Browsing: Politics & Economy
Information could be key to protecting citizens from Cabo Delgado attacks, study suggests
‘No sugar mill will be closed in Mozambique’ – minister
The government of Mozambique is guaranteeing that sugar mills in Mafambisse and Xinavane will not be closed and no workers will be laid off, despite financial troubles for the mills’ majority shareholder, trade minister Ragendra de Sousa told
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South Africa’s new justice minister seeks to overturn Chang extradition decision
The decision to extradite former Mozambican finance minister Manuel Chang to Mozambique made by former South African justice minister Michael Masutha in May looks set to be overturned, after the new justice minister concluded that it was unlawful and in violation of Southern African Development [...]
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Mozambique in Eurobond dilemma after ‘binding’ ruling voids EMATUM deal
Mozambique’s government says it is seeking legal advice on the implications of restructuring a sovereign Eurobond that it sold in 2016 to refinance a loan for tuna fishing and offshore security company EMATUM, after the Constitutional Council ruled the [...]
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US adds Mozambique to East Africa counter-terrorism initiative
Mozambique has joined the United States’ main counter-terrorism funding framework for East Africa, following the appearance of a terrorist group in late 2017 in the province of Cabo Delgado where US oil companies Anadarko and ExxonMobil are developing [...]
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BM interest rate cut brings policy into top end of IMF’s ‘normal’ range
The Bank of Mozambique (BM) this week took another step toward ‘normalising’ monetary policy in the country, cutting its policy interest rate for the first time this year to bring it down to the top end of a range that IMF economists say would be [...]
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Renamo in turmoil, with elections and peace on the horizon
Renamo’s participation in this year’s Presidential elections is in doubt after a senior officer in the party’s military wing said the party’s leader, Ossufo Momade, would be killed if he does not stand aside before the deadline to submit candidates for October’s Presidential election.
A [...]
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Gas hook taken out of Mozambique tuna bond
Mozambique has reached a new restructure agreement with the holders of the majority its sovereign bond — bringing forward the amortisation date by two years and paying higher interest rates than the two sides agreed last November, but eliminating a [...]
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Defense minister M’tumuke helped launder Privinvest bribes, evidence shows
Mozambique’s minister of defence, Atanasio Salvador M'tumuke, indirectly benefited from bribe money from the so-called hidden debt case, according to a document seen by Zitamar News
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