Browsing: Economy

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The free trade agreement between the European Union (EU) and the countries of the Southern African Development Community (SADC), finally implemented in Mozambique on Monday, will help develop domestic industry in Mozambique, the EU says.

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Economy Young Mozambicans in Ancuabe, northern Mozambique. Photo © Tom Bowker / Zitamar News, 2017
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Mozambique’s government faces a race to integrate the country’s growing labour force, projected to increase by half a million people per year over the next decade, in an economy which has run into “very strong headwinds” with a deteriorated growth outlook [...]

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Economy The Bank of Mozambique. Photo © Timothy Haccius / Zitamar News
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The government borrowed nearly $200 million from the Bank of Mozambique in three separate loans in 2016 to cover repayments on the EMATUM bonds and ProIndicus syndicated loan, according to a recently released audit of the government’s accounts from that [...]

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