Mozambique: President launches digital inclusion project
The President of Mozambique, Daniel Chapo, launched the Internet for All by 2030 Project to guarantee free internet access for the entire population by the end of the decade. The….
Tag: economy
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….
US export credit agency agreed to provide a US$4.7bn loan for TotalEnergie’s Mozambique LNG project
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….
Sweden pledges 11 million dollars for electricity expansion in Mozambique
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….
Mozambique cuts fuel prices
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….
Mozambique’s CTA points to a deficit of 373 million dollars and urges the BM to act urgently
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,….
Business confidence index improves in Mozambique but still negative
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….
Mozambique’s HCB to contribute around 18 billion Meticais
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….
COVID-19 pandemic costs 39,500 jobs in Mozambique
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….
Lack of foreign currency could lead to company closures in Mozambique
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….
Protests ‘almost destroyed’ 40% of industrial fabric
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 will issue green bonds and blue bonds on stock exchange
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….
Temporary suspension of US aid “forces” Mozambique to use its own means
Some Mozambican political analysts believe that the US President’s decision to suspend foreign assistance for three months could hurt the country, especially in the health sector, which benefits from 400….
How serious is Mozambique’s financial crisis?
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….
Mozambique ex-finance minister sentenced in US to 8 and half years in prison
Former Mozambique’s finance minister was sentenced on Friday (17 Jan) to 8 and a half years in prison after being found guilty of participating in a fraud involving $2 billion….
2024 inflation closed at 4.15% in Mozambique
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….
Post-election crisis in Mozambique jeopardizes future investments in industry
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….
Mozambique’s Cahora Bassa Records Profit of 201.8 million USD
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,….
In Mozambique prices rise by 2.84 per cent in the last year
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….