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Workers on a gas rig offshore Mozambique. Photo: Anadarko

14. December, 2018 0

Mozambican insurers excluded from major Anadarko contract

Mozambican insurers will be excluded from a multi-million dollar contract for the Anadarko-led LNG project in Mozambique, as no local firm meets the tender requirements, Zitamar

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Business

Governor Rogerio Zandamela, left, answering questions from a parliamentary committee chaired by Eneas Comiche, facing Zandamela. Photo © Antonio Nhangumbe, 20 November 2018

20. November, 2018 0

Bank of Mozambique governor puts ATM blame on ‘debilitated’ software provider

A replacement software provider for Mozambique’s ATM and card payments system should arrive in Mozambique this week for “accelerated negotiations” with a view to restoring services which have been out of action since Thursday night, central bank governor [...]

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Business

16. November, 2018 1

Banking system failure causes payment crisis in Mozambique

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Finance

24. October, 2018 0

Former Mozambican labour minister indicted in $1.6m corruption scandal

Mozambique’s former labour minister - currently the country’s ambassador to Angola - has been accused by state prosecutors of receiving MZN 100 million ($1.64m) in corrupt payments while serving in the government of Armando Guebuza up to the end of 2014, [...]

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Business

The Emose building in downtown Maputo. Photo via Facebook

23. October, 2018 0

Erik Prince teams up with Emose to insure Chinese companies in Mozambique

Frontier Services Group, the Chinese security and logistics company chaired by Erik Prince, is working with Mozambique’s state-owned insurance company, Emose, to sell insurance to Chinese companies operating in Mozambique,
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Business
5. September, 2018 0

Moza Banco to buy Banco Terra as Arise consolidates its Mozambican banks

Moza Banco has made an offer to completely take over Banco Terra, a deal intended to consolidate two of development finance investor Arise’s investments in Mozambique. Arise this week agreed to buy a 45.78% stake [...]

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Business
31. August, 2018 0

Bank of Mozambique keeps cautious stance ahead of election season

The Bank of Mozambique’s monetary policy committee (CPMO) yesterday kept its central lending and deposit rates steady, in the face of uncertainty over what effect the coming electoral cycle will have on inflation.
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Economy
8. August, 2018 0

Mozambique borrows $15.5m from domestic banks in T-bond auction

The Mozambique government raised more than MZN 900 million (roughly $15.5m) at a Treasury bond auction on Tuesday, exceeding its MZN 700m target after it cancelled the last auction in June due to a lack of demand. NOTE: The Mozambique stock exchange, the BVM, having initially said that [...]

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Economy
25. July, 2018 0

Mozambique government could face fiscal crisis after T-bond auction failure

Mozambican banks are increasingly unwilling to lend money to the state to help cover its budget deficit, which could lead to a renewed public spending crisis in the runup to elections and threatens the Bank of Mozambique’s efforts to combat inflation and [...]

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Business
18. July, 2018 0

Japanese insurer inks Mozambique partnership with ICE Seguros

The European arm of Japan’s Mitsui Sumitomo Insurance Company (MSI) has signed a partnership agreement with Mozambique-based ICE Seguros to target Japanese corporate customers in Mozambique. MSI said “sizeable [...]

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Intelligent news from Mozambique

Mozambican insurers excluded from major Anadarko contract

Mozambique extends Cahora Bassa dam concession to 2048

Frelimo holding company sells cement plant stake in $85m deal

Mozambican insurers excluded from major Anadarko contract

Keeping girls in class and men on drugs – the battle against HIV in Mozambique

US calls for ‘remedy’ to fraudulent Marromeu election

Mozambican insurers excluded from major Anadarko contract

Mozambique extends Cahora Bassa dam concession to 2048

Frelimo holding company sells cement plant stake in $85m deal

Mozambican insurers excluded from major Anadarko contract

Keeping girls in class and men on drugs – the battle against HIV in Mozambique

US calls for ‘remedy’ to fraudulent Marromeu election

Browsing: Finance

Mozambican insurers excluded from major Anadarko contract

Bank of Mozambique governor puts ATM blame on ‘debilitated’ software provider

Banking system failure causes payment crisis in Mozambique

Former Mozambican labour minister indicted in $1.6m corruption scandal

Erik Prince teams up with Emose to insure Chinese companies in Mozambique

Moza Banco to buy Banco Terra as Arise consolidates its Mozambican banks

Bank of Mozambique keeps cautious stance ahead of election season

Mozambique borrows $15.5m from domestic banks in T-bond auction

Mozambique government could face fiscal crisis after T-bond auction failure

Japanese insurer inks Mozambique partnership with ICE Seguros

Zitamar Daily Briefing, 14 December