The group of international investors who lent Mozambique $850 million in 2013 for the controversial EMATUM deal have agreed to accept the Mozambique [...]
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 [...]
Mozambique’s government is currently working to revise new tax rates which are threatening to put small miners out of business, Zitamar News has learned.
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 [...]
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 [...]
Inflation in Mozambique hit an annual rate of 12% at the end of last month, driven by rising food prices which show no sign of softening as the drought affecting the entire region hits supplies. Statistics from [...]
International investors have been asked to accept a 20% haircut and longer tenor on Mozambique’s EMATUM loan, which funded spending on a military now facing allegations of human rights abuses against the civilian population