Browsing: Economy
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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Bank of Mozambique holds lending rate steady at June meeting
The Bank of Mozambique today kept its lending rate steady at 18%, despite inflation having fallen to 3.26% on an annualised basis, and the central bank’s own forecast for single-figure inflation over the short and medium term.
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FDI in Mozambique falls by over a quarter
In 2017, foreign direct investment in Mozambique totalled $2.3 billion, a drop of 26% on the year before and an above-average fall for an African country, according to the annual
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Mozambique finance ministry gives creditors August deadline for restructure agreement – report
The holders of Mozambique’s international commercial debt, on which the country continues to default, have until August to agree a restructure of the debt if they want Mozambique to make any payments to them in 2019.
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