The US export credit agency has agreed to provide a US$4.7bn loan for TotalEnergie’s controversial Mozambique LNG project, reinstating its support after years of delays and amid ongoing security risks….
The Swedish government has pledged to disburse 11 million dollars to fund a project aimed at expanding access to electricity in Mozambique’s rural areas over the next five years. The….
Almost 210 enterprises began operating in Mozambique’s tourism sector in 2024, despite the downturn in activity due to post-election unrest that has been taking place throughout the country since October…..
According to an estimate by the Confederation of Economic Associations of Mozambique (CTA), almost a thousand Mozambican companies have been affected by the post-election demonstrations since October, which have impacted….
The Energy Regulatory Authority (ARENE) announced a reduction in regulated oil prices, with the most significant reduction being in the cost of petroleum, by 17 meticais. The price of light….
The Confederation of Economic Associations of Mozambique (CTA) warned in a statement of the growing currency crisis in the country, revealing that 63 companies reported difficulties in making payments abroad,….
The index that measures business confidence in Mozambique improved in January but remains in negative territory since the post-election protests, which resulted in hundreds of deaths and a downturn in….
This year, Mozambique will start producing vaccines and large-volume injectables, which will guarantee the timely availability of these drugs in the National Health Service (SNS) for the prevention of diseases,….
The Cahora-Bassa Hydroelectric Company (HCB) plans to contribute around 18 billion Meticais (about 281,7 million USD) to the state coffers this year. The HCB Board of Directors chairman announced this….
In Mozambique, the COVID-19 pandemic has thrown at least 39,500 workers out of their jobs, according to Labour and Social Security Minister Margarida Talapa. Speaking on Thursday in the northern….
More than 15 companies are at risk of closing their doors due to the difficulty of making imports associated with the shortage of foreign currency in the country. The information….
The president of Mozambique’s Confederation of Economic Associations (CTA) said that the post-election protests “almost destroyed” 40% of the country’s industrial fabric, and therefore defended a sound macroeconomic policy in….
Mozambique wants to promote a sustainable bond issuance market on the stock exchange, to finance projects in the blue or green economy, known as “Green Bonds” and “Blue Bonds”, as….
Mozambique’s international bonds tumbled earlier this week after a news report that the new government in Maputo is weighing a debt restructuring following months of post-election turmoil. Although Mozambique’s public….
Sasol reported a slight fall in first-half mining production but a rise in natural gas output as it backed its full-year guidance for both divisions. The South African chemicals-and-energy group….
The President of Mozambique, Daniel Chapo, predicts that after the setbacks caused by the post-election protests, the country will get back on its feet and start down the road to….
Prices in Mozambique rose by 1.6% in December, double November’s 0.72%, with inflation in 2024 closing at 4.15%, according to data released by the National Statistics Institute (INE). According to….
The Industrial Association of Mozambique (AIMO) warned that the post-election crisis, characterized by strikes, mass demonstrations, and looting since 21 October, is jeopardising future investments in the industry. According to….
Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi River, in the western Mozambican province of Tete, achieved, over the last nine months,….
Maputo International Airport is closed. Passengers who arrived during the night were forced to leave the premises on foot with their luggage to leave the premises. No one is allowed….
Airlink announced the cancellation of January 7 flights to Nampula in Mozambique following a claim for damages instituted by the province’s court. The instituting of the claim was accompanied by….
In Mozambique, the prices of essential services and products have risen by 2.84 per cent since November last year. According to INE, Quelimane recorded the highest price increase with around….
Companies in the hotel sector in Mozambique and their service providers have already lost more than 500 million meticais (almost 7.8 million USD) due to the post-election protests. The hotel….
More than 12,000 Mozambicans have lost their jobs due to the closure of companies and industries that were looted and vandalized during the country’s post-election protests. If the scenario continues….
The capitalisation of the Mozambique Stock Exchange grew in the third quarter of 2024 year-on-year to 202.303 billion meticais, the equivalent of 28.12% of the country’s Gross Domestic Product. According….