Mozambique: Gemfields reports attack near ruby mine
Precious gem producer Gemfields reported an attack close to its ruby mine in Mozambique’s northern Cabo Delgado province on Wednesday (May 21). The company said the attack was closer to….
Category: Economy
Triple crisis leaves 5.2 million in need of help in Mozambique
The United Nations (UN) said that almost 5.2 million people need assistance due to the “triple crisis” in Mozambique, the result of “armed conflict, recurring extreme weather events and months….
Mozambique’s water prices to fall from June
Mozambique’s Water and Sanitation Regulatory Authority (Aura) has adjusted consumer drinking water tariffs downwards, saying that the new tariffs will come into force on June 2. The reduction is over….
Mozambique: Parliament approves VAT exemption on sugar, edible oils and soaps
The Mozambican parliament approved a proposal to exempt sugar, cooking oils, soaps, raw materials, and machinery from these sectors from VAT until December 2025, with the state estimating a loss….
Mozambique: Álvaro Massingue wins CTA elections
Álvaro Massingue has just won the elections for the presidency of the Confederation of Economic Associations of Mozambique. The candidate won 87 votes against 62 for Lineu Candeeiro and 12….
Mozambique raises 206 million dollars with first gas project in the Rovuma basin
Mozambique has raised 206 million dollars (183 million euros) from the first Liquefied Natural Gas (LNG) project, produced by the Coral Sul platform in ultra-deep waters in the Rovuma basin…..
Mozambique and Tanzania relaunch economic cooperation
The President of the Republic of Mozambique, Daniel Chapo, has chosen Tanzania for his first state visit abroad since taking office at the beginning of the year. This is a….
Mozambique: Mozambique Airlines reinforces its aircraft fleet
Mozambique Airlines (LAM) has increased the number of passenger and cargo aircraft in its operations. According to a statement from the company, the Boeing 737-500 aircraft is temporarily part of….
Mozambique: Cost of debts left by previous two presidents almost 1 trillion Meticais
The external and internal debts, approximately 1 trillion Meticais, contracted by previous Mozambique Presidents Armando Guebuza and Filipe Nyusi, will cost around 120 billion Meticais in 2025 alone, more than….
Mozambique: Problems within the Confederation of Economic Associations elections
The controversy surrounding the elections at the Confederation of Economic Associations of Mozambique (CTA) continues to generate a lot of ink. Yesterday, the Beira Commercial Association (ACB), led by businessman….
Mozambique commits to investing in economic infrastructure
The President of the Republic, Daniel Chapo, says that the country will invest in improving the operating conditions of ports, airports, railways, and roads, increasing the supply of water, electricity,….
Mozambique and IMF may negotiate new financial program
The Mozambican government and the International Monetary Fund (IMF) intend to negotiate a new financial agreement. An IMF statement quoted by Rádio Moçambique (RM) said that an IMF team, led….
Mozambique: 226 public assets destroyed in recent months
In Mozambique, at least 226 public administration infrastructures were destroyed by cyclones and post-election protests in seven provinces, the government said, planning to mobilize “specific resources” for reconstruction. Mozambique has….
Mozambique: LNG project drives meaningful change in biodiversity conservation
The Mozambique LNG project, operated by TotalEnergies, exemplifies how private sector engagement can drive meaningful change in biodiversity conservation. Despite the project’s force majeure status, its biodiversity programmes have remained active, delivering measurable….
Mozambique: Entrepreneurs demand business for nationals for North Coral Gas
Entrepreneurs in Mozambique are calling for a working group to be set up, made up of operators, the government, and the private sector, to design specific projects that can be….
Prices in Mozambique rose slightly from February to March
Prices in Mozambique rose slightly, 0.06%, in March, mainly due to footwear and clothing. Year-on-year inflation reached 4.77%, according to data from the National Statistics Institute (INE). This is the….
Mozambique facing fuel supply difficulties for several days
Mozambique’s government said on Friday that fuel reserves are “assured” and that the lack of product in various parts of the country is due to problems with distributors’ bank guarantees. Across….
Bank of Mozambique expects further economic downturn in the first quarter
The Bank of Mozambique estimates that the Mozambican economy fell again in the first quarter of the year due to the post-election social unrest, but at a slower pace, predicting….
There is a fuel crisis in Mozambique
Several Mozambican provinces are facing fuel shortages. The government is aware of the situation but guarantees that the port terminals are stocked up. There is no clarity about what is….
Mozambique plans to increase natural gas production by 500% in five years
Mozambique plans to increase its production of Liquefied Natural Gas (LNG) by 500% in five years, to 20 million tons per year (mtpa), according to data from the Government’s Five-Year….
Mozambique wants to impose rules on the use of mineral resources
The government of Mozambique has admitted to imposing rules on the use of mineral and energy resources, indicating that they should benefit the country, and has expressed an interest in….
TotalEnergies supports Mozambique’s human rights abuses investigation
Energy giant TotalEnergies has expressed its support for the commencement of official investigations by Mozambican authorities into allegations of human rights abuses by the country’s Defence and Security Forces in….
Mozambique: Public debt could jeopardize 2025 state budget
The government of Mozambique warns that the country’s current Public Debt is on a strong upward trend and fears that it could jeopardize this year’s State Budget. For this reason,….
USA loans US$4.7 billion to Mozambique liquified natural gas project
TotalEnergies’ massive liquified natural gas (LNG) project in Mozambique is to receive a US$4.7-billion loan, a lifeline for the “carbon bomb” fossil gas plant long-delayed by insurgent Islamist terrorists in….
Mozambique had 145 work-related accidents in the last quarter of 2024
Mozambique recorded 145 work-related accidents in the last quarter of 2024, a reduction of 5.1% compared to the third quarter of the year when 204 cases were recorded, according to….