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Economy

12. September, 2018 0

Mozambique government forecasts 4.7% growth, 6.5% inflation in 2019

The Mozambique government expects the country’s GDP to grow by 4.7% in 2019, but will need to borrow MZN 80 billion (around $1.4bn) internally and externally to fund planned public expenditure, it announced yesterday, .

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Economy

11. September, 2018 0

Mozambique inflation tops 5% following currency weakness

Mozambique’s official annual inflation rate breached 5% last month, driven by price rises in fuel - particularly petrol - and mains water, according to the statistics authority. The increase in fuel prices may have [...]

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Business

Bank of Mozambique governor Rogerio Zandamela announcing the latest monetary policy decisions on 30 August 2018. Photo: Bank of Mozambique

31. August, 2018 0

Bank of Mozambique keeps cautious stance ahead of election season

The Bank of Mozambique’s monetary policy committee (CPMO) yesterday kept its central lending and deposit rates steady, in the face of uncertainty over what effect the coming electoral cycle will have on inflation.

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Economy

EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News

8. August, 2018 0

Mozambique debt proposal would violate government’s position on gas

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

8. August, 2018 0

Mozambique borrows $15.5m from domestic banks in T-bond auction

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 [...]

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Economy
1. August, 2018 0

Mozambique electric company head to return to African Development Bank

Mateus Magala, the chairman of Mozambique’s state-owned power company EDM, has decided to return to the African Development Bank (AfDB) as vice president for corporate services and human resources. According to the [...]

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Economy
26. July, 2018 0

EU agrees to redirect €290m frozen budget support to Mozambique sectors

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
25. July, 2018 0

Mozambique government could face fiscal crisis after T-bond auction failure

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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Commerce
3. July, 2018 0

Heroin is ‘Mozambique’s second-biggest export’ – report

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Business
19. June, 2018 0

Mozambique FDI continues downward trend into 2018

Foreign direct investment in Mozambique was down 38% in the first quarter of 2018 compared to Q1 2017, the Bank of Mozambique said yesterday, continuing a trend which saw FDI fall more than a quarter from 2016 to 2017.
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Intelligent news from Mozambique

Vale mine shut-down continues following community ‘invasion’

Sasol donates $40m to Mozambique ahead of new contract signing

Frelimo holding company sells cement plant stake in $85m deal

New Fastjet funding crisis overshadows Mozambique expansion plans

Insurgents and poor rain threaten to escalate Mozambique’s food crisis

Journalist in hiding after revealing Frelimo fraud in Moatize election

Vale mine shut-down continues following community ‘invasion’

Sasol donates $40m to Mozambique ahead of new contract signing

Frelimo holding company sells cement plant stake in $85m deal

New Fastjet funding crisis overshadows Mozambique expansion plans

Insurgents and poor rain threaten to escalate Mozambique’s food crisis

Journalist in hiding after revealing Frelimo fraud in Moatize election

Browsing: Economy

Mozambique government forecasts 4.7% growth, 6.5% inflation in 2019

Mozambique inflation tops 5% following currency weakness

Bank of Mozambique keeps cautious stance ahead of election season

Mozambique debt proposal would violate government’s position on gas

Mozambique borrows $15.5m from domestic banks in T-bond auction

Mozambique electric company head to return to African Development Bank

EU agrees to redirect €290m frozen budget support to Mozambique sectors

Mozambique government could face fiscal crisis after T-bond auction failure

Heroin is ‘Mozambique’s second-biggest export’ – report

Mozambique FDI continues downward trend into 2018

Zitamar Daily Briefing, 12 October 2018