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

The deteriorating security situation in Cabo Delgado in northern Mozambique is enabling drug traffickers “to thrive,” according to the US Bureau of International Narcotics and Law Enforcement Affairs

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

Atlas Mara is looking for a new buyer for BancABC in Mozambique after Kenya's Equity Group pulled out, citing the economic effects of covid-19

Mozambique has finally got a cabotage service back up and running, to take cargo the length of its coastline — from Maputo in the south to Afungi in the north

Mozambique has closed down a fishing venture and ended defence and security cooperation with North Korea — and asked for help to replace healthcare capacity it will lose by sending 97 North Korean doctors home

The measure has not been implemented before now to allow Mozambican nationals, and foreigners with Mozambican residency, to return to Mozambique

Mozambique — and in particular Maputo — are trying to ascertain the impact that South Africa’s three-week lockdown will have this side of the border