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Mozambique’s 8th Energy Summit Opens
Carlos Zacarias, the Energy Minister, opened the 8th Mozambique Energy and Gas Summit this week.
He called it a stage for "finding new opportunities." The...
Moody’s Revises Mozambique’s Outlook to Stable
Moody's, a leading financial firm, has shifted Mozambique's economic outlook from positive to stable.
The change anticipates further delays in both domestic debt payments and...
Mozambique Keeps 17.25% Interest Rate
Mozambique's Central Bank held its key interest rate steady at 17.25% last Friday. The bank cited increasing inflation uncertainties as the main reason.
Even so,...
U.S. and Mozambique Strike $537M Infrastructure Deal
Today, a crucial deal was signed on Capitol Hill in Washington, D.C. Alice Albright, CEO of the Millennium Challenge Corporation (MCC), joined Filipe Nyusi,...
Mozambique Rises in Clean Energy with Graphite
Mozambique is advancing in the global graphite market with its northern Niassa mine, which is 80% complete.
The mine will open by 2024. China’s DH...
$20M Grant Aids Mozambique’s Green Farming and Governance
The Board of the African Development Fund approved a $19.98 million grant for Mozambique.
This money is the first part of the fund's two-phase financial...
Group claims killing of 11 in Northern Mozambique
An Islamic State terrorist organization has claimed to have executed 11 Christians in Mozambique's Mocímboa da Praia district.
The group also says they targeted local...
Fewer Mozambique Families Face Severe Hunger
Only 9% of Mozambique households faced acute food shortages in 2022, down from 30% in 2019. The Stats Office reported this drop.
Cabo Delgado has...
SADC and Rwanda Curb Rebellion, Boost Mozambique Gas
A regional military team has weakened insurgent attacks in northern Mozambique. This area is crucial for a US$20 billion natural gas venture.
Major M.K. Letshwiti,...
Inflation Slows Yet Prices Remain High in Mozambique
For the fourth month, Mozambique saw lower inflation rates, but living costs haven't dropped.
The August Consumer Price Index (CPI) was 4.93%. This is down...
Mozambique’s Leader Calls for Vietnamese Investment
Mozambique's President Filipe Jacinto Nyus met Vietnam's Vice President in Maputo. The meeting was part of her four-day work visit.
The aim was to strengthen...
Mozal Mozambique Boosts Aluminum Output by 40K Tonnes This Year
Mozal, a factory near Maputo, aims to hike its aluminum output by 40,000 tonnes this fiscal year.
General Director Gil Cumaio states the new target...
Mozambique Seeks to Exit Global Financcial ‘Grey List’
Mozambique aims to leave the Financial Action Task Force's "grey list." This list focuses on money laundering and terrorist funding.
Officials have submitted 15 new...
Central Bank chief says Mozambique has high debt, low savings
Rogério Zandamela, Mozambique's Central Bank head, says the country has built up big debt without enough savings.
He spoke at Maputo's Polytechnic University, stressing the...