The Bank of Mozambique held its policy rate at 15.25% after the war in Ukraine helped push inflation to 7.9% in April

Western Union has suspended money transfers for people in, and from, Cabo Delgado — apparently for fear of terror financing, though neither it nor the regulator has said why

The historic company has asked lenders to write off 35% of bonds that were due to be repaid this year

Standard Bank has traded accusations with the Bank of Mozambique over who was responsible for a dramatic fluctuation in the value of the metical in April this year

One analyst told Zitamar the central bank's actions were probably provoked by Standard Bank having advised clients to short the metical

The entire coast of Cabo Delgado, and all waters within 50 nautical miles of the shore, have been designated ‘Listed Areas’ by the Lloyd’s Market Association Joint War Committee — meaning ship owners will be required to notify their insurance underwriters of voyages in that area

Nigerian-based Access Bank is to buy BancABC in Mozambique from Atlas Mara, after a proposed sale to Kenya’s Equity Group fell through earlier this year

The Bank of Mozambique held interest rates steady on Thursday, due to increased concerns over inflation and increased pressure on public finances caused by conflict in Cabo Delgado and the coronavirus pandemic

Residents of Cabo Delgado are forced to travel long distances to access banking services, as branches across the province have either been destroyed or shut down as a result of the insurgency on top of the devastation wrought by Cyclone Kenneth in April 2019

HCB bought a 7.5% stake in itself from its majority owner, EDM, in order to list on the Mozambican stock market last year