Browsing: Politics & Economy

Politics Filipe Nyusi shakes hands with Renamo fighters, accompanied by Afonso Dhlakama in Gorongosa, 19 February 2018. Photo: Office of the President
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Mozambican President Filipe Nyusi today announced the establishment of four groups or commissions to oversee the demilitarisation of armed opposition group Renamo, and promoted three officers who had joined the armed forces from Renamo following the [...]

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Politics The Praça da Independência, Maputo, features a statue of Mozambique's first president, Samora Machel, in front of the city hall. Photo © Tom Bowker / Zitamar News
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Samora Machel Jr. entered the race for mayor of Maputo today, the final day for registering candidates for 10 October municipal elections, as the head of the list for the Youth Association for Development in Mozambique (AJUDEM), a civil society group. [...]

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Mozambique's Northern Insurgency A sign to Pundanhar, Cabo Delgado. Photo © Pinnacle News
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The Mozambican armed forces (FADM) attacked a base used by insurgents in Cabo Delgado province this week, marking the start of a new offensive aimed at wiping out the Islamist-inspired insurgency, Zitamar News understands.

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Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
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The latest proposal to restructure Mozambique’s $727 million eurobond will face strong resistance from the Mozambican government which has previously told creditors it is unwilling to given them a cut of gas revenues, Zitamar News has learned. A group of [...]

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Economy Maputo's downtown financial district. Photo © Tom Bowker / Zitamar News
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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 the [...]

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Politics Filipe Nyusi making his declaration to the nation, 6 August 2018. Photo © Alexandre Nhampossa / Zitamar News
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Mozambican president Filipe Nyusi has signed a memorandum of understanding with the interim leader of Renamo, Ossufo Momade, to set out the next steps towards Renamo’s demilitarisation and disarmament, and the integration of its fighters into Mozambique’s [...]

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Economy EU Ambassador Sven Keuhn Von Burgsdorff lands a parachute with an EU flag in Maputo, 2016. Photo: EU Delegation in Mozambique Facebook page
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The European Union last week agreed to redirect around €290 million ($339m) in aid for Mozambique, that it froze in 2016 in the wake of revelations of $2 billion in government-guaranteed debts, towards projects in specific sectors in [...]

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Economy Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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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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