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Border Wall Expansion in South Africa Against Mozambique

South Africa's KwaZulu-Natal region is pushing forward with the construction of a concrete wall along the Mozambique border, aiming to tackle vehicle theft and...

Mozambique Ruby Production Falters

In the latest development, Mozambique's ruby production experienced a significant decline in 2023, reaching only 2.7 million carats. This represents a 36% decrease from the...

Islamic Militants Displace 80,000 Christians in Mozambique

In the northern province of Cabo Delgado, Mozambique, armed Islamic radicals have launched a series of violent attacks. These assaults have driven 80,000 people, predominantly...

Mozambique’s Natural Gas Exports Triple in 2023

In 2023, Mozambique's natural gas exports skyrocketed, hitting $1.726 billion, tripling the figures from 2022 and potentially overtaking coal as the nation's prime export. The...

Mozambique Achieves Record Gold Production in 2023

In 2023, Mozambique broke records by producing over 1.6 tons of gold, surpassing both previous and expected figures for the next year. The Ministry of...

Islamic State’s Deadly Surge in Mozambique Claims 70 Lives

The Islamic State (IS) has taken credit for 27 assaults on villages in Mozambique's Chiùre district, killing 70 people. Alongside the loss of lives, IS's...

Mozambique’s Revenue Sees 13% Surge in 2023

In 2023, Mozambique witnessed a significant 12.7% growth in state revenue, amounting to 321.921 billion meticais (€4.675 billion), largely due to increased tax collections. This...

New Crisis Unfolds as Hundreds Escape Terror in Mozambique

In just five days, over 800 people fled their homes in Cabo Delgado, Mozambique, due to terrorist attacks. The International Organization for Migration (IOM) reported...

Mozambique Aims for Universal Energy Access by 2030

Mozambique is on a mission to secure universal energy access by 2030. The plan involves both expanding the electrical grid and embracing off-grid solutions. This...

Mozambique’s Gas Reserves to Generate $100 Billion

Deloitte forecasts Mozambique's natural gas reserves could yield $100 billion, signaling the nation's key role in the energy shift. Set to be among the world's...

China’s Vital Role in Mozambique’s Development

Over the past decade, China has become Mozambique's top infrastructure partner, achieving significant milestones. Highlighted projects, like the Maputo-KaTembe project, the longest African suspension bridge,...

Mozambique’s Stable Growth and Debt Outlook

Fitch keeps Mozambique's rating at CCC+, noting debt reduction and growth from LNG projects. The country faces credit risks due to high debt and governance...

Mozambique Tackles Rising Debt

Mozambique's Central Bank warns of increasing domestic debt, now at 320.6 billion meticais, roughly $5.02 billion. This significant rise, an 8.3 billion meticais jump since...

Mozambique’s Strategic Interest Rate Reduction

The Bank of Mozambique, aiming to stabilize the economy, has reduced its MIMO interest rate from 17.25% to 16.50%. This decision, made during the bank's...

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