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%
January 31, 2024Section
Eastern Africa
Eastern Africa – Kenya, Ethiopia, Tanzania, Uganda and Rwanda – is the continent’s fastest-integrating bloc, a hub for tech, logistics, ports and a rising consumer class along the Indian Ocean trade routes. The Rio Times tracks the region’s growth, currencies, infrastructure megaprojects, and the contest among China, the Gulf and the West for influence. This hub gathers our daily Eastern Africa coverage through a business and investment lens.
Browse by themeAfrica Critical Minerals · Africa Energy · Africa Markets & Investment · Africa & Latin America · Africa & the Great Powers · Doing Business & Living in Africa
Maputo Port Upgrade Boosts East and South African Trade
Maputo Port, managed by the Maputo Port Development Company (MPDC), is gearing up to double its cargo volume by 2058.
January 27, 2024
Mozambique-Zambia Defense Alliance
Mozambique and Zambia are joining forces to improve defense and security. Their goal is to address regional challenges in southern...
January 23, 2024
Mozambique Needs to Invest $37B to Tackle Climate and Poverty Risk
The World Bank forecasts that climate change will intensify Mozambique's developmental challenges in the coming years.
January 18, 2024
Modernizing Africa: The Drive for Improved Infrastructure
Africa's economic development potential is closely linked to infrastructure modernization in its changing landscape.
January 17, 2024
Sub-Saharan Africa’s 2024 Global Economic Rise
In 2023 and 2024, Sub-Saharan Africa is poised for a diverse economic trajectory, showing signs of growth amidst global economic...
January 10, 2024
New Horizons in Mozambique-India Cooperation
Mozambique and India have taken a significant step in bolstering their cooperative relationship at a private meeting.
January 9, 2024
Vatican’s Stance on Same-Sex Blessings Faces African Resistance
Pope Francis' decision to authorize blessings for same-sex couples has stirred a global debate within the Catholic Church.
January 8, 2024
Ethiopia’s Struggle with Escalating Teff Prices
Since 2023, teff prices in Ethiopia have surged to 10,000 birr per quintal in some areas, pushing millions toward food...
January 5, 2024