The shareholders of Moza Banco, led by the pension fund of employees of Mozambique’s central bank, have completed a $59 million capital [...]
Mozambique’s Hidroelectrica de Cahora Bassa (HCB) could raise around $52.5 million from listing a 7.5% stake in the company on the Mozambican stock exchange, according to one estimate. Portuguese electricity [...]
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.
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. [...]
China announced on Thursday that it had pardoned more than $36 million of interest-free loans it gave to Mozambique, and also pledged to donate more than $15 million to finance construction of an airport at Xai-Xai, the capital of Gaza Province in southern [...]
- Government owes more than 47 billion meticais ($775m) to Bank of Mozambique, according to data revealed on Thursday
A group of Mozambique’s international creditors has called on the government to abandon its “clearly unworkable” attempts to impose the cost of its international default “onto the bond markets, the donors and Mozambique’s citizens”, a year after the [...]