Browsing: Economy

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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Economy Chinese ambassador Su Jian and Mozambique's deputy foreign minister Nyeleti Mondlane exchanging agreements in Maputo on 26 October 2017.
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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 [...]

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Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
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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 [...]

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