Browsing: Business

Business Photo: ZItamar News
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A report on corruption in Mozambique’s business environment has given the country a score of zero out of 100 for its enforcement of laws prohibiting the bribery of public officials, and argues that Mozambican businesses have little incentive to promote [...]

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Business A branch of Barclays Bank in Maputo. Photo © Tom Bowker / Zitamar News
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British banking group Barclays today confirmed its intention to sell its majority stake in its African banking arm Barclays Africa Group Limited (BAGL), in order to reduce its exposure to new rules governing globally significant banks, and to focus on its [...]

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Politics Military escorts have been escorting convoys on Mozambique's highways
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Mozambique’s police force is running an armed escort service for traffic travelling the north-south EN1 highway from the River Save northwards to Muxungue, after a number of armed attacks over recent days which the government says were perpetrated by members of the opposition movement, [...]

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Economy Bank of Mozambique governor Ernesto Gove and the executive board, November 2015. Photo: Bank of Mozambique
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The Bank of Mozambique raised interest rates again yesterday, despite warnings from the International Monetary Fund (IMF) that its actions have little effect on inflation in Mozambique, which hit 11.6% over the past 12 months.

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