Browsing: Economy

Economy Privinvest boats visible behind the wall of the shipyard taken over by MAM in Maputo. Photo © Zitamar News, May 2017
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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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Business Bank of Mozambique staff assembled in Lichinga, January 2018
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Bank of Mozambique governor Rogerio Zandamela said yesterday that the country’s updated foreign exchange which, among other things, removes the requirement for companies in Mozambique to convert at least half of their export earnings into meticais, would [...]

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Economy Some of the patrol boats bought by EMATUM or ProIndicus. Photo © Tom Bowker  / Zitamar News
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A team from the International Monetary Fund (IMF) will visit Mozambique at the end of November for an Article IV consultation and to discuss the follow up to the audit of the EMATUM, ProIndicus, and MAM companies, the Fund said today.

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Economy Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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The Mozambique government’s financial adviser for restructuring its external debts said on Thursday she is confident of reaching an agreement with the country’s creditors in 2018, saying some bondholders are ready to come to the negotiating table. [...]

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