mozambique

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,...

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'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...

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...

Mozambique and Zambia are joining forces to improve defense and security. Their goal is to address regional challenges in southern Africa. The partnership began at...

The World Bank forecasts that climate change will intensify Mozambique's developmental challenges in the coming years. By 2050, poverty rates could rise by five percent,...

Mozambique and India have taken a significant step in bolstering their cooperative relationship. A private meeting between Mozambican President Filipe Nyusi and Indian Prime Minister...

In the last quarter of 2023, Standard Bank's Purchasing Managers' Index (PMI) reported a decline in Mozambique's private sector economic activity. The PMI is a...

Mozambique's army, under Major General Tiago Nampele, has made significant headway in Cabo Delgado against terrorism. The army has reclaimed over 90% of the territory...

On Friday, Mozambique took a significant step by establishing the Mozambique Sovereign Fund (FSM). Fueled by natural gas revenues, the fund marks a crucial development...

Mozambique's 2024 state budget heralds a significant shift towards strengthening its economy. With a 15% increase in spending, totaling 542.7 billion meticais ($7.8 billion), the...

Renamo, Mozambique's main opposition party, is taking decisive legal action following the controversial local elections on October 11. The party plans to stop the repeat...

The World Bank has flagged The Gambia's and Mozambique's state-owned enterprises (SOEs) as a financial hazard to the nation's economy. In a detailed study, they...

In 2022, Mozambique's Cahora Bassa Hydroelectric Plant (HCB) achieved its highest electricity production in five years, generating 15,753.5 gigawatt-hours (GWh). This marked a 5.1% increase...