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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...

Mozambique greenlighted 742 state projects valued at US$6.2 billion

Mozambique greenlighted 742 state projects valued at US$6.2 billion in the last two years, says Trade Minister Silvino Moreno. He also noted the need for...

Nearly half of Mozambique families lack any electricity at home

Nearly half of Mozambique families lack any electricity at home, and for those that do, almost 20% rely on solar panels for self-consumption, according...

Conflict in Mozambique’s Cabo Delgado continues despite death of rebel leader

The conflict in Mozambique's Cabo Delgado continues despite the death of rebel leader Bonomade Machude Omar. Mozambican researchers have expressed doubt that the killing of...

Mozambique’s green revolution: unlocking hydrogen potential at Africa’s energy frontier

Mozambique, located on the southeastern coast of Africa, is abundant in natural resources and has been steadily working to modernize its energy sector. The Portuguese-speaking...

Mozambique’s Q1 employment growth exceeds expectations amid robust economy

In the first quarter of the year, Mozambique reported the creation of nearly 63,000 jobs, surpassing initial expectations. However, this only represents 16% of the...

Mozambique’s first quarter foreign direct investments drop 66.8%, with South Africa making most investment

Foreign Direct Investment (FDI) in Mozambique saw a drop of 66.8% in the first quarter, compared to 2022, amounting to US$460.1 million. According to the...

Mozambique’s GDP rises 4.67% in Q2, led by mining and agriculture

Mozambique's Gross Domestic Product (GDP) saw a rise of 4.67% in the second quarter, driven primarily by the primary sector, as reported by Mozambique's...

WaterAid’s pledge of US$2.6: expanding access to clean water in Mozambique by 2030

The British non-governmental organization (NGO), WaterAid, has committed to invest €2.3 million to broaden access to clean water in Mozambique. This comes as part of...

Economic trends and family dynamics: a deep dive into Mozambique’s urban-rural divide

A recent report from Mozambique's Instituto Nacional de Estatística (INE) reveals shifts in family economic patterns. Between 2019/2020 and 2022, rural households saw an expenditure...

Mozambique’s government revenue up 8.8% in first quarter 2023

Mozambique's state revenue grew 8.8% in the first quarter, reaching 65.054 billion meticais (931 million euros). This growth was primarily driven by a 3.1% increase...

Mozambique to repair key road in conflict-torn Cabo Delgado

The Mozambican government is set to repair the road between Macomia and Mucojo administrative post in Cabo Delgado province. This road has suffered damage due...

Mozambique’s president wants to strengthen economic cooperation with Russia

Mozambique's President, Filipe Nyusi, has expressed interest in amplifying business investments to boost economic cooperation with Russia. This statement came during a meeting with his...

Mozambique’s central bank keeps interest rate at 17.25%

The Bank of Mozambique's Monetary Policy Committee (CPMO) has announced that the monetary policy interest rate, also known as MIMO, will remain at 17.25%. This...

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