Economy Archives - Page 5 of 25

Economy

Bank of Mozambique governor Rogerio Zandamela, 26 February 2018. Photo: Bank of Mozambique

27. February, 2018 0

Bank of Mozambique keeps cutting rates amid increased FX volatility

Increased dollar reserve requirement aims to keep metical steady following liberalisation of FX rules Continued improvements in Mozambique’s inflation outlook led the central bank to cut its benchmark [...]

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Economy

The London office of law firm White & Case.

23. February, 2018 0

Mozambique to present restructure proposals to creditors next month

The Government of Mozambique will present to creditors “the key elements of debt restructuring proposals” at a meeting in London next month, the finance ministry announced on Thursday. The meeting, to be held at the [...]

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Economy

Mozambique finance minister Adriano Maleiane testifying in parliament regarding ProIndicus, EMATUM, and MAM, 18 May 2016

22. February, 2018 0

Mozambique finance minister expects creditor meeting in London next month

Negotiators from the Mozambique government are due to meet with the country’s international creditors in London in the second half of March, the country’s finance minister Adriano Maleiane said yesterday, in

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Business

8. February, 2018 0

SADC-EU trade deal a ‘win-win’ for Mozambican importers and exporters, says EU

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

8. February, 2018 0

Weak economy threatens demographic time bomb in Mozambique, World Bank warns

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

Standard Bank's Maputo HQ. Photo: Key Projects

7. February, 2018 0

Economists see stable metical through 2018; Mozambique eurobond could rally

The Bank of Mozambique will likely try to keep the local currency steady throughout 2018 as the country heads into an election cycle, according to a recent forecast from Standard Bank. Despite forecasting cuts [...]

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Economy

The Bank of Mozambique. Photo © Timothy Haccius / Zitamar News

2. February, 2018 0

Government turned to central bank to fund 2016 ‘hidden debt’ repayments

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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Economy

Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News

2. February, 2018 0

Bank of Mozambique paid off $200m of Treasury bills in 2016

The Bank of Mozambique lent the government $210 million during 2016 to help it pay off Treasury bills issued to finance the budget deficit, as well as providing [...]

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Economy

The offices of Mozambique's Prosecutor-General, the PGR, in Maputo. Photo © Tom Bowker / Zitamar News

29. January, 2018 0

Attorney General seeks prosecution for Mozambicans behind the ‘hidden debts’

Mozambique’s Attorney General’s office has begun proceedings to hold those behind the $2 billion raised for ProIndicus, EMATUM, and

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Economy

Privinvest boats visible behind the wall of the shipyard taken over by MAM in Maputo. Photo © Zitamar News, May 2017

26. January, 2018 1

VTB chief plans to meet Mozambique president to urge debt negotiation

The head of Russian bank VTB which - along with Swiss bank Credit Suisse - arranged $2 billion in lending to Mozambique which is now in default, has said he is planning to meet the president of Mozambique “soon” to try and persuade the country to negotiate [...]

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Intelligent news from Mozambique

Exxon snaps up lead US investigator on Mozambique hidden debts case

Floods leave thousands homeless, and halt Vale coal exports from Tete

Frelimo holding company sells cement plant stake in $85m deal

Anadarko contractor shot in 10 May Cabo Delgado attack

Mozambique says $3.2bn needed for cyclone recovery

‘Die is cast’ for Manuel Chang extradition to Mozambique

Exxon snaps up lead US investigator on Mozambique hidden debts case

Floods leave thousands homeless, and halt Vale coal exports from Tete

Frelimo holding company sells cement plant stake in $85m deal

Anadarko contractor shot in 10 May Cabo Delgado attack

Mozambique says $3.2bn needed for cyclone recovery

‘Die is cast’ for Manuel Chang extradition to Mozambique

Browsing: Economy

Bank of Mozambique keeps cutting rates amid increased FX volatility

Mozambique to present restructure proposals to creditors next month

Mozambique finance minister expects creditor meeting in London next month

SADC-EU trade deal a ‘win-win’ for Mozambican importers and exporters, says EU

Weak economy threatens demographic time bomb in Mozambique, World Bank warns

Economists see stable metical through 2018; Mozambique eurobond could rally

Government turned to central bank to fund 2016 ‘hidden debt’ repayments

Bank of Mozambique paid off $200m of Treasury bills in 2016

Attorney General seeks prosecution for Mozambicans behind the ‘hidden debts’

VTB chief plans to meet Mozambique president to urge debt negotiation

Zitamar Daily Briefing, 17 May