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Finance Bank of Mozambique governor Ernesto Gove and the executive board, November 2015. Photo: Bank of Mozambique
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The Bank of Mozambique has denied it has any intention to forcibly convert dollar-denominated accounts at Mozambican banks into meticais, insisting everything it is doing to stabilise the currency is in line with existing foreign exchange [...]

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Aid Nyeleti Mondlane, right, signing an EU aid package for Mozambique, November 2015
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The European Union on Thursday signed an agreement to give Mozambique €734 million in aid through 2020, with the twin aims of strengthening democracy and good governance and rural development. While some will be spent on projects run by non-governmental organisations, an unspecified portion [...]

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Transport Nacala Port. Photo © Zitamar News
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Mozambique is inviting bids for construction work on the next development phase of Nacala port in the north of the country, funded through a 29 billion yen ($238 million) loan from the Japan International Cooperation Agency, or JICA. The project is expected by industry sources to be the [...]

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