Browsing: Economy

Economy
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Electricity exports key to Mozambique’s development, says minister

Power exports to neighbouring countries should be one of four pillars on which development of the Mozambican economy is built – and coal and gas will be a bonus when they start generating money, Mozambique’s transport minister told a conference in London [...]

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Economy
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Mozambique sweetens EMATUM offer and waits for investors to bite

The Mozambique government has offered EMATUM bond investors an interest rate of 10.5% per year on up to $585.5 million worth of new government debt, to be repaid in 2023. The bond will be offered in exchange for the existing $697 million in EMATUM bonds [...]

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Economy
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S&P, Moody’s downgrade conflict-hit Mozambique ahead of ‘tuna bond’ restructure

Credit rating agencies Standard & Poor’s and Moody’s yesterday downgraded Mozambique’s sovereign rating to CC on the expectation that the government’s attempt to restructure the outstanding $700 million of the controversial EMATUM debt will count as a [...]

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