quarter of 2024, Mozambique saw an increase of 44.7% in the flow of Foreign Direct Investment (FDI), totaling 2.7 billion dollars when compared to the same period in 2023. According to the data contained in the quarterly Balance of Payments (BoP) bulletin, released last Friday (21) by the Bank of Mozambique...
The Bank of Mozambique (BM) announced this Thursday (06) that it had sanctioned nine credit institutions and financial companies with fines for violating prudential rules, preventing and combating money laundering and terrorist financing, foreign exchange and consumer protection of financial products and services. The sanctions, according to a...
The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided today to lower the MIMO monetary policy interest rate from 12.75%, in force since the end of November, to 12.25%. "In addition, the CPMO decided to reduce the mandatory reserve coefficients for liabilities in national currency, from 39.0% to 29.0%, and in...
The Mozambique Sovereign Fund (FSM), the state entity that will be responsible for managing revenues from natural gas from the Rovuma basin in Cabo Delgado province, is still inoperative. Created a year ago by Law No. 1/2024, of January 9, the Sovereign Fund is still in a "water bath" due to the lack of...