One analyst told Zitamar the central bank's actions were probably provoked by Standard Bank having advised clients to short the metical

The decision reflects the Bank of Mozambique’s laser focus on inflation, and inflation only

The Mozambican state has taken its legal claims against the shipbuilder at the heart of the so-called “hidden debts” scandal to the United Kingdom’s Supreme Court

The Bank of Mozambique’s surprise decision to raise interest rates last month has led Standard Bank to cut its growth forecast for this year — and to revise its forecast for the metical, which it now expects to strengthen

Vale and Mitsui, the Brazilian and Japanese giants who jointly own the Moatize coal project and Nacala logistics corridor in Mozambique, are to quit the projects

Mozambican businesses have proven relatively resilient during the coronavirus pandemic, despite the poor design and implementation of schemes supposed to help them

A new government study into how Mozambique will use its domestic gas allocation has already been overtaken by events, as Yara and Shell have both cancelled major projects to use the gas in Cabo Delgado

The Mozambique government needs to be more transparent over how much debt it owes to China, and which institutions it owes that debt to, if it wants to fully benefit from financing relief under the G20’s Debt Service Suspension Initiative, or a longer-term programme with the IMF

The Resource Curse is a much talked about phenomenon, but what about the Presource Curse – when a country’s economy is derailed not by resource exports, but the mere prospect of them

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