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TotalEnergies Faces Lawsuit Over Mozambique Attack
Victims and their families are suing TotalEnergies for last year's terror attack in Palma, Mozambique.
Some company employees are among over 1,000 dead or missing....
Mozambique’s Final Push for Local Elections
Today, Mozambique wraps up its local election campaign for October 11, with twenty-two groups making their final voting appeals.
Meanwhile, questions about electoral trust linger....
Mozambique’s Bank Reserves Soar Amid Central Bank Moves
Due to Mozambique's central bank's actions, bank reserves have soared by 277%, now totaling €3,491 million ($3,735.37 million).
Initially, the bank set reserves at 10.5%...
Mozambique Boosts Carbon Market with Global Partners
Mozambique's Ministry of Land and Environment announced a new plan to take action in the carbon market.
This plan aims to regulate carbon trading. The...
UBS Close to $100M Mozambique Debt Settlement
UBS Group is nearing a deal with Mozambique to forgive about $100 million in debt. The Mozambican attorney general could announce this agreement next...
Mozambique Airline Plans Fleet Expansion by 2027
Mozambique Airlines (LAM) aims to double its aircraft count to 22 by 2027, says the Operations Director.
Speaking in Inhambane, he revealed plans to add...
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...